Est. cap rate

3.5%

Assumed rent, all units

$4,040/mo

Units

2

Price per unit

$347,500

Est. annual NOI

$24,240

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Duplex

Bedrooms

2

Building size

1,956 sqft

Lot size

6,040 sqft

Year built

1953

Stories

1

Garage spaces

0

Style

Contemporary

Heating

Central

Cooling

Central Air

Pool

None

View

None

Status

Active

Days on market

1

MLS #

248767975

About this property

Attention Investors! Excellent investment opportunity in the heart of Inglewood. This duplex offers tremendous upside potential for investors, owner-users, or buyers seeking value-add income property in one of Southern California's most dynamic markets. Conveniently located near LAX airport, SoFi Stadium, Hollywood Park, shopping, dining, entertainment, and major freeways. Front house is vacant and provides immediate access for improvements or occupancy. Project is 70% complete with plans and approved permits completely paid from the city of Inglewood. New Casement title 24 compliant windows, new electrical throughout and combination pex/copper plumbing awaits a team to complete and inexpensively take advantage to bring this home to the finish line. The front unit currently offers a 2 bedroom, 2 bath layout with potential to reconfigure to a 3 bedroom, 2 bath (buyer to verify all possibilities, permits, and square footage). Electrical, plumbing, drywall, addition and roofing already completed. Rear unit is a 1 bedroom, 1 bath and currently occupied, creating income potential with cooperative tenant ready to move and is aware of the sale of the property. Situated on a generous lot with multiple possibilities for enhancement, expansion, or long-term hold strategy. Ideal opportunity for buyers looking to renovate and build equity, or investors seeking rental income in a high-demand location. Property to be sold as-is. Buyer to independently verify all information including unit count, configuration, permits, zoning, development potential, rent potential, and condition. Rare chance to secure an income-producing property in growing Inglewood with continued momentum and strong future potential.The Intuit dome, Starbucks, Home Depot and In and Out burger provides plenty of anchor stores to ensure staying power of the neighborhoods value and increasing momentum to come. Property to be sold as-is. Buyer to independently verify all information including unit count, configuration, permits, zoning, development potential, plans and permits rent potential, and present condition. This one won't last! contact 818-451-8521

Location

3401 110th Street

Inglewood, Los Angeles, CA, 90303