Jonathan Nikfarjam Brokered the Listing
Inglewood, CA (February 1, 2018)— Coldwell Banker Commercial Advisors (CBC Advisors) today announced its listing of a 12,994-square foot, 13-unit Apartments building located at 533 Evergreen Street in Inglewood. Jonathan Nikfarjam, managing principal of CBC Advisors, represents the seller in the listing.
The Evergreen Street apartments are situated on a 12,127-square foot lot, the offering boasts a unit mix of seven two-bedroom/two-bathroom units, five one-bedroom/one-bathroom units and one non-conforming studio. Most of the two-bedroom units have private patios. All of the two-bedroom units contain two bathrooms which allow for stronger marketability and rent potential.
“533 Evergreen Street provides an investor with the opportunity to own in one of the most desirable and sought-after pockets of northwest Inglewood,” said Nikfarjam. “This non-rent controlled property contains over 12% in rental upside with a proforma cap rate of 4.97% and a proforma GRM of 13.55. Inglewood has become one of the hottest markets in the South Bay given all the development that is taking place.”
The property is located within a short distance of the Great Western Forum, the new Hollywood Park Development Project, and the proposed NFL Ram’s Stadium.
Nikfarjam specializes in multifamily investment sales throughout Southern California with an emphasis in Los Angeles County. Recently, the El Segundo multifamily team was ranked among the most active South Bay multifamily agent teams and was recognized in 2017 by the Los Angeles Business Journal as Los Angeles’ “Top Multifamily Brokerage Team.”