10136 S Inglewood Ave, Inglewood, CA 90304

Property Description

We are pleased to present 10136 & 10200 Inglewood Avenue, a newly constructed, five-story, 136-unit apartment community in Lennox, half a block south of Century Boulevard, between LAX and the Inglewood sports & entertainment district. Built in 2026 around efficient studios and one-bedrooms averaging 233 SF, the property is offered prior to its certificate of occupancy at roughly $147K per unit - 44% below the average of four recent new-construction sales in South Los Angeles. A buyer steps in after the land, entitlement, and construction risk and controls the lease-up from day one. The project was approved ministerially by LA County Regional Planning as a density-bonus housing development: 124 market-rate units (including the manager's unit) and 12 income-restricted units. No car parking is required; the building provides 148 secure bike spaces less than a mile from Metro's C and K Lines. Twelve of the 136 units are income-restricted under the project's Los Angeles County density-bonus approval: one unit at 30% of Area Median Income (Extremely Low Income), one unit at 50% AMI (Very Low Income) and ten units at 80% AMI (Lower Income). Four of these are replacement units restricted in perpetuity; the remaining eight are restricted for 55 years from the certificate of occupancy. The covenants are monitored by the Los Angeles County Development Authority (LACDA). The other 124 units are unrestricted market-rate units. The property is in unincorporated Lennox, so County rent stabilization does not apply to post-1995 construction, and the building is exempt from AB 1482 for its first 15 years. Buyer to verify all affordability terms with LACDA. Unit mix per current plans; Buyer to verify. All income figures are pro forma, as the building is vacant.