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Description
Hyde Park Plaza is a new construction, freestanding eight unit building located in the up-and-coming City of Inglewood. Inglewood has recently seen an increase in the medium income and that demonstrates a strong economic upward trend for the area. This strong value indicator is coupled with the fact that a new stadium complete, and this large amenity and city attraction is estimated to bring roughly 3,000 new residential units to the immediate area.
Additional improvements in the area that are increasing values and demand are an artificial lake and a revamped casino to Hollywood Park and its surrounding area. Today the CAP rate for The Hyde Park Plaza is 5%, but it could be a 6% CAP rate once fully occupied and become a stabilized
asset. Owner open to seller financing.
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