629 Hardin Drive, Inglewood, CA 90302

About this property

Substantially improved 5 unit apartment building in Northwest Inglewood with the ability to construct a 3 bed 2 bath ADU in the tuck under garages. Soft story retrofit work has already been completed. Phenomenal unit mix consisting of (5) 2 bed 1 bath units, two with large gated yards. 5 garage spaces with 5 additional uncovered spaces. Three units have been completed gutted and feature interior W/D units, new vinyl windows, plumbing and electrical upgrades, quartz counters, and new appliances. 5.35% CAP rate on actual financials adjusting for property taxes. 6.40% pro form CAP rate after renovating the remaining two original units. Potential 7.15%+ CAP rate after constructing an ADU.

Listing description from the March 2024 sale, as reported to CRMLS.

Sale history

$1,620,000

Sold March 2024 · listed $1,650,000, on market November 2023 · MLS #PW23206291 · Source: CRMLS

Listing Agent: John Chelius · Listing Office: Property Works RE, Inc. · Contact: 310-722-0360 · Bought with: Scott Harvey · Figure 8 Realty

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