811 Austin Avenue, Inglewood, CA 90302
Property · 2 recorded sales since 2017
Sold January 2019
Listing Agent: Brett Lyon (DRE #01717818) · Listing Office: Lyon Stahl Investment Real Estate, Inc. · Contact: 310-425-9838 · Bought with: Nico Rosmarin · Lyon Stahl Investment Real Estate, Inc. · MLS #SB18231511 · Source: CRMLS
About this property
811 Austin Avenue is an eight-unit apartment complex situated on a large 12,881 SF lot located in the highly sought-after NW corridor of Inglewood. All eight units are comprised of 2-bedrooms/1.75-bathrooms and are extremely large, averaging more than 1,275 SF per unit! The units are well laid out and feature walk-in closets. Many of the units have been upgraded with vinyl plank flooring and LED lighting. In addition, every unit has its own private patio or balcony (several are enclosed adding even more living space). The property has gated parking with phone entry allowing tenants access to nine carport spaces (each with a private storage cabinet). Onsite amenities include a laundry room with a washer & dryer and separate storage room. The structure was built in 1961, has a pitched composition shingle roof, and has partial copper plumbing. The annualized gross scheduled income is more than $190,000 and offers potential buyers nearly 15% in rental upside! At $262 PSF this investment opportunity will not last long!
Listing description from the January 2019 sale, as reported to CRMLS.
Sale history
