936 N Inglewood Ave - Apartments FOR SALE


Inglewood, CA 90302
$1,450,000 USD
310-956-2291
936 N Inglewood Ave, Inglewood, CA for Sale
$1,450,000 USD
Apartments - FOR SALE
1/14
null | 3.35% Cap Rate

936 N Inglewood Ave
Inglewood, CA 90302


HIGHLIGHTS

  • Value-Add 7 Unit in Northwest Inglewood - Heavy value-add opportunity offered at an attractive cost basis.
  • Long Term Ownership - The property is available for the 1st time in over 50 years and offers great rental upside and future potential.
  • All MTM Tenants - The property is perfect for a seasoned investor that wants to buy in the supply constricted pocket of Inglewood
  • Large Lot with Good Parking - The opportunity sits on a large lot with ample parking and the potential to add ADUs (Buyer to verify).

OVERVIEW

John Katnik of BRC Advisors, as the exclusive listing advisor, is proud to present this 7-unit apartment in the highly desirable northwest Inglewood area! This property offers a unique opportunity to acquire the perfect value-add investment opportunity in the City of Champions! On the market for the first time in over 50 years, the offering features a total of 7 apartment units consisting of 4,651 total building square feet sitting on a large 12,480 square foot lot. The unit mix comprises of seven 1-bedroom/1-bathroom units. In the back, there are 2 single car garages, 5 carports and 3 open spaces. Electricity and gas are individually metered for each unit keeping utility costs relatively low. The garages could be converted into ADUs (buyer to confirm with city of Inglewood). All tenants are month to month at the property allowing for flexibility for a new owner. Sitting just south of Centinela Ave and west of La Brea Ave, this area of Inglewood is the most desirable pocket of the city. Single family homes north of Centinela sell for $1M+, making this opportunity highly attractive for long-term holders and value-add investors. Do not miss your opportunity to acquire this incredible property in the city of Inglewood!

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$248 USD /SF

# OF UNITS

7

PRICE/UNIT

$207,143

CAP RATE

3.35%

% 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

1940

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,480 SF

ZONING

INP1YY

APN/PARCEL ID

4017-008-003

ASK ABOUT THIS PROPERTY

John KatnikBRC Advisors - BH, Inc.More Info
310-956-2291

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John KatnikBRC Advisors - BH, Inc.More Info
310-956-2291

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