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$5,200,000

FOR SALE
Active

720 N Market

Inglewood, CA

MLS# PW26117557

Apartment
160 days on marketNalren refreshed

Listing Agent

Justin White

Listing Agent

Justin White

DRE #: 01267826

(714) 231-2537

Brokerage: Justin White

Property Details

N/A

Bedrooms

N/A

Bathrooms

N/A

Square Feet

1964

Year Built

0.29 acres

Lot Size

N/A

Price/Sq Ft

16

Garage Spaces

N/A

HOA

Apartment

Property Type

Description

720 N Market Street in the growing North Inglewood sub market of Los Angeles. This 16-unit multifamily asset represents a compelling opportunity to acquire a fully renovated, turnkey property with strong in-place cash flow and operational stability. This unique property has undergone major capital improvements in recent years, and is a standout in the neighborhood. Renovations include; new solar panels, all 16 units remodeled, 88 windows replaced, electrical panel upgraded, 16 sub-panels upgraded, 16 Nest thermostats, Copper re-pipe of entire building, new roof, new HVAC system, security system and gated entry. With approximately $750,000 already invested in this property, new ownership can be confident in their operations and the longevity of the asset. Located within walking distance to the new Metro Purple line, this property is strategically located for both tenants that commute and those that work in Los Angeles and the South Bay. Within a 5 mile radius employers include; LAX Airport, SpceX, Intuit Dome, KIA Forum, SoFi stadium, Northrop Grumman, Kaiser Permanente and multiple hospitals. The location of this asset cannot be overlooked, with major employers nearby and the ongoing development happening in Inglewood, this asset is truly positioned in a growing market now, and in the future. With the upcoming FIFA World Cup and the 2028 Olympic Games, 720 N Market St is located in a market that will likely reach new heights. An investor has the chance to own an already well performing asset, in a growing market, where cash flow is consistent from day one with a high potential of capital growth and increased monthly cash flow.

Facts & Features

Interior

Fireplace
No
Laundry Features
Community Laundry
Appliances
Gas Cooktop, Microwave, Solar Hot Water
Interior Features
Balcony, Storage, Unfurnished
Window Features
Double Pane Windows

Exterior

Private Pool
No
Roof
Composition
Lot Features
Sixteen To Twenty Units Acre

Building

Year Built
1964
Building Area Total
13,918
Levels
Two
Property Condition
Turnkey
Stories Total
2

Utilities

Heating
Central
Cooling
Central Air
Utilities
Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Connected, Water Connected
Sewer
Public Sewer
Water Source
Public

Parking

Garage Spaces
16
Parking Features
Assigned, Storage
Parking Total
16

Community / HOA

HOA
No
Association Fee
$0

Accessibility / Green

Green Energy Efficient
HVAC

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