746 Cory Drive

Inglewood, CA 90302

  • 0 Bed(s)
  • 0 Bath(s)
  • 6,170 Sqft
  • 9645
    Sqft(Lot)
$1,850,000

Description

Prime nw inglewood location. 8 unit apartment complex with recently upgraded electrical panels and roof (approx 10 yrs old). great unit mix with a mix of large one bedrooms (8) and two bedroom one bath units (3).

price to sell with a potential 6%+ cap. long term tenants with significant upside in rents (rent roll attached). city of inglewood allows a generous annual rent increase of 8.9% when rents are below their 80% fmr (fair market value) which applies to all of the residents. this asset is not subject to la city or la county rent control restrictions.

low cost of operations as each tenant pays their own hot water with individual hot water heaters in each unit. tenants also benefit from a gas servicing each unit (as with individual meters) and individual electric meters. common area laundry on site (vender has mtm agreement). parking area consists of open spaces (3), carports (3), a 2 car enclosed garage plus and additional single car enclosed garage.

amazing street presence. pride of ownership asset. seller (and partners) has owned this asset for 24+ years and is retiring / dissolving the partnership. no seller carrybacks of financing offers are considered.

other recent upgrades:

sb 326 balcony requirements: inspected and repairs completed with permits by national deck. stairway railings brought up to current code height and spacing requirements.

main gas meters updated with earthquake shut off valves - to comply with insurance requests.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    47676071

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Property Details

  • Water/Sewer

    • Sewer : Public Sewer

  • Building Information

    • Year Built: 1953
    • Building Area Total: 6,170

    Pool Features

    • None

    Laundry Features

    • Common Area

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.2214
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 9645

  • Listing Price Information

    • Original List Price: 1,850,000
    • Listing Contract Date: 2024-11-18

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 4017021020

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Electricity,Gas

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 101 - North Inglewood
    • Directions: Venice Way and Cory
    • Zoning: INR3YY
    • Source Property Type: Residential Income
    • Area: 101 - North Inglewood
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 71
    • Common Walls: 2+ Common Walls
    • Structure Type: Apartment
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: 1
    • Property Attached: Yes
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BuyOwner last updated this listing 11/24/2024 @ 00:38

  • MLS: SB24236205
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 6,170 sqft, 9,645 sized lot, and 3 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 90302, this Los Angeles County Home are nearby neighborhoods.