917 Kenwood Street, Inglewood, CA 90301
Property · 2 recorded sales since 2013
Sold October 2023
Listing Agent: Michael McKinney (DRE #00634672) · Listing Office: Lyon Stahl Investment Real Estate, Inc. · Contact: 310-880-2900 · Bought with: Mona Flaum · Pinnacle Estate Properties, Inc. · MLS #SB23166237 · Source: CRMLS
About this property
We are pleased to present 917 Kenwood Street, Inglewood, a tremendous value-add opportunity. This 8-unit investment is nestled in a prime residential neighborhood within the trending community of Inglewood. All the units are spacious 2-bedroom / 1 bath, (+/- 1,010 square feet). The in-place rent rates average $1,860 monthly / $1.84 per sq.ft. With approximately 35% in rental upside, there is ample room to increase revenue in line with the growing demand of Inglewood's thriving rental market. Recent improvements include brand-new A/C systems, upgraded electrical systems and double-pane windows, ensuring energy efficiency and tenant comfort. The building features an on-site laundry facility (operating on a month-to-month contract), gated entries, and ample parking - two parking spaces per unit. Each unit is equipped with a separate gas and electric meter. The ideal location is near to an array of shops, dining, major entertainment, recreation options, transportation, and employment. Whether you're a seasoned investor looking to expand your portfolio or seeking to enter the market, this 8-unit investment offers a blend of upgrades, strategic location, and the ability to increase rental income. A perfect combination of stability and growth potential.
Listing description from the October 2023 sale, as reported to CRMLS.
Sale history
