Description
We are pleased to offer the opportunity to acquire this ten (10) unit multifamily investment opportunity located in the heart of inglewood. this investment was constructed of wood frame and stucco on a raised foundation built in 1910 with a square footage of 2,678 on a 8,005-square foot lot. the building has been reinforced and upgraded in compliance with the latest city codes and regulations, and is comprised of a remarkable unit mix, consisting of eight (8) studio units, one (1) 2+1 single family residence, and one (1) 1+1 unit. the investment is 100% occupied with a gross income of $15,147/month. there's approximately 25% potential upside in rents, which an investor can achieve closer to about $19,500/month. the investment is currently priced at a 7.25% cap rate & 10x grm. excellent cash-flow opportunity.
Property Type
Residential IncomeCounty
Los AngelesStyle
Residential IncomeAD ID
47986568
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Property Details
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Interior Features
Bedroom Information
- Total Bedrooms : 11
Bathroom Information
- Total Baths: 10
- Full Baths: 0
- Half Baths: 0
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Exterior Features
Building Information
- Year Built: 1910
- Building Area Total: 2,678
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Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.1838
- Lot Size Source: Vendor Enhanced
- Lot Size Square Feet: 8007
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Listing Information
Listing Price Information
- Original List Price: 1,895,000
- Listing Contract Date: 2024-12-10
Lease Information
- Listing Agreement: Seller Reserved
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Taxes / Assessments
Tax Information
- Parcel Number: 4020018023
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Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
Homeowners Association
Rental Info
- Lease Term: Negotiable
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School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: 101 - North Inglewood
- Directions: 112 S. Eucalyptus Avenue | Inglewood, CA 90301
- Zoning: INR4*
- Source Property Type: Residential Income
- Area: 101 - North Inglewood
Building and Construction
- Property Age: 114
- Year Built Source: Vendor Enhanced
- Total Square Feet Living: 2678
- Levels or Stories: One
- Building Total Stories: 1
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BuyOwner last updated this listing 12/18/2024 @ 01:33
- MLS: 24470935
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 11 bedrooms which is for sale, it has 2,678 sqft, 8,007 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Inglewood , in zip code 90301, this Los Angeles County Home are nearby neighborhoods.