Outstanding North Inglewood Location: Well-positioned asset located 1.5 miles from SoFi Stadium and The Forum, and 2 miles from Intuit Dome. Single-Story Units on Large Lot: Six single-story units situated on a 15,508-SF lot. Exceptional ADU Opportunity: Large rear parking area presents the opportunity to add up to… Read More 6 ADUs or redevelop the property into an 11-unit apartment project (Buyer to Verify). Unit Composition: Outstanding unit mix with 3 of the units being recently renovated and a 3-bedroom unit which features a large private backyard and new washer/dryer hook-ups. Capital Improvements & Attractive Amenities: Property features a new roof, new electrical, updated electrical subpanels, individual hot water heaters, on-site laundry facility, new drought-tolerant landscaping, 6 garage spaces and a large rear parking area. Strong Cash Flow & Rental Upside: Offering a 6.76% current cap rate and 10.51 GRM with upside to an 8.43% pro-forma cap rate and 8.90 GRM, providing investors with both stable income and meaningful upside potential. Read Less
Property listed by Shield CRE, Inc., Jonathan Nikfarjam 310-259-7556
Listing Snapshot
Days Online
22
Last Updated
Beds
9
3/4 Baths
6
Square Ft.
4,886
Lot Size
0.36 Acres
Year Built
1955
MLS Number
26859139
Additional Details
Appliances & Equipment
Washer
Building
Built in 1955, Living area: 4886.0, 1 building, 1 storey, Levels: One
Garage
6 spaces
Income
Gross Income: $156,779, Net Operating Income: $111,196
Laundry
LaundryRoom
Lot
0.356 acres
Parking
6 total parking spaces, Covered, Garage, Uncovered
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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