713 Edgewood Street, Inglewood, CA 90302

About this property

ASSUMABLE $1.18M CHASE LOAN AT 4.70% INTEREST-ONLY THRU AUGUST 2027... This 8-unit apartment building is located in prime Inglewood, one of the hottest up-and-coming markets in Los Angeles. The property was built in 1972 and is comprised of (6) 1-bed / 1-bath units and (2) 2-bed /1-bath units. The property sits on a huge lot, nearly 9,000 square feet, and is zoned R3. The two-bedroom units have spacious balconies, and one of the one-bedrooms at the front of the building also has a large private balcony. Significant capital improvements have gone into the building, including new mainline sewer pipes, updated electrical components, and extensive interior renovations in 4 out of the 8 units. These tasteful renovations include new flooring, new kitchen/bathroom cabinets & fixtures, new stainless-steel appliances, bathroom tiling, recessed lighting, as well as new blinds and fans. The property also features 8 parking spaces and a community laundry area for additional income. Additionally, the property is being offered with a fantastic assumable Chase loan at 4.7% interest-only through August 2027, providing a 5.70% cash-on-cash. Lastly, the property offers room to build at least 3-4 ADUs in the tuck-under parking area, detached garage and attached storage areas (Buyer to verify).

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

Sale history

$2,250,000

Sold October 2024 · listed $2,345,000, orig. $2,495,000, on market June 2024 · MLS #24409925 · Source: CRMLS

Listing Agent: Jake Glaser · Listing Office: Lyon Stahl Investment Real Estate, Inc. · Contact: 310-425-9838 · Bought with: Babak Siminou · Simco Enterprises Inc

$2,050,000

Sold August 2022 · listed $2,200,000, orig. $2,700,000, on market May 2022 · MLS #22156261 · Source: CRMLS

Listing Agent: Daniel Withers · Listing Office: Matthews Real Estate Investment Services · Contact: 866-889-0550 · Bought with: Daniel Withers · Matthews Real Estate Investment Services

$1,850,000

Sold June 2018 · listed $1,900,000, on market March 2018 · MLS #18323512 · Source: CRMLS

Listing Agent: Kiana Charles · Listing Office: Keller Williams Studio City · Contact: 818-432-1500 · Bought with: Gerald Morales · Keller Williams Silicon Beach

$815,000

Sold December 2012 · listed $825,000, orig. $850,000, on market April 2012 · MLS #S12049386 · Source: CRMLS

Listing Agent: Brice Head · Listing Office: RE/MAX Commercial & Inv Realty · Contact: 310-802-2500 · Bought with: Marilee Haley · Clement Partners Real Estate

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