Property Description
We are pleased to offer the opportunity to acquire this ten (10) unit multifamily investment opportunity located in the heart of Inglewood. This investment was constructed of wood frame and stucco on a raised foundation built in 1910 with a square footage of 2,678 on am expansive 8,005-square foot lot. The building has been reinforced and upgraded in compliance with the latest city codes and regulations, and is comprised of a remarkable unit mix, consisting of eight (8) studio units, one (1) 2+1 single family residence, and one (1) 1+1 unit. The investment is 100% occupied with a gross income of $16,010/month. There's approximately 25% potential upside in rents, which an investor can achieve closer to about $19,500/month. The investment is currently priced at an 8.5% Cap Rate & 9.3x GRM. Excellent cash-flow investment opportunity. Please email for the Executive Summary/ Financial Analysis.
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“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”
TurboHome Fair Market Estimate
TurboHome Savings
$30,915
TurboHome Estimated Value
$1,928,000
$720 sqft
High Valuation
$2,024,400
$756/sqft
Normal Valuation
$1,928,000
$720/sqft
Low Valuation
$1,831,600
$684/sqft
3rd Party Estimates
Source | $/sqft | Valuation |
---|---|---|
HouseCanary | $720/sqft | $1,928,000 |
Get a detailed valuation report, schedule a tour or make an offer!
“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”
Location
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No comparable properties found in this area.
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