Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

SingleFamilyResidence

Bedrooms

6

Building size

8,748 sqft

Lot size

9,626 sqft

Year built

1963

Stories

2

Garage spaces

4

Pool

None

Status

Active

Days on market

57

MLS #

244877148

About this property

Rare 6-unit INGLEWOOD OPPORTUNITY. Offered for sale for the first time in 20 years, this boutique multifamily property features six oversized 3-bedroom, 2-bath residences, each offering approximately 1,400+ square feet. Built in 1963, the apartments provide spacious, house-like floor plans, generous living areas, in unit washer/dryer connections, and garage or carport parking, creating an exceptionally desirable unit mix with limited comparable inventory. Current rents are below market, creating meaningful value-add potential through targeted renovations and continued operational improvements. The property is ideally located near Downtown Inglewood, the Metro K Line, LAX, Centinela Hospital Medical Center, SoFi Stadium, Intuit Dome, Kia Forum, Hollywood Park, and numerous employment, shopping, transportation, and entertainment destinations and the forthcoming Inglewood Transit Connector. It is one the fastest growing cities in the country. The city attracts billions in investment and is preparing to host marquee global events. This is a prime opportunity to acquire a high-quality, value-add asset in a market on the rise. Possible Seller Financing with current loan payoff.

Location

125 E Buckthorn

Inglewood, Los Angeles, CA, 90301