List Price: $4.65M

Listing Status: Active

Days on Market: 2

26 Bedrooms · 26 Bathrooms · 14,610 sq ft

Property Type: ResidentialIncome

Year Built: 1963

Lot Size: 14,223 sq ft

MLS Number: 26731603

About This Property

We are pleased to present 516 Evergreen St, a compelling investment opportunity in one of Inglewood's most dynamic and rapidly evolving submarkets. The 16-unit property offers an exceptional and diverse unit mix consisting of one-, two-, and three-bedroom units, including two townhouse-style residences, appealing to a broad tenant base. Approximately 12 of the 16 units have been renovated, providing strong in-place income with additional upside potential through continued interior upgrades. The property features spacious and highly desirable floor plans averaging approximately 865 square feet, allowing for enhanced tenant retention and the ability to command premium rents. Ideally situated near the 405 Freeway, the asset offers convenient access to major employment hubs throughout Los Angeles, while also being in close proximity to the major retail corridors along Centinela Avenue and La Cienega Boulevard. Combined with its location within a high-growth pocket of Inglewood driven by nearby transformative developments such as SoFi Stadium,Intuit Dome, and Hollywood Park. 516 Evergreen St is well-positioned to deliver both stable cash flow and long-term appreciation. For more information, please reach out.

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