11-Bedroom Residential Income — 1100 S Inglewood Avenue, Inglewood, CA
$2,300,000
1100 S Inglewood Avenue, Inglewood, CA
About this property
RARE INGLEWOOD TURN-KEY 6 UNIT MULTI-FAMILY ASSET- FULLY VACANT & REHABBED! Attention 1031 Exchange Buyers & Savvy Investors! Welcome to a literal "headache-free, maintenance-free" cash cow in the absolute heart of booming Inglewood. Situated on a prime corner lot, this immaculate 6-unit building is delivered 100% completely vacant, allowing you to set top-of-market rents on day one without any tenant displacement. Lease up the entire building for a clean, effortless portfolio addition! Projected 6.5% CAP Rate and 10.97 GRM. Unit Mix includes Five spacious 2-Bedroom / 1-Bath units, One spacious 1-Bedroom / 1-Bath unit, 11 total parking spaces (A premium mix of private garages and covered carports!). Possible ADU Garage Conversion to add a 1bd/1ba unit generating an additional $2000/mo income (Buyer to verify w/ City). Zero Capital Expenditure Needed! This building was stripped down and completely modernized with flawless craftsmanship. Individually metered for gas and electric, and opportunity to implement RUBS for (Water, Sewer, Water Heater Gas, and Trash). We are talking all-new electrical, new plumbing, new electrical panels and wiring, new sewer line, new roof, new dual-pane windows, landscaping, in unit laundry, stainless steel appliances, and brand-new HVAC systems. It is essentially a brand-new building wrapped in a classic footprint. Because it sits on a prominent corner lot, units are flooded with buckets of natural light, offering excellent privacy and sweeping views. Located just minutes from LAX, SoFi Stadium, the Intuit Dome, the Kia Forum, and the Hollywood Park entertainment district, you are positioned directly in the path of rapid appreciation and endless tenant demand. Opportunities this clean, this upgraded, and completely vacant do not last in the South Bay. Come see this stunning one-of-a-kind asset while you still can! Seller reserves the right to actively lease vacant units during the marketing period.
Property details
Location
1100 S Inglewood Avenue • Inglewood, CA 90301
Listed by
Casundra Renteria · Whiz Realty, Inc