Hollywood Park Isn’t the Only Reason to Invest in Inglewood

Henry Manoucheri

The Hollywood Park stadium and mixed-use development in Inglewood has bought attention to Inglewood—and has helped to drive apartment investment—but the development is only one of many compelling reasons to invest in the market. The fundamentals in the market have been improving for years. Universe Holdings has been on a buying spree in the market. With the recent acquisition of the 15-unit Chateau Park Casino Royale V, the firm now has nine properties in the market.

“We were bullish on the market well before the stadium was announced as we identified Inglewood as a very solid rental market with strong multifamily fundamentals more than four years ago when we made our first investment there,” Henry Manoucheri, CEO of Universe Holdings, tells GlobeSt.com. “Back then, we saw a vibrant community of working class people that is geographically 15 minutes from the heart of L.A., 10 minutes to LAX and five miles to the beach. We also saw the natural migration of renters moving southeast as they were getting priced out of neighboring markets on the Westside—and Inglewood was in the center of that path.”