869 Glenway Drive, Inglewood, CA 90302

About this property

Substantially improved 8 units in Northwest Inglewood including new 2 bed 2 bath ADU. Phenomenal unit mix of (7) 2 bed 1 bath units with private gated yards and (1) 2 bed 2 bath ADU. All eight units have interior washer/dryer connections. New 600 amp electrical service. 12 total parking spaces and the ability to construct an additional one bed ADU in the remaining three garage spaces. Five of eight units have been fully renovated including plumbing and electrical upgrades, new vinyl windows, and wall mounted AC units. 5.27% cap rate on actual financials, adjusting for property taxes. 6.50% pro forma cap rate after renovating the remaining three original units.

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

Sale history

$2,500,000

Sold February 2024 · listed $2,680,000, on market November 2023 · MLS #PW23206155 · 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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