702 WALNUT Street, Inglewood, CA 90301

$1,025,000
6
BD
7
BA
3,008
SqFt
Sold Price
$1,025,000
List Price
$1,099,000
Closing Date
Sep 28, 2022
Status
CLOSED
MLS#
22185001
Year Built
1958
Bedrooms
6
Bathrooms
7
Living Sq. Ft
3,008
Lot Size
9,595
Acres
0.22
Days on Market
17
Property Type
Multifamily
Stories
Multi Level

Property Description

Attention Developers/Investors in the Inglewood region! Priced for a quick sale! 1.5 miles from the Sofi Stadium. Two buildings on an R3 lot! Front bldg: Divided into 4 units . (All are studios. One has kitchen.) Rear building: Five units. Apt 2: Large one bedroom with kitchen, unoccupied, current market rent around $2000. Apt 3: studio with full kitchen, unoccupied, potential rent: $1000+. Apt 4: studio with full kitchen, Apt E: Small studio, no kitchen, shares bathroom with Apt F. Apt F: Small studio no kitchen, shares bathroom with Apt E. Current rent Total living area: 3008 sq/ft Large land: 9616 sq/ft ...Opportunity galore! Cap rate 5.53% when fully rented. Cap rate with two vacant units: 2.54% Sold as is in its current condition. Sold for land value.

Additional Information

Pool Description
None
Heat
Electric
Attached Structure
Detached
Number Of Units Total
9

Listing courtesy of Listing Agent: Attila Csupo (realtor@attilacsupo.com) from Listing Office: Corcoran Global Living.

Listing sold by Lynn Lin from Corcoran Global Living

Mortgage Calculator

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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.