4017 W 111th Street, Inglewood, CA 90304

$2,825,000
List Price
$2,825,000
Status
ACTIVE
MLS#
IN21069259
Year Built
1968
Lot Size
16,225
Acres
0.37
Lot Location
Front Yard, Lawn, Rectangular Lot
Days on Market
14
Property Type
Multifamily
Stories
Two Levels

Property Description

Excellent 1031 Exchange and Unique Development Opportunity! Within walking distance from Billion dollar So-Fi stadium & Forum - New LA Sports Mecca & Entertainment Venue - allowing for high rental income. This 9 unit building is on a huge 16,200 Sq.Ft. lot, right across from the upcoming Hilton Tru Hotel. The subject property with a rare C2A zoning offers unique development opportunity, buy now & build in the future! Low density 9 units consist of a 4 plex, 2 duplexes + single family house. Ample parking with 5 garages (8 parking spaces), 4 carports + Many extra surface parking. Potential for extra Income with Laundry Income (currently not Utilized ). Current annual rent is $165,600. New owners can continue to increase rents every year & can easily get to pro-forma annual rent of $193,200. (see document PDF for Major Projects) Revitalization nearby includes, So-Fi Stadium with confirmed major events - Super Bowl 2022, Olympics Opening & Closing Ceremonies 2028; newly planned Inglewood Basketball & Entertainment Center. 400 unit luxury apartments Prairie Station is proposed within a quarter mile of subject property. Investing in Inglewood is a great opportunity with its major projects & metro rail new stations. Subject property has easy access to 105 & 405 Fwy + LAX Don't Miss Out On This BUY!

Additional Information

Appliances
Free-Standing Range, Disposal, Gas Range, Range Hood, Water Heater
Pool Description
None
Heat
Central, Natural Gas, Wall Furnace
Cooling Description
None
View
None
Exterior Construction
Drywall, Plaster, Stucco
Roof
Composition
Garage Spaces Total
8
Sewer
Public Sewer
Water
Public
Number Of Units Total
9
Gross Scheduled Income
$165,660
Operating Expense
45502

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Anoop Garg from The Real Estate Consultants Westside 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.