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$1,400,000
Est. payment /mo
5 Beds
5 Baths
3,062 SqFt
UPDATED:
12/12/2024 02:13 AM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,062 sqft
Price per Sqft $457
MLS Listing ID 24447961
Bedrooms 5
HOA Y/N No
Year Built 1936
Lot Size 5,497 Sqft
Property Description
Attention Investors! This is your ideal opportunity for a 1031 exchange or to expand your growing portfolio with this beautifully remodeled duplex in the highly sought-after Morningside Park neighborhood. Only a stones throw from the vibrant Inglewood Industry home to Sofi Stadium, Intuit Dome, YouTube Theater, Kia Forum, the new Hollywood Park featuring retail shops, Cinepolis Luxury Cinemas, Casino, Public Parks, and a beautiful lake! Plus, you're only minutes from LAX. With these attractions so close, high tenant demand is guaranteed! But not too worry because this property is already a well oiled machine with both units fully occupied by reliable tenants paying market rents! It's ready to be the easiest addition to your portfolio. Completely restored over the last four years, it features new windows, copper plumbing, updated electrical, new HVAC system, new roof, drainage and new stamped concrete hardscape. Each unit is approximately 1,500SF+ and includes two spacious beds, 1.5 baths, and a flexible 3rd room ideal for an office, den, or gym! The living rooms offer large picture windows overlooking a tree-lined street, a fireplace and new flooring. Both the baths and kitchens boast designer tiles while the light filled kitchens are outfitted with luxury Samsung appliance set including dishwasher, refrigerator and range. Plus, a convenient side-by-side washer/dryer setup off each kitchen. Additionally there is a two year old gazebo and storage shed in the back. Located on a beautiful tree-lined street with majestic Chinese elms just off the coveted Circle Park, where residents enjoy scenic walks and outdoor workouts, this neighborhood and property's charm are hard to beat. The top unit is rented at $3000/month with 3 year term. *no dedicated parking but gas is included.* The downstairs unit has month to month tenanat at $3,500/mo. This unit includes off street driveway parking. *Tenant pays gas and electric.* Combined, the units generate $78,000/year in gross revenue. PLUS THERE IS MORE! A bonus unit in back delivered fully vacant! Stunning 1bed, 1 bath unit with AC. Features include new flooring, new cabinetry, luxury appliances and a small island in the kitchen and a private outdoor patio. It has been rented for the last year at $2,200/month but has the ability to garner even more income, offering even more cash flow potential!
Location
State CA
County Los Angeles
Area 101 - North Inglewood
Zoning INR2YY
Interior
Heating Central, Wall Furnace
Cooling Central Air
Fireplace No
Appliance Dishwasher, Disposal, Microwave, Refrigerator
Exterior
Parking Features Driveway
Building
Entry Level Two
Architectural Style Spanish
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4010031018
Special Listing Condition Standard
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Listed by Gia Casty • Compass
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HomeSmart Realty West
Broker | License ID: DRE#1905908
Broker License ID: DRE#1905908