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$1,645,000
Est. payment /mo
9 Beds
6 Baths
4,886 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 4,886 sqft
Price per Sqft $336
MLS Listing ID 26859139
Bedrooms 9
HOA Y/N No
Year Built 1955
Lot Size 0.356 Acres
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
Area 101 - North Inglewood
Zoning INR3YY
Interior
Fireplace No
Appliance Washer
Laundry Laundry Room
Exterior
Parking Features Covered, Garage, Uncovered
Garage Spaces 6.0
Garage Description 6.0
Total Parking Spaces 6
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 4016016016
Special Listing Condition Standard
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Listed by Jonathan Nikfarjam Shield CRE, Inc. #01856803
NEARBY SCHOOL & BUSINESS
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