523 E Hazel Street, Inglewood, California 90302, Inglewood, 90302 - bed, bath

523 E Hazel Street, Inglewood, California 90302 home-pic-0

523 E Hazel Street

Inglewood, California 90302

ACTIVE
CONDITION: FAIR
0Beds
0Baths
8,525Sq Ft
10,016Lot Size

Property Price

LIST PRICE$2,595,000

SUMMARY

Analysis of 523 E Hazel Street, Inglewood, California 90302 is currently available with a list price of $2,595,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Inglewood Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Condition Analysis

OVERALL CONDITION SCORE

Fair
TeardownExcellent

Property is moderate renovation needed.

Built in 1960, this multi-unit property shows signs of regular upkeep and some cosmetic updates, such as the light-colored laminate flooring visible in the living areas. However, key components like the heating system (wall-mounted heaters) and the fireplace with its large, brown tiles are significantly outdated, indicating a lack of comprehensive modern renovation. The absence of kitchen and bathroom images suggests these areas are likely also dated and would require updates to meet current tenant expectations. The property is functional and habitable, but major systems and aesthetics show their age, aligning with the 'Fair' condition criteria of being aged but maintained, with functional but outdated major components requiring minor to moderate updates.

PROSSTRENGTHS & OPPORTUNITIES

  • Prime Location & Market Growth

    Situated in Northwest Inglewood, an active and improving rental market, and only 2.5 miles from major attractions like SoFi Stadium and the Intuit Dome, indicating strong tenant demand and long-term appreciation potential.

  • Diverse & Balanced Unit Mix

    Features a well-balanced mix of 1, 2, and 3-bedroom units, appealing to a broad range of renters (families and individuals) and ensuring consistent occupancy.

  • Attractive In-Place Cash Flow

    Offers solid in-place cash flow with an attractive entry CAP rate of 5.71%, providing immediate returns for investors.

CONSRISKS & DEFICIENCIES

  • Age of Property

    Built in 1960, the property is over 60 years old, which may imply potential for deferred maintenance, aging infrastructure, or the need for future capital expenditures for renovations or system upgrades.

  • Unknown Unit Condition/Renovation Needs

    The description does not specify recent renovations or upgrades to individual units, suggesting potential for varying unit conditions and future renovation costs to achieve the projected rental upside.

  • Limited Information on Amenities/Parking

    The property description lacks details on tenant amenities such as dedicated parking, laundry facilities, or common areas, which could be a competitive disadvantage or require future investment.

About 523 E Hazel Street

523 Hazel Street offers a compelling opportunity to acquire a 10-unit apartment building in Northwest Inglewood, one of LA’s most active and improving rental markets. Situated on a 10,016 SF lot, the property features 8,535 rentable square feet and a well-balanced unit mix that appeals to both families and individual renters. The mix includes (1) 3-Bed/3-Bath, (1) 2-Bed/2-Bath, (2) 2-Bed/1.5-Bath, (1) 2-Bed/1-Bath, and (5) 1-Bed/1-Bath units, offering a strong balance of spacious layouts and efficient floor plans. With an attractive entry CAP rate of 5.71%, pricing at $259,500 per unit and just $304.40 per square foot, the asset provides solid in-place cash flow with room to grow. Investors can target approximately 10% rental upside, supporting a projected market CAP rate of 6.60%. Located only 2.5 Miles from SoFi Stadium and the Intuit Dome and surrounded by quiet residential blocks, the property is ideally positioned within a neighborhood seeing sustained tenant demand and long-term appreciation. With its desirable location, healthy returns, and proven upside, 523 Hazel Street represents a strong multifamily investment in the path of continued growth.

Property Details

Public Facts

Property Type
Mixed Use
Year Built
1960
Lot Size
10,016 Sq. Ft.

Interior

Total Bedrooms
-
Total Bathrooms
-

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Inglewood Unified Schools

Centinela Elementary School

Grades K-6 • 0.3 mi

4/10

Highland Elementary School

Grades K-6 • 0.8 mi

4/10

Hudnall (Claude) Elementary School

Grades K-6 • 1.1 mi

5/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds--
50%
Baths--
50%
Square foot8,5258,525
50%
Lot Size10,01612,513
33%
Price$2.60M$2.60M
50%
Price per sq ft$304$304
50%
Built year19601958
67%
HOA$0$0
50%
Days on market214214
67%

Pricing History

Listed for Sale

Aug 4, 2025

$2,595,000

Initial Listing

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