1118 E FAIRVIEW BLVD, Inglewood, CA 90302 | Off-market

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Off-Market Call for Pricing

Call for Pricing
  • (0)
  • 20 Units
  • 12,845 Sq Ft
  • 30,350 Sq Ft
  • % Cap Rate

Description

Unique property and amazing potential providing once in a life time opportunity to own this 20 unit building on a 30,000+ SF Lot on 4 Separate Parcels! (APN#s 4013-002-001 & 002 & 003 & 005). Situated on a corner, ideal for development w/ access from Fairview & Hyde Park Bl. Current R3 zoning may allow 27 units(buyer to verify). Long term owners' current below market rents provide about 20% upside to the new owner creating high cash flow and equity growth ! Well Maintained Non Rent Control Asset. Bungalow style units have Front & Rear Access with garden/open yard. Units individually metered for gas, electric & water heater. Amenities include Owner owned Coin operated laundry room, central courtyard & Ample on-site parking. Fairview Hgts Metro Station (Crenshaw/LAX line) when completed will be only few blocks away.Inglewood is "hot" area with proposed 238 Ac Hollywd Park development project w/ stadium, Retail & Restaurant Buildings. Make offer subject to Inspection.DO NOT DISTURB TENANT

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Owner

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Amenities

Garage
Outdoor Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Open Floorplan
Great Views
Natural Light
Quiet
Elevator
Balcony
Guest Unit(s)
Furnishings

Income

Rental Units


The income description goes here to explain

Expenses

Property Details

List Price $3,100,000
Property Type Multi-Family
Usable Sqft 12,845
Number of Stories 1
Parking Spots 0
Year Built 1944
Last Sold February 18, 2016
Sold Price 3,100,000
APN # Unknown
MLS # 15957421
Property ID 1353414
Lot Sqft 30,350
Zoning INR3YY
Total Units 20
Date Updated May 19, 2018
Date Created November 09, 2015
Unit # Beds Baths Current Rent Proforma Rent
Unit #1 1 1.0 $912 $22,000

Listing Provided By

Anoop Garg an agent of The Real Estate Consult. Wstsd. Lic #01481925


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© 2021 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of March 7, 2018 4:38 PM PT The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.



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