713 EDGEWOOD Street, Inglewood, CA 90302

$2,700,000
List Price
$2,700,000
Status
ACTIVE
MLS#
22156261
Year Built
1972
Lot Size
8,915
Acres
0.2047
Days on Market
13
Property Type
Multifamily
Style
MidCenturyModern

Property Description

Matthews is pleased to present 713 Edgewood Street, an 8-unit apartment building 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) one bed, one bath units and (2) two bed, one bath units. The property sits on a huge lot, nearly 9,000 square feet, and is zoned R3. Both of the two-bedroom units have spacious balconies. Additionally, Unit #1 has a balcony and Unit #5 has a large private patio. 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 included 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, all tenants are up-to-date on rent at this time. Located just 2.5 miles from massive developments like the new SoFi Stadium and Intuit Dome NBA Arena, 713 Edgewood offers investors a rare opportunity to acquire a value-add multifamily asset in one of the most opportunistic pockets of LA.

Additional Information

Appliances
Dishwasher, Refrigerator
Pool Description
None
Heat
Electric
Cooling Description
None
Attached Structure
Detached
Number Of Units Total
8

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Daniel Withers from Listing Office: Matthews Real Estate Investment Services

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.