4017 W 111th Street, Inglewood, CA 90304

$2,625,000
List Price
$2,625,000
Status
ACTIVE
MLS#
SB21125019
Lot Size
16,225
Acres
0.37
Lot Location
Item610UnitsAcre
Days on Market
6
Property Type
Land

Property Description

4017 W 111th St is an excellent opportunity for one in a 1031 exchange, developer, and/or buyer looking to invest in the rapidly developing city of Inglewood. Located within walking distance from multi-billion dollar projects such as So-Fi Stadium, the Forum, and the future Clippers stadium, this property supports high rental income, where rents are trending up. Situated on a large 16,200 sq ft lot across from Hilton Tru Hotel, the C2A zoning offers a unique opportunity to develop. On top of commercial zoning allowances, one has the option to develop projects tied to LAX. Tenants enjoy ample space and privacy where the 9 units are spread out and consist of a 4-plex, two duplexes, and a single family house. The subject property offers plenty of parking with 5 garages(total of 8 spaces), 4 carports, plus surface/uncovered parking. An investor can also explore the possibility of adding multiple ADUs increasing the investment to over a 6% CAP rate!**Buyer to Verify**. Subject property has easy access to 105 & 405 Fwy + LAX. Lastly, the revitalization of Inglewood has just begun. With events such as the 2022 Super Bowl and 2028 Olympics, Inglewood’s becoming a mecca for entertainment in Los Angeles. Don’t miss out on this opportunity!

Additional Information

Land Lease
Yes
View
Neighborhood
Water
Public

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Stephen Takahashi from Lyon Stahl Investment Real Estate, 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.