10227 S 10th Avenue, Inglewood, CA 90303

About this property

Six units located less than 1/2 mile from the new Rams Stadium and 1.5 miles from the Space-X campus down Crenshaw Blvd. Unit mix (2) 2 bed / 1 bath and (4) 1 bed / 1 bath units. 4 out of 6 units have been extensively "gut" remodeled to the studs and rented to quality approved tenants through professional management. Brand new drought tolerant landscaping, cedar wood plank fencing around the property, new exterior paint and high end modern finishes throughout each of the remodeled interiors. Currently a 5.07% cap rate with upside in rents and a 5.62% cap rate at achievable market rents. There are (6) on-site gated garages and on-site laundry.

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

Sale history

$1,580,000

Sold August 2018 · orig. $1,388,000, on market May 2018 · MLS #RS18105337 · Source: CRMLS

Listing Agent: Andrew McAllister · Listing Office: Nationwide Real Estate Execs · Contact: 562-423-8134 · Bought with: Clara Yang · Sotheby's International Realty

$845,000

Sold December 2015 · orig. $859,000, on market August 2015 · MLS #SB15190324 · Source: CRMLS

Listing Agent: Daron Case · Listing Office: RE/MAX Commercial & Inv Realty · Contact: 310-802-2500 · Bought with: Michael Borba · Borba Investment Realty

$510,000

Sold July 2013 · listed $599,900, orig. $650,000, on market June 2012 · MLS #S12075727 · Source: CRMLS

Listing Agent: Keith Brabec · Listing Office: C-21 Amber Realty · Contact: 310-326-8100 · Bought with: Daron Case · RE/MAX Commercial & Inv Realty

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