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$ 2,300,000
Est. payment | /mo
11 Beds
6 Baths
5,236 SqFt
$ 2,300,000
Est. payment | /mo
11 Beds
6 Baths
5,236 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 5,236 sqft
Price per Sqft $439
MLS Listing ID 26871137
Bedrooms 11
HOA Y/N No
Year Built 1963
Lot Size 6,333 Sqft
Property Description
RARE INGLEWOOD TURN-KEY 6 UNIT MULTI-FAMILY ASSET- FULLY VACANT & REHABBED! Attention 1031 Exchange Buyers & Savvy Investors! Welcome to a literal "headache-free, maintenance-free" cash cow in the absolute heart of booming Inglewood. Situated on a prime corner lot, this immaculate 6-unit building is delivered 100% completely vacant, allowing you to set top-of-market rents on day one without any tenant displacement. Lease up the entire building for a clean, effortless portfolio addition! Projected 6.5% CAP Rate and 10.97 GRM. Unit Mix includes Five spacious 2-Bedroom / 1-Bath units, One spacious 1-Bedroom / 1-Bath unit, 11 total parking spaces (A premium mix of private garages and covered carports!). Possible ADU Garage Conversion to add a 1bd/1ba unit generating an additional $2000/mo income (Buyer to verify w/ City). Zero Capital Expenditure Needed! This building was stripped down and completely modernized with flawless craftsmanship. Individually metered for gas and electric, and opportunity to implement RUBS for (Water, Sewer, Water Heater Gas, and Trash). We are talking all-new electrical, new plumbing, new electrical panels and wiring, new sewer line, new roof, new dual-pane windows, landscaping, in unit laundry, stainless steel appliances, and brand-new HVAC systems. It is essentially a brand-new building wrapped in a classic footprint. Because it sits on a prominent corner lot, units are flooded with buckets of natural light, offering excellent privacy and sweeping views. Located just minutes from LAX, SoFi Stadium, the Intuit Dome, the Kia Forum, and the Hollywood Park entertainment district, you are positioned directly in the path of rapid appreciation and endless tenant demand. Opportunities this clean, this upgraded, and completely vacant do not last in the South Bay. Come see this stunning one-of-a-kind asset while you still can! Seller reserves the right to actively lease vacant units during the marketing period.
Location
State CA
County Los Angeles
Area 102 - South Inglewood
Zoning INC2YY
Interior
Heating Central, Wall Furnace
Cooling Central Air, Wall/Window Unit(s)
Fireplace No
Appliance Disposal, Microwave, Refrigerator, Dryer, Washer
Exterior
Parking Features Attached Carport
Total Parking Spaces 11
Building
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4023028027
Special Listing Condition Standard
Listed by Casundra Renteria Whiz Realty, Inc #01989313
Joshua Tolar
Homeowner Advisor | Realtor | License ID: 02000924
+1(909) 525-2770 | josh@pivothomes.com