$2,900,000
$3,200,000
9.4%For more information regarding the value of a property, please contact us for a free consultation.
0.31 Acres Lot
SOLD DATE : 09/27/2019
Key Details
Sold Price $2,900,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 19480418
Sold Date 09/27/19
HOA Y/N No
Year Built 1958
Lot Size 0.310 Acres
Acres 0.31
Property Description
We are pleased to present this great opportunity to purchase an apartment complex in the City of Inglewood. Inglewood is the hottest market for multifamily properties in Southern California and these units are located in it's best pocket for rentals. The property consists of two six unit buildings with two-two bedroom apartments and four-one bedroom apartments each. The units average approximately 800 square feet each and they were built in 1958. The buildings have been well maintained but there is tremendous upside potential with an aggressive renovation-upgrade program which would allow for significant rent increases upon turnover. Currently there are four vacant units and market rents have been projected in the income analysis. Carport parking is available for all units. Please do not walk on property or disturb the tenants.
Location
State CA
County Los Angeles
Area 101 - North Inglewood
Zoning INR3YY
Rooms
Ensuite Laundry See Remarks
Interior
Laundry Location See Remarks
Cooling None
Fireplace No
Laundry See Remarks
Exterior
Garage Detached Carport
Parking Type Detached Carport
Building
Story 2
Others
Tax ID 4021002006
Special Listing Condition Standard
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Bought with Brice Head • Marcus & Millichap