Seller's Agent in 2024
Austin Chen
Keller Williams Beverly Hills
(310) 432-6400
1 in this area
22 Total Sales
INVEST IN INGLEWOOD'S RENAISSANCE! We are pleased to present this 6-unit apartment building near the KIA Forum, SoFi Stadium, YouTube Theater, Hollywood Park, and the soon-to-be-completed Intuit Dome. Located in Inglewood's Art District, this property presents an excellent investment opportunity for new and experienced real estate investors and exchange buyers alike. Its convenient location in the heart of Inglewood's growth puts it in high demand, offering the potential for steadily increasing rental income and future appreciation. The building features a mix of one 3+2 unit and five 2+1 units, maximizing rental income. The property is well-maintained, with nearly 50% of the units being partially or fully renovated, and attracts a diverse tenant base and caters to a wide range of tenant preferences. Well-qualified buyers can take advantage of favorable financing terms with an assumable loan (approximate balance of $1.115M, fixed at 4.01% until January 2027), subject to lender fees and approval. Unit #4 is currently vacant, with a conservatively projected rent of $2,100 per month included in the provided rent roll. This represents an immediate opportunity to increase the property's cash flow upon acquisition. Annual parking income is $4,500 for 6+ spaces. Don't miss out on this exceptional investment opportunity in Inglewood's thriving market.
Last Agent to Sell the Property
Keller Williams Beverly Hills License #01898306 Listed on: 04/08/2024
Last Buyer's Agent
Yunus Hopkinson
Keller Williams Realty-Studio City License #02071440
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/05/2024 06/05/24 | Sold | $1,750,000 | -7.9% | $297 / Sq Ft |
| 04/11/2024 04/11/24 | Pending | -- | -- | -- |
| 04/08/2024 04/08/24 | For Sale | $1,900,000 | -- | $323 / Sq Ft |
Seller's Agent in 2024
Austin Chen
Keller Williams Beverly Hills
(310) 432-6400
1 in this area
22 Total Sales
Y
Buyer's Agent in 2024
Yunus Hopkinson
Keller Williams Realty-Studio City
Source: The MLS
MLS Number: 24-374545