8500 Byrd Ave - Apartments FOR SALE


Inglewood, CA 90305
$2,600,000 USD
310-344-8218
8500 Byrd Ave, Inglewood, CA for Sale
$2,600,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

8500 Byrd Ave
Inglewood, CA 90305


HIGHLIGHTS

  • ALMOST $300,000 OF RECENT UPGRADES! 
  • MASSIVE 60% UPSIDE IN RENT due to nothing more than organic turnover. 
  • NEW Central A/C, NEW Electrical Main Panel and Subpanels, NEW Dual­Pane Windows, NEW Front Doors and reinforced insulation.
  • THE RESIDENTIAL SOUND INSULATION PROGRAM.

OVERVIEW

ALMOST $300,000 OF RECENT UPGRADES!  THE RESIDENTIAL SOUND INSULATION PROGRAM. A very special city­subsidized, improvement program afforded to apartment owners in Playa del Rey, El Segundo and Inglewood, due to proximity to LAX - LAX is one of LA's largest, tried-and-true renting bases. And Inglewood is one of Greater LA's most dynamic investment markets thanks to SoFi, The Forum, and the new Intuit Dome.  NEW Central A/C, NEW Electrical Main Panel and Subpanels, NEW Dual­Pane Windows, NEW Front Doors and reinforced insulation.  One of Inglewood's nicer, mid-century apartment buildings, in one of North Inglewood's nicer, residential submarkets, lined with single family homes.  Out-of-area, self-management by the Owner often means rents haven't been pushed over the years. Such is the case here. MASSIVE 60% UPSIDE IN RENT due to nothing more than organic turnover.  An 'easy', pride-of-ownership asset that you'll be proud to own for many years. Exclusively listed at $2,600,000.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$300 USD /SF

# OF UNITS

9

PRICE/UNIT

$288,889

CAP RATE

Request Cap Rate

% 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

1951

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,372 SF

ZONING

R3, Inglewood

APN/PARCEL ID

4010-029-015

ASK ABOUT THIS PROPERTY

310-344-8218

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310-344-8218

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