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PRIME NW Inglewood Location. 8 unit apartment complex with recently upgraded Electrical panels and Roof (approx 10 yrs old). Great unit mix with a mix of Large one Bedrooms and Two Bedrooms. Price to Sell with a potential 6%+ Cap. Long Term tenants with significant upside in rents (Rent Roll attached). City of Inglewood allows a generous annual rent increase of 8.9% when rents are below their 80% FMR (Fair Market Value) which applies to all of the residents. Low Cost of operations as each tenant pays their own Hot Water with individual Hot Water Heaters in each unit. Tenants also benefit from a Gas servicing each unit (as with individual meters). Common area laundry on site. Parking area consists of Open Spaces (3), Carports (3), a 2 car enclosed garage plus and additional single enclosed garage.Amazing street presence. Pride of Ownership asset. Seller (and partners) has owned this asset for 24+ years and is retiring / dissolving the partnership. No Seller carrybacks of financing offers are considered.
Property Type(s):
Residential Income
| Last Updated | 11/18/2024 | Year Built | 1953 |
|---|---|---|---|
| Community | North Inglewood | Garage Spaces | 3.0 |
| County | Los Angeles |
Additional Details
| AREA | North Inglewood |
|---|---|
| GARAGE | Yes |
| LOT | 9645 sq ft |
| LOT DESCRIPTION | 0-1 Unit/Acre |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| ZONING | INR3YY |
Location
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Listed with The Holstein Group
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