For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $1,165,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,474 sqft
Price per Sqft $335
MLS Listing ID 22210643
Sold Date 12/28/22
Bedrooms 7
HOA Y/N No
Year Built 1955
Lot Size 9,530 Sqft
Property Description
Located on Inglewood Avenue, West of Hawthorne Boulevard | Less Than 3.5 Miles from the Beach & the Manhattan Beach Pier | Tremendous Value-Add Opportunity | Approximately 77% in Rental Upside - 7.24% Pro-Forma Cap Rate & 10.01 Pro-Forma GRM | (One) 2-Bedroom/1-Bathroom Unit, (Five) 1-Bedroom/1-Bathrooms Units, & (One) Office | Office Provides Desirable Owner-User Opportunity or Opportunity to Use Office as Property Management Office | Billboard Generates $3,100 in Annual Additional Income, Current Lease Runs Until 2025 | Six Garages + 4 Surface Parking Spaces | Garages Generate $7,200 in Annual Additional Income | No Local Rent Control - Defaults to AB 1482 | All Units Qualify for Immediate 10% Rent Increase | Each Unit Contains Individual Hot Water Heaters | Large 9,531-Square Foot Corner Lot | Zoned HACMYY Presents Significant Redevelopment Potential | 1 Mile from El Segundo and Manhattan Beach, 2.5 Miles from SpaceX Headquarters, & 3.5 Miles from SoFi Stadium | Strong Neighboring Employment: Space X, Tesla, Intuit Dome (NBA Clippers Arena), LAX Airport, & Aerospace Defense Companies
Location
State CA
County Los Angeles
Area 109 - Ramona/Burleigh
Zoning HACMYY
Interior
Fireplace No
Exterior
Parking Features Garage
Garage Spaces 6.0
Garage Description 6.0
Total Parking Spaces 10
Building
Story 1
New Construction No
Others
Senior Community No
Tax ID 4043028001
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Jonathan Nikfarjam • Shield CRE, Inc.