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118 N Inglewood Ave

Inglewood, CA 90301
  • $1,199,000
  • STATUS: Active
  • ON SITE: 41 Days
  • MLS #: 21-795924
$1,199,000
  • 5
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,228
    SQFT
  • $976
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1902
County:

School Ratings & Info

Description

Have you been looking for the right investment property to claim your stake in the high growth city of Inglewood? This triplex is in a prime location conveniently located approx. two miles west of the new stadium, one mile west of the Metro K Line Downtown Inglewood station, and blocks away from popular food attractions. This triplex consists of one 3 bed / 1 bath unit (tenant occupied), and two 1 bed / 1 bath units, one of which will be sold vacant. All of the units are separately metered for gas and electricity. The roof was recently replaced. Leasing the vacant unit will increase the estimated cap rate to 3.24%. Increasing the rents of the other units will increase the estimated cap rate to 5.06%. PLEASE DO NOT DISTURB TENANTS. We kindly ask that you do not walk the property. The property will be shown with an accepted offer.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-11-28T23:42:23.103. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.searchdesertrealestate.com/homes/122532802
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118 N Inglewood Ave Inglewood, CA 90301

  • Price: $1,199,000
  • Status: Active
  • On Site: 41 Days
  • MLS #: 21-795924
5
Beds
0
Baths
0
½ Baths
0.17
Acres
1,228
SQFT
$976
$/SQFT
1902
Built
Neighborhood:
North Inglewood
County:
Los Angeles
Area:
North Inglewood
Property Description
Have you been looking for the right investment property to claim your stake in the high growth city of Inglewood? This triplex is in a prime location conveniently located approx. two miles west of the new stadium, one mile west of the Metro K Line Downtown Inglewood station, and blocks away from popular food attractions. This triplex consists of one 3 bed / 1 bath unit (tenant occupied), and two 1 bed / 1 bath units, one of which will be sold vacant. All of the units are separately metered for gas and electricity. The roof was recently replaced. Leasing the vacant unit will increase the estimated cap rate to 3.24%. Increasing the rents of the other units will increase the estimated cap rate to 5.06%. PLEASE DO NOT DISTURB TENANTS. We kindly ask that you do not walk the property. The property will be shown with an accepted offer.
Exterior Features

Direction Faces West Garage Structures Total 1 Levels Ground Level Lot Description YardFront YardWalk Street Lot Size Area 7203 Other Structures None Parking Garage Garage Style Traditional Total Parking 3 View Description Walk Street View YN Yes Water Frontage None

Interior Features

Baths Total 3.00 Common Walls Attached Cooling None Equipment WasherRange/Oven Flooring Carpet Heating Wall

Property Features

Alley YN No Amenities None Assessed Total Value 84411 Gardener Expense 1200.00 Gross Income 35760 Gross Operating Income 35760 Insurance Expense 1929.00 Like Units1 1 Like Units2 1 Like Units3 1 Net Operating Income 25848.00 Number Of Buildings 1 Number Of Units 3 Owner Pays WaterGardener Rent Control YN Yes Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 9912 Type Of Units 3 Water Expense 1620.00 Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Inr4*

Listing provided courtesy of Aaron Grate DRE#01496293 of Grate Real Estate.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-11-28T23:42:23.103. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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