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911 E La Palma Drive K, Inglewood, CA 90301

Commercial property

911 E La Palma Drive K, Inglewood, CA 90301 Sold May 2018 CRMLS
$1,720,000Sold May 2018

Listing Agent: Sona Gallatin (DRE #01488764) · Listing Office: Keller Williams VIP Properties · Contact: 661-290-3700 · Bought with: Tracy Tofte · Keller Williams VIP Properties · MLS #SR18067866 · Source: CRMLS

5,521
Building Sq Ft
10
Units
3.34%
Cap Rate
$57,600
NOI
11,364 sqft
Lot Size
1937
Year Built
INR3YY
Zoning
Commercial property
Type

How this sale compares

911 E La Palma Drive K sold for $1,720,000 in May 2018, 2.7% over its $1,675,000 list price, after 6 days on the market.

6
Days on market
+2.7%
Sold vs. list price

Figures are MLS-reported closed sales (CRMLS). Nalren does not estimate values.

Description

So much character in this 1937 built multi-family units building. In the heart of Inglewood with close proximity to the new Rams Stadium, but not so close that traffic or parking will be an issue. First time on the market since 1965 this property has so much potential!
 Current rents are below market and there is no rent control making this rehab project ideal for the savvy investor. 6 single story units, 3 one bed, one bath units over garage and 1 two bed one bath unit over garage. Total of 10 units. Units above garage have parking below, all others have driveway parking next to each unit. Driveway is a shared easement with property next door. Drive By Only! Please do not disturb tenants, tenants unaware of sale. Shown with accepted offer.

Listing description from the May 2018 sale, as reported to CRMLS.

Sale history

$1,720,000
Sold May 2018 · listed $1,675,000, on market March 2018, 6 days on market · MLS #SR18067866 · Source: CRMLS
Listing Agent: Sona Gallatin · Listing Office: Keller Williams VIP Properties · Contact: 661-290-3700 · Bought with: Tracy Tofte · Keller Williams VIP Properties
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