A Fixer upper of 5 unit Multifamily. ALL UNITS TO BE DELIVERED VACANT.PRICED TO SELL. EXCELLENT INVESTMENT!!! LOOK NO MORE.For more information please contact the listing agent, Armin Soleimani Cell: 310.666.2246 ArminSoleimani@gmail.com

Posted: 09/10/2020 3:55 pm | On HOMEiZ: 1326 days | Updated: 3 years ago | Views: 1245 | Saved to favorites: 3

Location Map

Property Type

Property status

Sold

Property Price

Asking Price

$1495000

Last Sold Price

$1495000

Last Sold Date

02/16/2021

Total Lot Size

5,999.00 Sq. Ft.

Asking Price per Sq. Ft.

$322

Total Building Size Sq. Ft.

4645

Commission Split %

Contact listing agent%

Cap Rate %

Gross Annual Income

Net Operating Income

$134550

Gross Rent Multiplier

8.80

Operating Expenses

Annual Property Tax Rate for this property

1.25%

Property tax total amount

$18688

Property Location & Description

Listing Headline

A Fixer upper of 5 unit Multifamily. ALL UNITS TO BE DELIVERED VACANT.PRICED TO SELL. EXCELLENT INVESTMENT!!! LOOK NO MORE.For more information please contact the listing agent, Armin Soleimani Cell: 310.666.2246 ArminSoleimani@gmail.com

Rent control

Rent Control

Property Description

A fixer upper. 5 units vacant.PRICED TO SELL. 100% Vacant 5-unit building + 2 potential ADU. Fixer with good bones in RED HOT INGLEWOOD! Huge upsides to 9% cap and 8 GRM after renovations. Excellent unit mix with the potential of splitting the larger front unit to an ADU (6th unit), and converting a portion of the garages to another ADU (7th unit)! Total sqft. (per assessors) is 4,645 sqft. situated on a 5,999 sqft. -lot, zoned INR3YY! Individually metered for Gas & Electricity and includes 6 Garages for all 5 units.

Location Description

The subject property is located in the City of Inglewood. The property is situated south of W. 108th Street, North of the 105 Freeway, West of S. Van Ness Avenue and East of Crenshaw Boulevard.Located in a big rental market! Centrally located near SoFi Stadium, The Forum, shopping, dining, Tesla/SpaceX & 105/405 Freeway access. Approx. within 5 miles from Los Angeles International Airport & Beach Cities!

No. of Units

Price per Unit

$299000

Units Mix

No.

Description

No. Units

Sq. Ft.

Avg. Mo. Rent

1+1

2+1

2+2

APN / Parcel ID

4029-008-020

Zoning

INR3YY

Occupancy %

Vacant

Yes

Construction Type

Wood & Stucco

No. Stories

Year Built

1956

Overall Property Condition

Fair

Highlights

ALL UNITS TO BE DELIVERED VACANT

STRONG RENTAL DEMAND MARKET

SEPARATELY METERED FOR GAS & ELECTRICITY

ON-SITE GARAGE PARKING

CLOSE PROXIMITY TO RAMS STADIUM & FORUM

6 garages for all 5 units

Property Information

Sewer

Type of Sewer

Sewer System (Public)

Parking

Parking type

Garage - Attached

Off-street

On-street

Assigned Parking

# of Covered Parkings

Investment Overview

Type of use

Investor

Energy Efficiency

Energy Star Certified

How old is you cooling and heating system?

No Data

Efficiency rating

N/A

R-value

N/A

Windows single-pane?

Natural daylight

Appliances energy efficient

Roof

Neighborhood lifestyle

Lifestyle

Urban Pioneer

More information

MLS URL of this listing to link to your own site or brokerage site

Not in MLS

Listing Info

Listing ID: 2426

Sold

For Sale

$1,495,000

Listing Presented by

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2333 West Imperial Highway . Inglewood , CA 90303