228 Stepney Street, Inglewood, CA 90302

$2,950,000
List Price
$2,950,000
Status
ACTIVE
MLS#
21715198
Year Built
1962
Lot Size
10,012
Acres
0.22
Days on Market
7
Property Type
Multifamily

Property Description

Reduced 100k! 9-unit building + 4 Approved ADUs in prime Northwest Inglewood area priced at only 219k/door. Incredible Current Cap Rate of 6.3% and GRM of 11.7 with upside to 8% Cap and 9.8 GRM. Delivered with 3 vacant units for immediate upside and renovations. Excellent up and coming Inglewood location minutes from the Rams Stadium, Forum, Culver City, and Playa Vista. Individually metered for Gas & Electricity. Approved Plans to convert the garages to 2 attached ADUs and convert a portion of the carport to 2 detached ADUs for a total of 4 ADUs.

Additional Information

Cooling Description
None
Number Of Units Total
13

Mortgage Calculator

Amount of Loan
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Calculator source: Real Geeks

Listing courtesy of Armin Soleimani from Global Platinum Properties, Inc.

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.