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Glen Henderson

[email protected] +1(619) 889-7646

$1,295,000

Est. payment - /mo

6 Beds

5 Baths

3,974 SqFt

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UPDATED:

Key Details

Property Type Condo

Sub Type All Other Attached

Listing Status Active

Purchase Type For Sale

Square Footage 3,974 sqft

Price per Sqft $325

MLS Listing ID SB26201968

Bedrooms 6

Full Baths 5

Year Built 1964

Lot Size 5,873 Sqft

Property Sub-Type All Other Attached

Type of Financing Conventional

Property Type All Other Attached

Property Description

This four-unit multifamily property presents an attractive immediate value-add opportunity in a desirable pocket of Inglewood. Family owned and operated for the past 29 years, the property will allow new ownership to immediately renovate and reposition the units toward market rental rates. The unit mix consists of one 3-bedroom/2-bath townhome and three 1-bedroom/1-bath units. The property also presents a strong owner-user opportunity. As a four-unit property, the asset is subject to Inglewood's more favorable 24 unit rent increase regulations, allowing annual increases of 5% plus CPI, capped at 10%. The property also offers potential ADU upside for additional future income and appreciation. Buyer to verify. The property benefited from a comprehensive FAA-funded residential sound insulation retrofit approximately 25 years ago, including upgraded HVAC systems, electrical improvements, and noise-reducing windows and doors. Ideally located in Inglewood with a Walk Score of 87, the property provides convenient access to LAX, SoFi Stadium, Intuit Dome, Hollywood Park, major employment centers, retail, entertainment, and freeways. Offered at a 5.95% CAP rate on scheduled income, the property combines strong in-place income with immediate value-add potential, favorable vacancy, and long-term upside.

Location

State CA

County Los Angeles

Direction Near the intersection of Hillcrest & S Fir Ave

Interior

Fireplaces Type FP in Living Room

Fireplace No

Exterior

View Y/N Yes

Water Access Desc Public

Building

Story 2

Sewer Public Sewer

Water Public

Level or Stories 2

Others

Senior Community No

Tax ID 4020028018

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

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Listed by Brett Lyon, DRE#01717818 Lyon Stahl Investment Real Estate, Inc.
Co-listed byWoody Stahl • Lyon Stahl Investment Real Est

Nearby School & Business

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Glen Henderson

+1(619) 889-7646

Broker Associate CA BRE #01384181

San Diego Communities

145 W Hillcrest Inglewood, CA 90301

Glen Henderson

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

Get More Information