$1,660,000
$1,650,000
0.6%For more information regarding the value of a property, please contact us for a free consultation.
6,534 Sqft Lot
SOLD DATE : 03/31/2021
Key Details
Sold Price $1,660,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID RS20255381
Sold Date 03/31/21
HOA Y/N No
Year Built 1960
Lot Size 6,534 Sqft
Acres 0.15
Property Description
This is an incredible opportunity to purchase an irreplaceable six-unit complex with a GRM of 12.97 and 4.93% cap rate across the street form Sofi Stadium. The property is comprised of (4) 2BD/1BA, (2) 1BD/1BA spacious units, has (6) on-site covered parking spaces and an on-site laundry room with owned machines. From 2018-2020, current ownership invested in major interior and exterior improvements, including double pane windows, new roof in 2015, new garage doors and remodeled 5 out of 6 unit interiors. Most rents are near market levels keeping the asset insulated from both State and Local rent control policies while still offering approximately 10% upside in rents.
Location
State CA
County Los Angeles
Area 102 - South Inglewood
Zoning INM1L*
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Heating Floor Furnace, Wall Furnace
Cooling None
Flooring Carpet, Laminate, Vinyl
Fireplaces Type None
Fireplace No
Appliance Gas Range, Refrigerator, Water Heater
Laundry Common Area
Exterior
Garage Assigned, Covered, Gated, Garage Faces Rear
Garage Spaces 6.0
Garage Description 6.0
Fence Wrought Iron
Pool None
Community Features Curbs, Storm Drain(s), Street Lights, Urban
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Roof Type Composition
Parking Type Assigned, Covered, Gated, Garage Faces Rear
Total Parking Spaces 6
Private Pool No
Building
Lot Description Level, Near Public Transit
Story 2
Entry Level Two
Foundation Slab
Sewer Public Sewer, Sewer Assessment(s)
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4030004006
Energy Description 368.0
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Austin Chen • Keller Williams Beverly Hills