614 Myrtle Avenue

    Inglewood, CA 90301
    • $1,875,000
    • STATUS: Active
    • ON SITE: 88 days
    • ID#: 19458000
    UPDATED: 70 min ago
    $1,875,000
    • 16
      BEDS
    • 0.22
      ACRES
    • 9
      BATHS
    • 0
      1/2 BATHS
    • 6,538
      SQFT
    • $287
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1957
    County:

    School Ratings & Info

    Description

    On the market for the first time in over 25 years this is property is located in a quiet, residential pocket just a few short blocks due west of the new NFL stadium and also walking distance to La Brea, Market St. and downtown Inglewood. Super spacious units with long terms tenants and well below market rents provide a new owner surety of collected rents with lots of upside potential. Built originally as a SFR, it was expanded make the property into a 4-bdrm+2-ba, 1,617sqft owner's unit with 5 units attached in 1986 that include a 3+2, 2+1.5 and 3-2+1 units. 12 onsite parking and a small laundry room for tenants convenience. Professionally managed and maintained for years this building is a feather in the cap of the local investor looking to capitalize on the future of the City of Champions. This property is a legal 6-unit that has rented as 7 for over 30 years.

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    Based on information from CARETS as of 2019-07-22T17:51:57.507. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
    www.lydiagable.com/homes/93990677

    614 Myrtle Avenue Inglewood, CA 90301

    • Price: $1,875,000
    • Status: Active
    • Updated: 70 min ago
    • ID#: 19458000
    16
    Beds
    9
    Baths
    0
    ½ Baths
    0.22
    Acres
    6,538
    SQFT
    $287
    $/SQFT
    1957
    Built
    Neighborhood:
    North Inglewood (101)
    County:
    Los Angeles
    Area:
    North Inglewood (101)
    Property Description
    On the market for the first time in over 25 years this is property is located in a quiet, residential pocket just a few short blocks due west of the new NFL stadium and also walking distance to La Brea, Market St. and downtown Inglewood. Super spacious units with long terms tenants and well below market rents provide a new owner surety of collected rents with lots of upside potential. Built originally as a SFR, it was expanded make the property into a 4-bdrm+2-ba, 1,617sqft owner's unit with 5 units attached in 1986 that include a 3+2, 2+1.5 and 3-2+1 units. 12 onsite parking and a small laundry room for tenants convenience. Professionally managed and maintained for years this building is a feather in the cap of the local investor looking to capitalize on the future of the City of Champions. This property is a legal 6-unit that has rented as 7 for over 30 years.
    Exterior Features

    Parking Features Covered Parking Parking Spaces Total 12 Parking Type AssignedTandem

    Interior Features

    Appliances None Cooling Type None Heating Fuel Wall Gas Heating Type Wall Gas Total Floors 2 Unit Furnished01 Unfurnished Unit Furnished02 Unfurnished Unit Furnished03 Unfurnished Unit Furnished04 Unfurnished Unit Furnished05 Unfurnished Unit Furnished06 Unfurnished Unit Furnished07 Unfurnished Unit Furnished08 Partially Unit Furnished09 Partially Unit Furnished10 Partially Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 2.0 Unit Number Of Bath02 1.5 Unit Number Of Bath03 1.0 Unit Number Of Bath04 1.0 Unit Number Of Bath05 1.0 Unit Number Of Bath06 1.0 Unit Number Of Bath07 1.0 Unit Number Of Bed01 3 Unit Number Of Bed02 2 Unit Number Of Bed03 2 Unit Number Of Bed04 2 Unit Number Of Bed05 2 Unit Number Of Bed06 2 Unit Number Of Bed07 1

    Property Features

    Adjusted Gross Income 126504.00 Assessed Improvement Value 503344.00 Assessed Land Value 321279.00 Cap Rate 3.95 Country United States Of America Expense Total Annual 49234.00 Gross Operating Income 123341.00 Gross Rent Multiplier 14.82 Hoa YN N Legal Disclosures No Property Assessments Lot Size Source Vendor Enhanced Net Operating Income 74108.00 Number Of Buildings 1 Special Conditions Standard Sale Square Footage Source Title Company Unit Monthly Rent01 2050.00 Unit Monthly Rent02 1325.00 Unit Monthly Rent03 1800.00 Unit Monthly Rent04 1550.00 Unit Monthly Rent05 1412.00 Unit Monthly Rent06 1255.00 Unit Monthly Rent07 1130.00 Unit Projected Total Monthly Rent01 2050.00 Unit Projected Total Monthly Rent02 1325.00 Unit Projected Total Monthly Rent03 1800.00 Unit Projected Total Monthly Rent04 1550.00 Unit Projected Total Monthly Rent05 1412.00 Unit Projected Total Monthly Rent06 1255.00 Unit Projected Total Monthly Rent07 1130.00 Unit Total Monthly Rent01 2050.00 Unit Total Monthly Rent02 1325.00 Unit Total Monthly Rent03 1800.00 Unit Total Monthly Rent04 1550.00 Unit Total Monthly Rent05 1412.00 Unit Total Monthly Rent06 1255.00 Unit Total Monthly Rent07 1130.00 Unit Type01 1 Unit Type02 1 Unit Type03 1 Unit Type04 1 Unit Type05 1 Units Total In Complex 7 Zoning Inr3yy

    Listing provided courtesy of Christopher Marsocci DRE#01095183 of Goldcoast Commercial Group.


    Based on information from CARETS as of 2019-07-22T17:51:57.507. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
     
    Lydia Gable Realty Group | Compass
    2945 Townsgate Road Suite 300
    Westlake CA, 91361