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The offering is a unique opportunity to acquire 28 units with an excellent mix including (1) 3 Bed / 2 Bath, (13) 2 Bed / 2 Bath, (10) 1 Bed / 1 Bath, and (4) Single / 1 Bath units. The building is performing well with a solid in place cash flow providing an investor with a stable asset in a location that continues to see tremendous growth. The property benefits from it's location being outside of the city of Los Angeles and is under AB1482 rent control allowing for an investor to keep up with the steady rent growth in the area. The building will be delivered with a vacant 3 Bed / 2 Bath. The building provides plenty of amenities for tenants including secure entry to the gated well landscaped courtyard. The building is very well parked with 28 spaces that are secured through a remote entry gate. Additionally each unit features a patio or balcony and is spacious with the 28 units being spread out across 23,555 square feet.
Last Updated | 5/15/2024 | Year Built | 1961 |
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Community | South Inglewood | County | Los Angeles |
Additional Details
AIR | Wall/Window Unit(s) |
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AIR CONDITIONING | Yes |
APPLIANCES | Oven, Range |
AREA | South Inglewood |
BUYER'S BROKERAGE COMPENSATION | |
GARAGE | Carport |
HEAT | Wall Furnace |
LOT | 0.7 acre(s) |
PARKING | Carport |
POOL DESCRIPTION | None |
SEWER | Other |
STORIES | 2 |
VIEW | Yes |
VIEW DESCRIPTION | City Lights |
ZONING | INM1L* |
Location
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