4236 W 102nd Street, Inglewood, CA 90304 (MLS # SB21078942)

Save to Favorites
Print
Share
PRICE $650,000 dsIDX morgage calculator
BEDS 0
BATHS 0
HOME SIZE n/a
LOT SIZE 5,663 sqft

We are pleased to present this Incredibly Rare Opportunity to purchase (3) Units in Inglewood, CA at under $220,000/Unit. With Direct Reference to the MLS, the Year 2021 has seen NO Triplexes in ALL of Inglewood that have either sold, or have been offered for sale, at any price under $240,000/Unit. This - coupled with the fact that the property is located within a half mile of SoFi Stadium, the Hollywood Park Development, and ALL the expansive development therein – should be a strong indicator of the immense value that’s be presented in this offering. In addition to its location, there are ample items to appreciate about the building itself. First, the building boasts a strong Unit Mix of (1) 2 Bed/1 Bath Unit, (1) 1 Bed/1 Bath, and (1) Studio. The 1 Bed/1 Bath unit has recently undergone considerable renovation, and is currently being rented at $1,575/mo. In all, the property is currently operating at a CAP Rate of 3.50%, with significant upside that represents a Pro Forma CAP Rate of 7.50%. From a Value Add Perspective, you will find there to be anywhere from 60%-80% of achievable upside in the Current, In Place Rents. This figure is supported – in large part – by the simple fact that this extraordinary amount of new development is, without question, poised to drive continued rent growth within the submarket in both the Immediate, and Long-Term Forecasts. Further, all (3) Units are Separately Metered for Gas & Electricity, and each is afforded (1) On-Site Parking Space. In total, the (3) Units stretch out to cover 1,510 RSF and sit on 5,818 SF of Highly-Coveted Land. The property is Fully Occupied and will be Delivered As-Is at the Close of Escrow.

DAYS ON MARKET 23 LAST UPDATED 5/3/2021
YEAR BUILT 1933 COMMUNITY 102 - South Inglewood
COUNTY Los Angeles STATUS Pending
PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AIR None
AREA 102 - South Inglewood
GARAGE Driveway, One Space, Paved
HEAT None
HOA DUES 0
LOT 5663 sq ft
LOT DESCRIPTION 0-1 Unit/Acre
PARKING Driveway,Paved,One Space
POOL DESCRIPTION None
SEWER Public Sewer
STORIES 1
UTILITIES None
VIEW DESCRIPTION None
WATER Public
ZONING INR2YY
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

0
P
I
*Estimate only

SATELLITE VIEW



 
CONTACT US ABOUT 4236 W 102ND STREET
 / 
We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Jane Peters to contact you even if your name is on a Federal or State "Do not call List".

Listing provided by : Joshua Barut CalDRE: 01971720, Lyon Stahl Investment Real Estate, Inc.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of 5/6/21 5:53 PM PDT and /or other sources. 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

This IDX solution is (c) Diverse Solutions 2021.

Scroll to Top