N/A
Bedrooms
$1,595,000
FOR SALEInglewood, CA
MLS# SB26237362
N/A
Bedrooms
N/A
Bathrooms
N/A
Square Feet
1963
Year Built
6,962 sqft
Lot Size
N/A
Price/Sq Ft
3
Garage Spaces
N/A
HOA
Apartment
Property Type
Prime Inglewood 5-unit value-add investment opportunity located less than a 5-minute walk from SoFi Stadium and The Forum. The property features two 2-bedroom/1.75-bath units and three 1-bedroom/1-bath units, with spacious floor plans of approximately 900–1,000 square feet. Offered at $319,000 per unit and $326 per square foot, the property offers approximately 25% rental upside with a projected Pro Forma 6.9% CAP and 11.2 GRM. The property features select remodeled units, A/C in all units, on-site laundry, and an all-electric configuration with no gas expense. Recent improvements include an approximately 5-year-old roof, exterior paint, and water-efficient landscaping. Additional value-add potential includes adjacent double and single-car garages with possible ADU conversion, subject to buyer verification. Strong location, large units, rental upside, and ADU potential make this a compelling value-add opportunity in the heart of Inglewood.
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632 Manchester Drive
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