UPDATED:
12/28/2024 02:35 AM
Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID SB24166123
HOA Y/N No
Year Built 1949
Lot Size 9,692 Sqft
Property Description
This property features two well-maintained buildings. The front two-story building offers four units, while the back building has two units situated above large garages, plus a standalone oversized garage & a sunny, spacious courtyard. There is also potential for an ADU garage conversion (buyer to verify with the city). The property includes updated windows, new A/C units, and several units equipped with their own washers and dryers. Each unit is separately metered for gas, water, and electricity, with all utilities paid by the tenants.
Conveniently located just blocks from the new SoFi Stadium, the LA Clippers' Intuit Dome, and the expansive Hollywood Park Development—which features 500,000 square feet of retail space, a 300-room hotel, 314 residential units, and abundant office space—this property is at the heart of Inglewood's vibrant growth. Additional nearby developments include the Arya Hotel, the Inglewood Transit Connector, the Market Street Revitalization, Manchester Square Redevelopment, Inglewood One, and the LAX Airport Metro Connector.
With a walk score of 71, recent rent increases, low operating expenses, and long-term, low-maintenance tenants, this property is a rare find in an area with immense potential. Don't miss your chance—make an offer and secure your investment now!
Location
State CA
County Los Angeles
Area 105 - Lennox
Zoning LCC2YY
Interior
Cooling Central Air
Fireplaces Type None
Fireplace No
Laundry Washer Hookup, Gas Dryer Hookup
Exterior
Garage Spaces 6.0
Garage Description 6.0
Pool None
Community Features Street Lights, Sidewalks, Urban
Total Parking Spaces 6
Private Pool No
Building
Lot Description 6-10 Units/Acre, Street Level
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 4039031010
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Special Listing Condition Standard
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HomeSmart Realty West
Broker | License ID: DRE#1905908
Broker License ID: DRE#1905908