10329 S Inglewood Ave - Apartments FOR SALE


Inglewood, CA 90304
$1,675,000 USD
310-259-7556
10329 S Inglewood Ave, Inglewood, CA for Sale
$1,675,000 USD
Apartments - FOR SALE
1/17
null | 5.91% Cap Rate

10329 S Inglewood Ave
Inglewood, CA 90304


HIGHLIGHTS

  • Stunning 6 unit located near SoFi Stadium, Intuit Dome and Hollywood Park Development
  • Great low-maintenance, high cash flowing asset with upside once ADUs are built
  • Currently operating at a 5.91% cap and 11.41 GRM
  • 3/6 units have been extensively renovated
  • Parking on site and shared laundry room

OVERVIEW

Current 5.91% cap and 11.41 GRM with ADU opportunity! Once stabilized and ADUs are built out, the property will operate at a 9.18% cap and 7.95 GRM. 10329 S Inglewood Ave is a stunning asset and perfect for any investor looking to capitalize on the Inglewood market. Beautifully renovated 6 unit building located near SoFi Stadium, Intuit Dome and Hollywood Park Development. 3/6 units have gone extensive renovations including new floors, cabinets, fixtures, bathrooms and appliances. The subject property has been professionally managed and is a low-maintenance, high cash flowing asset. Inglewood Ave is currently operating at a 5.91% cap and 11.41 GRM with upside. Take advantage of 5.25% interest rate, fixed for 5 years with only 27% down! The property is comprised of (6) 2Bed+1Bath units with the opportunity to add (2) ADUs above the rear parking structure. Once the ADUs are constructed and the all units are rented at market, the property will operate at a 9.18% cap rate and 7.95 GRM. With a oversized lot and large carport, no parking will be taken away when the ADUs are constructed. There is plenty of parking on-site, as well as a laundry room. This is ideal for any investor looking for a low-maintenance, high cash flowing asset that still has room for additional income. With close proximity to SoFi, Intuit and Hollywood Park Development, 10329 S Inglewood Ave supports high rental income with even better upside and will appreciate greatly due to location.

FOR SALE DETAILS

PRICE

$1,675,000 USD

PRICE/SF

$394 USD /SF

# OF UNITS

6

PRICE/UNIT

$279,167

CAP RATE

5.91%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1952

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

C2YY

APN/PARCEL ID

4038-020-002

ASK ABOUT THIS PROPERTY

Cameron SamimiLyon Stahl Investment Real EstateMore Info
310-259-7556

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Cameron SamimiLyon Stahl Investment Real EstateMore Info
310-259-7556

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