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$1,895,000
Est. payment /mo
11 Beds
10 Baths
2,678 SqFt
UPDATED:
12/19/2024 06:01 AM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,678 sqft
Price per Sqft $707
MLS Listing ID 24470935
Bedrooms 11
HOA Y/N No
Year Built 1910
Lot Size 8,006 Sqft
Property 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.
Location
State CA
County Los Angeles
Area 101 - North Inglewood
Zoning INR4*
Interior
Fireplace No
Building
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 4020018023
Special Listing Condition Standard
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Listed by Davis Saadian • KW Advisors
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Tracy Thrower Conyers
Broker Associate, JD | License ID: 01712960
Broker Associate, JD License ID: 01712960