Pending
712 W Beach Ave
Inglewood CA, 90302
$1,900,000
$322.53 per sqft
Pending
13 Beds
5,891 sqft
Residential
Built in 1960
INVEST IN INGLEWOOD'S RENAISSANCE! We are pleased to present this 6-unit apartment building near the KIA Forum, SoFi Stadium, YouTube Theater, Hollywood Park, and the soon-to-be-completed Intuit Dome. Located in Inglewood's Art District, this property presents an excellent investment opportunity for new and experienced real estate investors and exchange buyers alike. Its convenient location in the heart of Inglewood's growth puts it in high demand, offering the potential for steadily increasing rental income and future appreciation. The building features a mix of one 3+2 unit and five 2+1 units, maximizing rental income. The property is well-maintained, with nearly 50% of the units being partially or fully renovated, and attracts a diverse tenant base and caters to a wide range of tenant preferences. Well-qualified buyers can take advantage of favorable financing terms with an assumable loan (approximate balance of $1.115M, fixed at 4.01% until January 2027), subject to lender fees and approval. Unit #4 is currently vacant, with a conservatively projected rent of $2,100 per month included in the provided rent roll. This represents an immediate opportunity to increase the property's cash flow upon acquisition. Annual parking income is $4,500 for 6+ spaces. Don't miss out on this exceptional investment opportunity in Inglewood's thriving market.
24-374545
MLSⓇ ID
April 8, 2024
Listed
April 20, 2024
Updated
Map
712 W Beach Ave
Inglewood CA, 90302
Interior Features
Total Stories
2
Bedrooms
13 Beds
Appliances
Ceiling Fan, Refrigerator, Range/Oven, Hood Fan
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Wall
Exterior/Building Features
Lot Size
0.18 Acres
Architectual Style
Contemporary
Other Property Details
Area Name
North Inglewood
Days on Market
3
Garage
No
Parking
Carport Detached, Driveway, Uncovered, Assigned
Parking Total
6
View
No
View Description
None
County
Los Angeles
Pool
No
Pool Features
None
Zoning
INR3YY
Listing History
Date | Event | Price |
---|---|---|
4/20/2024 | Pending | — |
Listed by Austin Chen with Keller Williams Beverly Hills
Listing Contact: 310-948-2629
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Eve Capital shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 4/20/2024