Inglewood, CA 90301 530 W Olive Street

530 W Olive Street Inglewood, CA - Image 1530 W Olive Street Inglewood, CA - Image 2530 W Olive Street Inglewood, CA - Image 3
Presented By: Abu Majumder with Abu Majumder, Broker; 562-201-7577
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# SB25078572
  • 04/10/2025
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 20
  • Baths • 16
  • SQFT • 11,886

Home Details

A beautifully remodeled apartment building located on a quiet street in Inglewood is now for sale. The property consists of 12 mixed units, each averaging approximately 1,000 square feet. Situated just south of Manchester Boulevard in a primarily residential neighborhood, these high-quality units are designed to appeal to the area's most discerning renters. In addition to this property, three more buildings are also available for sale. These properties can be sold individually or as part of a portfolio: 16 units at 404 E. Hyde Park, Inglewood 12 units at 511 Venice Way, Inglewood 6 units at 717 N. Market Street, Inglewood Out of the 46 total units across all properties, 41 have been fully remodeled to condo-quality standards. This portfolio offers a turnkey, low-maintenance investment opportunity, with a strong track record of minimal vacancy, low tenant turnover, and 100% rent collection. Ample parking is available. Typically, one-bedroom units include one parking space, while two- to four-bedroom units come with two parking spaces each.
Presented By: Abu Majumder with Abu Majumder, Broker; 562-201-7577

Interior Features for 530 W Olive Street

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesCommonArea
Total Stories2

Other Rooms

Entry Level1

General for 530 W Olive Street

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Spaces18.0
Carport Y/NYes
CityInglewood
Community FeaturesSidewalks
CountyLos Angeles
DirectionsManchester Bl and S Cedar Ave
Electric Expense1800.0
Electric On Property Y/NNo
Entry LocationOlive St
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income295536.0
HOANo
HeatingRadiant
Home Warranty Y/NNo
Insurance Expense8405.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToExistingLoan, CashToNewLoan, Conventional
Lot Size Square Feet10203.0
Lot Size UnitsSquareFeet
MLS Area101 - North Inglewood
MaintenanceExpense2400.0
MobileHomeRemainsYNNo
Net Operating Income189762.0
New ConstructionNo
Number Of Units Total12
Operating Expense94088.0
Pool FeaturesNone
Property Attached Y/NNo
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tax Lot10
Taxes$45,969
Tenant PaysElectricity, Gas
Total Actual Rent24128.0
Trash Expense0.0
Water Sewer Expense14280.0
Waterfront Y/NNo
Year Built1964
Year Built SourceAssessor
ZoningINR3YY

Exterior for 530 W Olive Street

Building Area Total11886.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesNearPublicTransit
Lot Size Acres0.2342
Lot Size Area10203.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters13
Number of Separate Gas Meters13
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking18.0
Water SourcePublic

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $3,495,000
MLS#SB25078572
List Date 04/10/2025
Property Type Multi-Family
Phone 714.742.6515
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Request Info
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