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$ 1,645,000
Est. payment | /mo
4,886 SqFt
$ 1,645,000
Est. payment | /mo
4,886 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,886 sqft
Price per Sqft $336
MLS Listing ID CL26859139
HOA Y/N No
Year Built 1955
Lot Size 0.356 Acres
Acres 0.356
Property Sub-Type Other
Property Description
Outstanding North Inglewood Location: Well-positioned asset located 1.5 miles from SoFi Stadium and The Forum, and 2 miles from Intuit Dome. Single-Story Units on Large Lot: Six single-story units situated on a 15,508-SF lot. Exceptional ADU Opportunity: Large rear parking area presents the opportunity to add up to 6 ADUs or redevelop the property into an 11-unit apartment project (Buyer to Verify). Unit Composition: Outstanding unit mix with 3 of the units being recently renovated and a 3-bedroom unit which features a large private backyard and new washer/dryer hook-ups. Capital Improvements & Attractive Amenities: Property features a new roof, new electrical, updated electrical subpanels, individual hot water heaters, on-site laundry facility, new drought-tolerant landscaping, 6 garage spaces and a large rear parking area. Strong Cash Flow & Rental Upside: Offering a 6.76% current cap rate and 10.51 GRM with upside to an 8.43% pro-forma cap rate and 8.90 GRM, providing investors with both stable income and meaningful upside potential.
Location
State CA
County Los Angeles
Zoning INR3YY
Interior
Fireplace No
Laundry Laundry Room, Washer
Building
New Construction No
Others
Tax ID 4016016016
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Listed by Jonathan Nikfarjam • Shield CRE, Inc.
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