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10329 S Inglewood AVE Inglewood, CA 90304
8,163 Sqft Lot
UPDATED:
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25042712
HOA Y/N No
Year Built 1952
Lot Size 8,163 Sqft
Property Sub-Type Apartment
Property Description
Current 5.91% cap and 11.41 GRM with ADU opportunity! Once
stabilized and ADUs are built out, the property will operate at
a 9.18% cap and 7.95 GRM. 10329 S Inglewood Ave is a stunning
asset and perfect for any investor looking to capitalize on the
Inglewood market. Beautifully renovated 6 unit building
located near SoFi Stadium, Intuit Dome and Hollywood Park
Development. 3/6 units have gone extensive renovations
including new floors, cabinets, fixtures, bathrooms and
appliances. The subject property has been professionally
managed and is a low-maintenance, high cash flowing asset.
Inglewood Ave is currently operating at a 5.91% cap and 11.41
GRM with upside. Take advantage of 5.25% interest rate, fixed
for 5 years with only 27% down!
The property is comprised of (6) 2Bed+1Bath units with the
opportunity to add (2) ADUs above the rear parking structure.
Once the ADUs are constructed and the all units are rented at
market, the property will operate at a 9.18% cap rate and 7.95
GRM. With a oversized lot and large carport, no parking will be
taken away when the ADUs are constructed. There is plenty of
parking on-site, as well as a laundry room. This is ideal for any
investor looking for a low-maintenance, high cash flowing
asset that still has room for additional income.
With close proximity to SoFi, Intuit and Hollywood Park
Development, 10329 S Inglewood Ave supports high rental
income with even better upside and will appreciate greatly
due to location.
stabilized and ADUs are built out, the property will operate at
a 9.18% cap and 7.95 GRM. 10329 S Inglewood Ave is a stunning
asset and perfect for any investor looking to capitalize on the
Inglewood market. Beautifully renovated 6 unit building
located near SoFi Stadium, Intuit Dome and Hollywood Park
Development. 3/6 units have gone extensive renovations
including new floors, cabinets, fixtures, bathrooms and
appliances. The subject property has been professionally
managed and is a low-maintenance, high cash flowing asset.
Inglewood Ave is currently operating at a 5.91% cap and 11.41
GRM with upside. Take advantage of 5.25% interest rate, fixed
for 5 years with only 27% down!
The property is comprised of (6) 2Bed+1Bath units with the
opportunity to add (2) ADUs above the rear parking structure.
Once the ADUs are constructed and the all units are rented at
market, the property will operate at a 9.18% cap rate and 7.95
GRM. With a oversized lot and large carport, no parking will be
taken away when the ADUs are constructed. There is plenty of
parking on-site, as well as a laundry room. This is ideal for any
investor looking for a low-maintenance, high cash flowing
asset that still has room for additional income.
With close proximity to SoFi, Intuit and Hollywood Park
Development, 10329 S Inglewood Ave supports high rental
income with even better upside and will appreciate greatly
due to location.
Location
State CA
County Los Angeles
Area 105 - Lennox
Zoning LCC2YY
Interior
Fireplace No
Laundry Common Area
Exterior
Pool None
Community Features Urban
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4038020002
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Special Listing Condition Standard
Listed by Cameron Samimi • Lyon Stahl Investment Real Estate, Inc. • 310-259-7556