Property Details
About this Property
PRIME NW Inglewood Location. 8 unit apartment complex with recently upgraded Electrical panels and Roof (approx 10 yrs old). Great unit mix with a mix of Large one Bedrooms and Two Bedrooms. Price to Sell with a potential 6%+ Cap. Long Term tenants with significant upside in rents (Rent Roll attached). City of Inglewood allows a generous annual rent increase of 8.9% when rents are below their 80% FMR (Fair Market Value) which applies to all of the residents. Low Cost of operations as each tenant pays their own Hot Water with individual Hot Water Heaters in each unit. Tenants also benefit from a Gas servicing each unit (as with individual meters). Common area laundry on site. Parking area consists of Open Spaces (3), Carports (3), a 2 car enclosed garage plus and additional single enclosed garage. Amazing street presence. Pride of Ownership asset. Seller (and partners) has owned this asset for 24+ years and is retiring / dissolving the partnership. No Seller carrybacks of financing offers are considered.
MLS Listing Information
MLS #
CRSB24236205
MLS Source
California Regional MLS
Days on Site
3
Interior Features
Laundry
Community Facility
Parking, School, and Other Information
Garage/Parking
Garage: 3 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 100 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
746 Cory Dr is a Residential Income in Inglewood, CA 90302. This – square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,850,000 and was built in 1953. This address can also be written as 746 Cory Dr, Inglewood, CA 90302.
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This listing information is up-to-date as of November 19, 2024. For the most current information, please contact David Holstein, (310) 891-3339
