10211-10215 England Ave - Apartments FOR SALE


Inglewood, CA 90303
$2,100,000 USD
818-212-2694
10211-10215 England Ave, Inglewood, CA for Sale
$2,100,000 USD
Apartments - FOR SALE
1/15
null | 5.33% Cap Rate

10211-10215 England Ave
Inglewood, CA 90303


HIGHLIGHTS

  • Strategically located in a booming Inglewood market
  • Located within the Village Specific Plan and is zoned R3-V, which allows for medium density multifamily redevelopment
  • Qualifies for residential financing
  • Allows for annual rental increases of 5%+CPI
  • Updated electrical system
  • All units feature private yard or patios, central A/C & heating, and washer/dryer hookups in select units

OVERVIEW

ALL OFFERS DUE ON 2/24/2025. The SK Group of Marcus & Millichap is proud to present 10211 & 10215 England Ave, a prime 8-unit investment opportunity in The Village neighborhood of Inglewood, formerly known as Darby-Dixon. This offering consists of two adjacent parcels totaling 13,260 square feet of land. Each parcel has a 4-unit structure totaling 6,140 square feet of rentable space. The properties can be sold together or separately, offering flexibility for investors to obtain either residential or commercial financing. Built in 1955 and 1958, both properties feature all 1-bedroom/1-bathroom units, averaging roughly 705 square feet. Each property will be delivered with two vacant units, presenting an immediate value-add opportunity through interior and exterior = renovations. The remaining occupied units are leased to reliable Section 8 tenants averaging $1,545 a month in rents, ensuring stable income. Pursuant to Inglewood’s rent control ordinance, both properties allow annual rental increases of 5% + CPI. 10211 & 10215 England Ave share a common secure gated access in the front and rear of the properties. Tenants benefit from (8) private one-car garages with alley access, which a future investor might explore converting into potential ADUs (Buyers to conduct their own research). The units are individually metered for gas and electricity, with each unit featuring its own newer water heater, closet furnace, central air cooling, and newer doors and windows to enhance energy efficiency and tenant comfort. All six ground-floor units come with a private front yard and the two second-story units have private patios. ALL OFFERS DUE BY 2/24/25

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$342 USD /SF

# OF UNITS

8

PRICE/UNIT

$262,500

CAP RATE

5.33%

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1958

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,260 SF

ZONING

R3-V

APN/PARCEL ID

4030-005-029,4030-005-030

ASK ABOUT THIS PROPERTY

Sevak KeshishianThe SK Group of Marcus & MillichapMore Info
818-212-2694

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Sevak KeshishianThe SK Group of Marcus & MillichapMore Info
818-212-2694

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.