Current 5.91% cap and 11.41 GRM with ADU opportunity! Once stabilized and ADUs are built out, the property will operate at a 9.18% cap and 7.95 GRM. 10329 S Inglewood Ave is a stunning asset and perfect for any investor looking to capitalize on the Inglewood… Read More market. Beautifully renovated 6 unit building located near SoFi Stadium, Intuit Dome and Hollywood Park Development. 3/6 units have gone extensive renovations including new floors, cabinets, fixtures, bathrooms and appliances. The subject property has been professionally managed and is a low-maintenance, high cash flowing asset. Inglewood Ave is currently operating at a 5.91% cap and 11.41 GRM with upside. Take advantage of 5.25% interest rate, fixed for 5 years with only 27% down! The property is comprised of (6) 2Bed+1Bath units with the opportunity to add (2) ADUs above the rear parking structure. Once the ADUs are constructed and the all units are rented at market, the property will operate at a 9.18% cap rate and 7.95 GRM. With a oversized lot and large carport, no parking will be taken away when the ADUs are constructed. There is plenty of parking on-site, as well as a laundry room. This is ideal for any investor looking for a low-maintenance, high cash flowing asset that still has room for additional income. With close proximity to SoFi, Intuit and Hollywood Park Development, 10329 S Inglewood Ave supports high rental income with even better upside and will appreciate greatly due to location. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., Cameron Samimi 310-259-7556
Listing Snapshot
Days Online
34
Last Updated
Property Type
Apartment
Lot Size
0.19 Acres
Year Built
1952
MLS Number
SB25042712
30 Days Snapshot Of 90304
$732k
-6%
(avg) sold price
2
+100%
homes sold
108
-37%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1952, Building area total: 4,032, Levels: Two, 2 stories, 1 building, Architectural style: , Attached, Common walls: TwoCommonWallsOrMore
Community
Urban
Expenses
Operating expense: $43,357
Income
Gross income: $146,796, Net operating income: $99,035
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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