Inglewood, CA 90301,333 W Queen ST

$5,850,000

$6,150,000

4.9%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

0.51 Acres Lot


SOLD DATE : 12/24/2020

Key Details

Sold Price $5,850,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SB20187131

Sold Date 12/24/20

HOA Y/N No

Year Built 1966

Lot Size 0.510 Acres

Acres 0.51

Property Description

The Briarcliff Apartments are located in the incredibly red-hot Inglewood rental market. This 22-unit property features projected rental upside of over 42% +/-, and offers a terrific opportunity for today’s discerning and keen apartment investor. Sitting on a large 22,415 square foot lot on one of the best streets in Inglewood, the property has 17,448 rentable square feet. The building has an incredibly attractive unit mix of Five - 3 bed/2 Bath units, Eleven - 2 Bed/2 Bath unit, and Six - 1 Bed /1 Bath units.The property also has ample onsite parking with 33 covered parking spots. There is also a sparkling community pool and an outdoor patio area for tenants to relax, cool off and enjoy the sun. There is onsite laundry for the tenant’s convenience as well (leased) and the grounds are well-maintained with pleasant landscaping throughout. The property is an all-electric building. The units are individually metered for electricity and each unit has its own electric water heater. Additionally, each large kitchen has a dishwasher and several units have private balconies. The property is located just a few short minutes away from the $5 Billion NFL SoFi Stadium/Hollywood Park development, future Clippers Arena, and the brand-new downtown Inglewood metro station! Investment opportunities like this one are rare!

Location

State CA

County Los Angeles

Area 699 - Not Defined

Zoning INR4*

Rooms

Ensuite Laundry Common Area

Interior

Laundry Location Common Area

Fireplace No

Laundry Common Area

Exterior

Garage Covered

Pool Community, In Ground

Community Features Sidewalks, Urban, Pool

Parking Type Covered

Total Parking Spaces 33

Private Pool No

Building

Lot Description 21-25 Units/Acre

Story Two

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4020007041

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Financing Cash to New Loan

Special Listing Condition Standard

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


California Regional MLS (CRMLS)
Listed by Josh Cohen • Keller Williams Beach Cities
Bought with Josh Cohen • Keller Williams Beach Cities

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.