PRICE IMPROVEMENT | This well positioned 22-unit multifamily property is located within blocks of transformational projects like SoFi Stadium, the Intuit Dome, Hollywood Park, and the Kia Forum with continued infrastructure and commercial development fueling long-term appreciation and rising rental demand. Made up of (11) 2 bed/2 bath, (9) 1 bed/1 bath, and (2) studio units, this property generates strong rental income. Recent upgrades include a new roof and updated electrical panels. Plenty of onsite parking. Close to LAX, Freeways, and public transportation. With massive foot traffic, job creation, and year round event activity, this is a prime opportunity to own in a rapidly appreciating corridor that's becoming a premier entertainment and sports hub on the west coast. CONTACT LISTING AGENT FOR OFFERING MEMORANDUM OR DOWNLOAD FROM COSTAR/LOOPNET.
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 37
- Full Bathrooms: 37
Heating and Cooling
Land Info
- Lot Size Acres: 0.4233242
- Lot Size Source: Vendor Enhanced
- Lot Size Square Feet: 18440
Garage and Parking
- Garage Description: Carport, Covered Parking
Homeowners Association
- Association: No
- Calculated Total Monthly Association Fees: 0
Multi-Unit Info
- Number of Buildings: 1
- Number of Units: 22
- Unit Type: 0, 1, 2 beds
- Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 2, 1 SquareFeet: 2595, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 2095, 3 BathsTotal: 1, 3 SquareFeet: 1599
Rental Info
- Gross Scheduled Income: 471168
Other Property Info
- Source Listing Status: Active
- County: Los Angeles
- Cap Rate: 5
- Directions: northwest of century and prairie
- Source Property Type: Residential Income
- Area: South Inglewood
- Source Neighborhood: South Inglewood
- Parcel Number: 4024-016-027
- Zoning: INRM
- Source System Name: C2C
Commercial Info
- Net Operating Income: 274072
- Operating Expense: 197096
Building and Construction
- Total Square Feet Living: 18459
- Year Built: 1964
- Levels: Three Or More Levels
- Living Area Source: Vendor Enhanced
- Property Age: 61
- Levels or Stories: 3
- Year Built Source: Vendor Enhanced
Home Features
- Other Equipment: Microwave, Dishwasher, Refrigerator, Range/Oven, Water Purifier