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Current 5.91% cap and 11.41 GRM with ADU opportunity! Oncestabilized and ADUs are built out, the property will operate ata 9.18% cap and 7.95 GRM. 10329 S Inglewood Ave is a stunningasset and perfect for any investor looking to capitalize on theInglewood market. Beautifully renovated 6 unit buildinglocated near SoFi Stadium, Intuit Dome and Hollywood ParkDevelopment. 3/6 units have gone extensive renovationsincluding new floors, cabinets, fixtures, bathrooms andappliances. The subject property has been professionallymanaged and is a low-maintenance, high cash flowing asset.Inglewood Ave is currently operating at a 5.91% cap and 11.41GRM with upside. Take advantage of 5.25% interest rate, fixedfor 5 years with only 27% down!The property is comprised of (6) 2Bed+1Bath units with theopportunity to add (2) ADUs above the rear parking structure.Once the ADUs are constructed and the all units are rented atmarket, the property will operate at a 9.18% cap rate and 7.95GRM. With a oversized lot and large carport, no parking will betaken away when the ADUs are constructed. There is plenty ofparking on-site, as well as a laundry room. This is ideal for anyinvestor looking for a low-maintenance, high cash flowingasset that still has room for additional income.With close proximity to SoFi, Intuit and Hollywood ParkDevelopment, 10329 S Inglewood Ave supports high rentalincome with even better upside and will appreciate greatlydue to location.
Property Type(s):
Residential Income
| Last Updated | 2/27/2025 | Year Built | 1952 |
|---|---|---|---|
| Community | Lennox | County | Los Angeles |
Additional Details
| AREA | Lennox |
|---|---|
| LOT | 8164 sq ft |
| LOT DESCRIPTION | 0-1 Unit/Acre |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| WATER | Public |
| ZONING | LCC2YY |
Location
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Listed with Lyon Stahl Investment Real Estate, Inc.
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