Address Not Available By Request

    Inglewood, CA 90301
    • $2,900,000
    • STATUS: Closed
    • ON SITE: 144 days
    • ID#: 19480418
    Sold - 09/27/2019
    $2,900,000
    SOLD - 09/27/2019
    • 16
      BEDS
    • 0.31
      ACRES
    • 12
      BATHS
    • 0
      1/2 BATHS
    • 9,288
      SQFT
    • $312
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1958
    County:

    School Ratings & Info

    Description

    We are pleased to present this great opportunity to purchase an apartment complex in the City of Inglewood. Inglewood is the hottest market for multifamily properties in Southern California and these units are located in it's best pocket for rentals. The property consists of two six unit buildings with two-two bedroom apartments and four-one bedroom apartments each. The units average approximately 800 square feet each and they were built in 1958. The buildings have been well maintained but there is tremendous upside potential with an aggressive renovation-upgrade program which would allow for significant rent increases upon turnover. Currently there are four vacant units and market rents have been projected in the income analysis. Carport parking is available for all units. Please do not walk on property or disturb the tenants.

    Sold by Brice Head BRE#00939725 of Marcus & Millichap.

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    Based on information from CARETS as of 2019-11-11T23:46:06.683. 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/96142212

    Address Not Available By Request Inglewood, CA 90301

    • Price: $3,200,000
    • Status: Closed
    • ID#: 19480418
    16
    Beds
    12
    Baths
    0
    ½ Baths
    0.31
    Acres
    9,288
    SQFT
    $312
    $/SQFT
    1958
    Built
    Neighborhood:
    North Inglewood (101)
    County:
    Los Angeles
    Area:
    North Inglewood (101)
    Property Description
    We are pleased to present this great opportunity to purchase an apartment complex in the City of Inglewood. Inglewood is the hottest market for multifamily properties in Southern California and these units are located in it's best pocket for rentals. The property consists of two six unit buildings with two-two bedroom apartments and four-one bedroom apartments each. The units average approximately 800 square feet each and they were built in 1958. The buildings have been well maintained but there is tremendous upside potential with an aggressive renovation-upgrade program which would allow for significant rent increases upon turnover. Currently there are four vacant units and market rents have been projected in the income analysis. Carport parking is available for all units. Please do not walk on property or disturb the tenants.
    Exterior Features

    Parking Spaces Total 12 Parking Type Carport Detached

    Interior Features

    Cooling Type None Heating Type Wall Heater Interior Features Other 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 Unfurnished Unit Furnished09 Unfurnished Unit Furnished10 Unfurnished Unit Furnished11 Unfurnished Unit Furnished12 Unfurnished Unit Furnished13 Partially Unit Number Of Bath01 1.0 Unit Number Of Bath02 1.0 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 Bath08 1.0 Unit Number Of Bath09 1.0 Unit Number Of Bath10 1.0 Unit Number Of Bath11 1.0 Unit Number Of Bath12 1.0 Unit Number Of Bed01 2 Unit Number Of Bed02 1 Unit Number Of Bed03 1 Unit Number Of Bed04 2 Unit Number Of Bed05 1 Unit Number Of Bed06 1 Unit Number Of Bed07 2 Unit Number Of Bed08 1 Unit Number Of Bed09 1 Unit Number Of Bed10 2 Unit Number Of Bed11 1 Unit Number Of Bed12 1

    Property Features

    Adjusted Gross Income 191280.00 Assessed Improvement Value 111818.00 Assessed Land Value 52789.00 Cap Rate 4.20 Country United States Of America Expense Total Annual 53589.00 Gross Operating Income 187964.00 Gross Rent Multiplier 16.73 Hoa YN N Legal Disclosures Take Property As Is Lot Size Source Public Records Net Operating Income 134375.00 Number Of Buildings 2 Special Conditions Standard Sale Square Footage Source Public Records Unit Monthly Rent01 1250.00 Unit Monthly Rent02 860.00 Unit Monthly Rent03 1025.00 Unit Monthly Rent04 1995.00 Unit Monthly Rent05 1695.00 Unit Monthly Rent06 1695.00 Unit Monthly Rent07 1995.00 Unit Monthly Rent08 825.00 Unit Monthly Rent09 1100.00 Unit Monthly Rent10 1375.00 Unit Monthly Rent11 1025.00 Unit Monthly Rent12 1100.00 Unit Projected Total Monthly Rent01 1995.00 Unit Projected Total Monthly Rent02 1695.00 Unit Projected Total Monthly Rent03 1695.00 Unit Projected Total Monthly Rent04 1995.00 Unit Projected Total Monthly Rent05 1695.00 Unit Projected Total Monthly Rent06 1695.00 Unit Projected Total Monthly Rent07 1995.00 Unit Projected Total Monthly Rent08 1695.00 Unit Projected Total Monthly Rent09 1695.00 Unit Projected Total Monthly Rent10 1995.00 Unit Projected Total Monthly Rent11 1695.00 Unit Projected Total Monthly Rent12 1695.00 Unit Total Monthly Rent01 1250.00 Unit Total Monthly Rent02 860.00 Unit Total Monthly Rent03 1025.00 Unit Total Monthly Rent04 1995.00 Unit Total Monthly Rent05 1695.00 Unit Total Monthly Rent06 1695.00 Unit Total Monthly Rent07 1995.00 Unit Total Monthly Rent08 825.00 Unit Total Monthly Rent09 1100.00 Unit Total Monthly Rent10 1375.00 Unit Total Monthly Rent11 1025.00 Unit Total Monthly Rent12 1100.00 Unit Type01 1 Unit Type02 1 Unit Type03 1 Unit Type04 1 Unit Type05 1 Units Total In Complex 12 Zoning Inr3yy

    Listing provided courtesy of Jerome McAlpin DRE#00939725 of Mcalpin & Company.


    Based on information from CARETS as of 2019-11-11T23:46:06.683. 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