HUGE PRICE IMPROVEMENT!!! Great opportunity to own an extensively improved 4 unit property situated on a spacious 9,627 square foot R3 zoned lot, just moments from SoFi Stadium, the Kia Forum, Hollywood Park, and the ongoing redevelopment transforming Inglewood. The property features a front house that will be delivered vacant… Read More at the close of escrow, creating exceptional flexibility for an owner occupant, investor, short term rental operator, or tenant seeking market rent. The three rear units are tenant occupied, providing immediate and stable rental income from day one. This turn key asset has benefited from thoughtful upgrades and improvements and is professionally managed and operated. Recent enhancements include a new roof installed in 2022, a permitted kitchenette in the main house, an updated kitchen in the main house, and an upgraded electrical panel. The property has also been approved for additional improvements through the Residential Sound Insulation Program (RSIP). Scheduled for installation in early 2027, and transferable to the next owner, these improvements include upgraded HVAC systems, new interior and exterior doors, and dual and triple pane windows, representing a substantial future benefit at no cost to the buyer. The property also offers four attached single car garages, creating valuable parking and storage options. Buyers may wish to explore the potential for future ADU conversion, subject to city requirements and approvals, adding another layer of long term upside. With strong in place income, a vacant owner's unit, significant recent capital improvements, development friendly R3 zoning, and a premier location in one of Southern California's most dynamic growth corridors, this property presents an exceptional combination of current cash flow and future appreciation potential. This one is a slam dunk and truly does not disappoint. Read Less
Property listed by RE/MAX TerraSol, Gene Smith 310-259-7556
Listing Snapshot
Days Online
18
Last Updated
Property Type
Quadruplex
Lot Size
0.22 Acres
Year Built
1928
MLS Number
OC26117008
Additional Details
Building
Built in 1928, 2 buildings, 1 storey, Levels: Two, Entry level: 1, Entry location: 1
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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