119 N Cedar Ave - Apartments FOR SALE


Inglewood, CA 90301
$1,799,000 USD
310-379-4444
119 N Cedar Ave, Inglewood, CA for Sale
$1,799,000 USD
Apartments - FOR SALE
1/23
null | 3.61% Cap Rate

119 N Cedar Ave
Inglewood, CA 90301


HIGHLIGHTS

  • Heavy rental upside
  • Huge, oversized units
  • Gated secure parking
  • Close to SoFi Stadium and LA Metro expansion

OVERVIEW

Legacy property, prized 7-unit apartment building in the bustling city of Inglewood. Owner by the same family for 45+ years. Located within steps to the LA Metro rail line expansion, and all the high-demand amenities that Inglewood offers. Close distance to SoFi Stadium, Kia Forum, Intuit Dome, Hollywood Park, and too much more to name. Huge units, with plenty of upside potential. Nearly 9000 sf total building size, with the 2 bedroom units ~1150 sf each, and 3 bedroom unit at over ~1600 sf. Rarely will you find an apartment building with such large units, and great unit mix. Long-term tenants in place. Gated parking area plus a garage. Some sources show 11,052 GBA, some show 8,945. Seller unaware of which is accurate. There are also discrepancies in bedroom/bathroom count. Buyer to verify all information contained herein.

FOR SALE DETAILS

PRICE

$1,799,000 USD

PRICE/SF

$201 USD /SF

# OF UNITS

7

PRICE/UNIT

$257,000

CAP RATE

3.61%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

INR4*

APN/PARCEL ID

4018-010-006

ASK ABOUT THIS PROPERTY

Rodman AmiriMerit Real EstateMore Info
310-379-4444

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Rodman AmiriMerit Real EstateMore Info
310-379-4444

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