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