925 N Eucalyptus Ave - Apartments FOR SALE


Inglewood, CA 90302
$4,100,000 USD
424-600-7633
925 N Eucalyptus Ave, Inglewood, CA for Sale
$4,100,000 USD
Apartments - FOR SALE
1/19
null | Request Cap Rate

925 N Eucalyptus Ave
Inglewood, CA 90302


HIGHLIGHTS

  • Refer to Offering Memorandum for Financial Information.
  • Add 4 to 8 ADUs on Oversized Lot
  • 130 Ft of Frontage & 250 Ft Deep
  • 4 units can be delivered vacant
  • Quiet Residential Area
  • Walker’s Paradise per Walk Score - Short walk to Supermarket and Shops

OVERVIEW

PartnersCRE is proud to exclusively list for sale a rare, covered land play opportunity in NW Inglewood - the potential play is to rehab the existing 12 units and utilize SB1211 to add new ADUs. The large INR3 lot is over 32K SF and has 130 SF of frontage on N. Eucalyptus Ave. - which is a quiet residential street in Inglewood. The property is a short walk to the La Brea & Centinela intersection which has major retailers like Ralphs, Starbucks and 7-Eleven. Walk Score considers this property as Walker's Paradise. The existing property spans 6 structures totaling of 8,572 SF, spread out over the 12 existing units. The front and middle structures (four total) are one-story bungalow-style duplexes. The back two structures consist of two-story duplexes over tuck-under garages. Four units can potentially be delivered vacant, allowing your construction crew to get started right away with the rehab project! The property is in a dense area with over 42,000 residents in a one-mile radius, with an average household income close to $90,000 within that radius. Inglewood, being a smaller municipality surrounded by Los Angeles, is currently going through a renaissance, and will soon be connected by Light-Rail to the rest of the region, including LAX. The City of Inglewood has become a major hub for professional sports and entertainment since the opening of SoFi Stadium and the Intuit Dome, and the revamping of Kia Forum - all of these venues are a short drive from the property. The property also has easy access to the 405 freeway & LAX. Please refer to Offering Memorandum for Financial Information.

FOR SALE DETAILS

PRICE

$4,100,000 USD

PRICE/SF

$478 USD /SF

# OF UNITS

12

PRICE/UNIT

$341,667

CAP RATE

Request Cap Rate

% LEASED

67%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

12 Units w/room for ADUs - Inglewood

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1946

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,535 SF

ZONING

INR3

APN/PARCEL ID

4017-008-023

ASK ABOUT THIS PROPERTY

Dario SvidlerPartners CRE - KWBHMore Info
424-600-7633

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Dario SvidlerPartners CRE - KWBHMore Info
424-600-7633

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