$5,865,000
$5,995,000
2.2%For more information regarding the value of a property, please contact us for a free consultation.
0.57 Acres Lot
SOLD DATE : 02/25/2021
Key Details
Sold Price $5,865,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 20660588
Sold Date 02/25/21
Construction Status Repairs Cosmetic
HOA Y/N No
Year Built 1964
Lot Size 0.570 Acres
Acres 0.57
Property Description
The Osage Apartments come to the market for the first time in almost 30 years. Located in a quiet South Inglewood location this property is in great condition, well cared for and managed over the years. The building has an excellent unit mix and large lot with plenty of parking. The asking price includes the adjacent 4-unit building at 1025 S. Osage which is an approximately 4,208 sqft building on a separate 5,856 sqft lot. The financials represented include both buildings. The rents are almost 40% below market allowing a new owner to capture lots of upside in the years to come. There are 2 laundry room each with 2 washers and 2 dryers that are owned by the building, no lease in place. The singles are master metered for electricity and gas. SELLER PREFERS OFFERS WITH SELLER FINANCING AT 50% LTV.
Location
State CA
County Los Angeles
Area 102 - South Inglewood
Zoning INRM*
Rooms
Ensuite Laundry Laundry Room
Interior
Laundry Location Laundry Room
Cooling None
Flooring Carpet, Laminate
Fireplace No
Laundry Laundry Room
Exterior
Garage Attached Carport, Assigned
View Y/N No
View None
Parking Type Attached Carport, Assigned
Building
Faces East
Story 2
Entry Level Two
Sewer Other
Level or Stories Two
Construction Status Repairs Cosmetic
Others
Senior Community No
Tax ID 4024011011
Security Features Carbon Monoxide Detector(s),Security Gate,Resident Manager,Smoke Detector(s)
Acceptable Financing Owner Will Carry
Listing Terms Owner Will Carry
Financing Seller Financing
Special Listing Condition Standard
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Bought with Miguel Padilla • Keller Williams Beach Cities