911 Rosewood Avenue, Inglewood, CA 90301

$1,150,000
7
BD
7
BA
3,537
SqFt
Sold Price
$1,150,000
List Price
$1,200,000
Closing Date
May 02, 2023
Status
CLOSED
MLS#
23251891
Year Built
1962
Bedrooms
7
Bathrooms
7
Living Sq. Ft
3,537
Lot Size
5,723
Acres
0.13
Days on Market
4
Property Type
Multifamily

Property Description

We are pleased to present this 4 unit apartment community located in the heart of Inglewood. The offering consists of great unit mix of studio, 2 bedroom and 3 bedroom units. In total, the buildings sit on a 5,723 sq ft lot and feature 5 covered parking spaces and on-site laundry. Offered at $300k/unit, this opportunity allows an astute investor to add value to the property as tenants turnover. The property has strong day 1 income operating at a 4.46% Cap Rate & 15.15 GRM. There is rental upside potential to a 6.93% Pro-Forma Cap Rate & 10.93 Pro-Forma GRM. The property is in close proximity to SoFi and LAX making it extremely attractive for renters.

Additional Information

Cooling Description
None
Attached Structure
Detached
Number Of Units Total
4

Listing courtesy of Listing Agent: John Katnik (john@brcadvisors.com) from Listing Office: BRC Advisors- BH.

Listing sold by John Katnik from BRC Advisors- BH

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Calculator source: Real Geeks

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.