702 WALNUT Street, Inglewood, CA 90301

About this commercial property

Attention Developers/Investors in the Inglewood region! Priced for a quick sale! 1.5 miles from the Sofi Stadium. Two buildings on an R3 lot! Front bldg: Divided into 4 units . (All are studios. One has kitchen.) Rear building: Five units. Apt 2: Large one bedroom with kitchen, unoccupied, current market rent around $2000. Apt 3: studio with full kitchen, unoccupied, potential rent: $1000+. Apt 4: studio with full kitchen, Apt E: Small studio, no kitchen, shares bathroom with Apt F. Apt F: Small studio no kitchen, shares bathroom with Apt E. Current rent Total living area: 3008 sq/ft Large land: 9616 sq/ft ...Opportunity galore! Cap rate 5.53% when fully rented. Cap rate with two vacant units: 2.54% Sold as is in its current condition. Sold for land value.

Listing description from the September 2022 sale, as reported to CRMLS.

Sale history

$1,025,000

Sold September 2022 · listed $1,099,000, orig. $1,200,000, on market August 2022 · MLS #22173443 · Source: CRMLS

Listing Agent: Attila Csupo · Listing Office: Corcoran Global Living · Contact: 310-441-0111 · Bought with: Lynn Paris · Corcoran Global Living

$1,025,000

Sold September 2022 · listed $1,099,000, orig. $1,200,000, on market August 2022 · MLS #22185001 · Source: CRMLS

Listing Agent: Attila Csupo · Listing Office: Corcoran Global Living · Contact: 310-441-0111 · Bought with: Lynn Lin · Corcoran Global Living

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