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614 Myrtle Avenue Inglewood, CA 90301
$2,150,000 16 beds, 9 baths
6, 538 sqft
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Nestled in a tranquil residential pocket just moments from the vibrant energy of the new SoFi Stadium, this property presents a compelling investment opportunity within Inglewood's flourishing and fast-growing urban landscape. Enjoy the convenience of being within walking distance to La Brea Avenue's bustling corridor, Market Street's eclectic mix of shops and eateries, and the emerging downtown Inglewood scene -- all contributing to a dynamic, walkable neighborhood on the rise. The existing property features generously sized residences that offer not only long-term comfort but also significant upside potential. With established tenants and rents currently below market rate, savvy investors can benefit from a reliable income stream while positioning themselves to take full advantage of future rent growth, property appreciation, and increasing demand fueled by Inglewood's ongoing transformation. A standout feature of this offering is the existing carport and storage structure, which already has plans in place for the development of a detached 2-bedroom, 2-bathroom Accessory Dwelling Unit (ADU). This addition presents a unique opportunity to further enhance rental income and long-term property value. Ample parking will still remain on the lot, preserving convenience for current and future tenants. Although the property has a leasing history of 7 units, the Certificate of Occupancy currently reflects approval for 6 units, indicating untapped potential for optimization and compliance. For the forward-thinking investor, this represents a strategic entry point into a market that continues to break new ground. Inglewood is rapidly becoming one of Southern California's most desirable investment markets, buoyed by the development of the Intuit Dome, Hollywood Park, the Kia Forum, and ongoing city-wide revitalization projects. With easy access to major freeways, including the I-405, I-105, and I-110, as well as proximity to LAX, this location offers unmatched regional connectivity for residents and tenants alike. 614 Myrtle Ave is more than just an income property, it's a gateway to the future of Inglewood. Don't miss your chance to secure a stake in one of LA's most exciting and promising neighborhoods.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 25543659
List price is $2,150,000
Beds: 16
Baths: 9
Built in 1957
6,538 sqft
0.22 acres
Lot size: 0.2183
County: Los Angeles
Zoning: INR3YY
Appliances: Refrigerator,Dryer,Washer
Parking description: Covered,Door-Single,Driveway,Garage,Private
Heating/cooling: Central Air
Heating description: Central
MLS area: 101 - North Inglewood

Last Updated: 5/27/2025

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This listing belongs to the 101 - North Inglewood MLS area

Lat/Long: 33.956160, -118.348097.
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Listing Agent: Tim Steuernol
Lic#: 01276603
Office Name: Tustin

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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

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Population by Gender

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Lic#: 01276603

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18302 Irvine Blvd, Suite 240
Tustin, CA 92780
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© 2025 Berkshire Hathaway HomeServices California Properties (BHHSCP) is a member of the franchise system of BHH Affiliates LLC. BHHS and the BHHS symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. BHH Affiliates LLC and BHHSCP do not guarantee accuracy of all data including measurements, conditions, and features of property. Information is obtained from various sources and will not be verified by broker or MLS. Buyer is advised to independently verify the accuracy of that information.
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