816 Myrtle Avenue

Inglewood, CA 90301

  • 0 Bed(s)
  • 0 Bath(s)
  • 6,162 Sqft
  • 10212
    Sqft(Lot)
$2,550,000

Description

Call for offers thursday 9/26/24 @ 5pm

massive 19,250 sqft lot zoned r3 with current in place cash

flow. a new buyer can develop 18 units by right or 27 units

with 50% density bonus allowed through the city. perfect

asset to land bank for future development while achieving

great in place cash flow. property can achieve 63% rental

upside by easily adding 3 adus.

offered at $135/ft for land and just $236k a units.

incredible value here for any investor.

816 myrtle is just two blocks away from so-fi stadium, the

forum & new intuit dome! 11 bungalow style units situated

on a 19,250 sqft lot! the property is currently operating at

a 5.53% cap rate and 11.90 grm with 67% upside available

once the adus are built. each unit is separately metered

for gas and electric.

the subject property is located only minutes away from

sofi stadium, youtube theater, intuit arena, lax airport,

and many more developments.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    46826032

Sell a home like this and save $152,501 Find Out How

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Heating Source

    • Central
    • Has Heating

  • Building Information

    • Year Built: 1956
    • Building Area Total: 6,162

    Pool Features

    • None

    Laundry Features

    • Inside

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.2344
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 10212

  • Listing Price Information

    • Original List Price: 2,550,000
    • Listing Contract Date: 2024-08-28

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 8649018033

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 699 - Not Defined
    • Directions: Off of Arbor Vitae and Prairie Ave
    • Source Property Type: Residential Income
    • Area: 699 - Not Defined
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 68
    • Common Walls: 2+ Common Walls
    • Structure Type: Apartment
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: 1
    • Property Attached: Yes
    • Levels or Stories: One
    • Building Total Stories: 1
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BuyOwner last updated this listing 10/18/2024 @ 04:36

  • MLS: SB24178799
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 6,162 sqft, 10,212 sized lot, and 4 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.