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713 Edgewood St

Inglewood, CA 90302
  • $2,700,000
  • STATUS: Active
  • ON SITE: 5 Days
  • MLS #: 22-156261
New On Site 5 Days Ago
UPDATED: 26 min ago
$2,700,000
  • 10
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,220
    SQFT
  • $434
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1972
County:

School Ratings & Info

Description

Matthews is pleased to present 713 Edgewood Street, an 8-unit apartment building located in prime Inglewood, one of the hottest up-and-coming markets in Los Angeles. The property was built in 1972 and is comprised of (6) one bed, one bath units and (2) two bed, one bath units. The property sits on a huge lot, nearly 9,000 square feet, and is zoned R3. Both of the two-bedroom units have spacious balconies. Additionally, Unit #1 has a balcony and Unit #5 has a large private patio. Significant capital improvements have gone into the building, including new mainline sewer pipes, updated electrical components, and extensive interior renovations in 4 out of the 8 units. These tasteful renovations included new flooring, new kitchen/bathroom cabinets & fixtures, new stainless-steel appliances, bathroom tiling, recessed lighting, as well as new blinds and fans. The property also features 8 parking spaces and a community laundry area for additional income. Additionally, all tenants are up-to-date on rent at this time. Located just 2.5 miles from massive developments like the new SoFi Stadium and Intuit Dome NBA Arena, 713 Edgewood offers investors a rare opportunity to acquire a value-add multifamily asset in one of the most opportunistic pockets of LA.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-18T22:43:09.05. 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/128655209
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713 Edgewood St Inglewood, CA 90302

  • Price: $2,700,000
  • Status: Active
  • On Site: 5 Days
  • Updated: 26 min ago
  • MLS #: 22-156261
10
Beds
0
Baths
0
½ Baths
0.2
Acres
6,220
SQFT
$434
$/SQFT
1972
Built
Neighborhood:
North Inglewood
County:
Los Angeles
Area:
North Inglewood
Property Description
Matthews is pleased to present 713 Edgewood Street, an 8-unit apartment building located in prime Inglewood, one of the hottest up-and-coming markets in Los Angeles. The property was built in 1972 and is comprised of (6) one bed, one bath units and (2) two bed, one bath units. The property sits on a huge lot, nearly 9,000 square feet, and is zoned R3. Both of the two-bedroom units have spacious balconies. Additionally, Unit #1 has a balcony and Unit #5 has a large private patio. Significant capital improvements have gone into the building, including new mainline sewer pipes, updated electrical components, and extensive interior renovations in 4 out of the 8 units. These tasteful renovations included new flooring, new kitchen/bathroom cabinets & fixtures, new stainless-steel appliances, bathroom tiling, recessed lighting, as well as new blinds and fans. The property also features 8 parking spaces and a community laundry area for additional income. Additionally, all tenants are up-to-date on rent at this time. Located just 2.5 miles from massive developments like the new SoFi Stadium and Intuit Dome NBA Arena, 713 Edgewood offers investors a rare opportunity to acquire a value-add multifamily asset in one of the most opportunistic pockets of LA.
Exterior Features

Lot Size Area 8915 Other Structures None Parking Garage Covered Parking Pool Description None Pool YN No Spa None Spa YN No Style Mid-Century Tennis Court None Tennis YN No Total Parking 8

Interior Features

Baths Total 8.00 Cooling None Equipment DishwasherRefrigeratorRange/Oven Heating Electric Laundry Community

Property Features

Assessed Total Value 1944680 Gross Income 159983 Gross Operating Income 157463 Like Units1 6 Like Units2 2 Net Operating Income 98149.00 Number Of Buildings 1 Number Of Units 8 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 59314 Type Of Units 8 Year Built Source Vendor Enhanced Zoning Inr3*

Listing provided courtesy of Daniel Withers DRE#01325901 of Matthews Real Estate Investment Services.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-18T22:43:09.05. 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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