112 S Eucalyptus Ave - Apartments FOR SALE


Inglewood, CA 90301
$1,895,000 USD
310-402-8958
112 S Eucalyptus Ave, Inglewood, CA for Sale
$1,895,000 USD
Apartments - FOR SALE
1/16
null | 7.5% Cap Rate

112 S Eucalyptus Ave
Inglewood, CA 90301


HIGHLIGHTS

  • (1) 1+1, (1) 2+1 SFR, & (8) Singles
  • Current 7.5% Cap Rate | 10.05x GRM
  • Excellent Cash-Flow Investment: $15,720/ Month
  • Approximately 25% Upside Potential In Current Rents
  • Three (3) Separate Structures
  • Close Proximity To Cafes, Restaurants, and Schools

OVERVIEW

The Davis Saadian Group is pleased to offer the opportunity to acquire this ten (10) unit multifamily investment opportunity located in the heart of Inglewood. This investment was constructed of wood frame and stucco on a raised foundation built in 1910 with a square footage of 2,678 on a 8,005-square foot lot. The building has been reinforced and upgraded in compliance with the latest city codes and regulations, and is comprised of a remarkable unit mix, consisting of eight (8) studio units, one (1) 2+1 single family residence, and one (1) 1+1 unit. The investment is 100% occupied with a gross income of $15,720/month. There’s approximately 25% potential upside in rents, which an investor can achieve closer to about $19,500/month. The investment is currently priced at a 7.25% Cap Rate & 10x GRM. Excellent cash-flow opportunity. PLEASE NOTE THE FOLLOWING: 1) DO NOT DISTURB THE TENANTS. 2) Submit Offer on a CAR Residential-Income Purchase Agreement. 3) Interior Inspection/Books & Records Granted with an Accepted Offer. 4) Submit Proof of Funds & Pre-Qualification Letter with Offer. 5) Seller Selects all Services. Disclaimer: All information has been secured from sources we believe to be reliable. However, we make no representation or warranties, expressed or implied, as to the accuracy of the information provided, including square footage, lot size, permitted or un-permitted spaces, and/or bedroom/bathroom count. Buyer is advised to independently verify the accuracy of this information through personal inspections and/or with appropriate professionals. Buyer bears all risk for any inaccuracies.

FOR SALE DETAILS

PRICE

$1,895,000 USD

PRICE/SF

$708 USD /SF

# OF UNITS

20

PRICE/UNIT

$94,750

CAP RATE

7.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1910

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

R4, Inglewood

APN/PARCEL ID

4020-018-023

ASK ABOUT THIS PROPERTY

Davis SaadianDavis Saadian GroupMore Info
310-402-8958

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Davis SaadianDavis Saadian GroupMore Info
310-402-8958

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