$1,685,000
$1,675,000
0.6%For more information regarding the value of a property, please contact us for a free consultation.
3935 W 108th ST Inglewood, CA 90303
7,527 Sqft Lot
Key Details
Sold Price $1,685,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB22092878
Sold Date 06/10/22
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1961
Lot Size 7,527 Sqft
Property Description
Clean & well maintained 4-Unit property at a GRM of 13 on current rents within the heart of South Inglewood's $5 billion downtown development project! 3 of 4 units recently updated with stable tenants and rent increases for 2022 already in place including a ratio utility billing system (RUBS). Additional upside on the 4th unit & two 2-car garages for even more value-add through potential ADU conversion(s). Many capital improvements including three recently renovated units with updated kitchens, bathrooms, flooring, lighting & ceiling fans. New exterior paint and retrofitted with new windows, split HVAC units & upgraded electrical panel through the City of Inglewood's residential sound insulation program. Investors benefit from a high income producing property boasting extra large units in one of the LA's most rapidly developing communities within close proximity to SoFi stadium, Intuit Dome NBA arena, and Hollywood Park retail & residential complexes. Plenty of nearby freeway access and public transportation including the $1.4B Inglewood Transit Connector Project (ITC) between the Metro Crenshaw/LAX Line & downtown major event centers.
This incredible rental market is perfect for investors who enjoy low vacancy rates, high market rental rates, and strong long-term appreciation. This easy to own asset is a great addition to any portfolio!
Location
State CA
County Los Angeles
Area 102 - South Inglewood
Zoning INP1YY
Rooms
Other Rooms Second Garage
Ensuite Laundry Common Area, Electric Dryer Hookup, Gas Dryer Hookup, In Garage
Interior
Interior Features Ceiling Fan(s), Granite Counters, Tile Counters
Laundry Location Common Area,Electric Dryer Hookup,Gas Dryer Hookup,In Garage
Heating Central
Cooling Central Air
Flooring Laminate, Tile
Fireplaces Type Living Room
Fireplace Yes
Appliance Gas Oven, Gas Range, Microwave, Range Hood
Laundry Common Area, Electric Dryer Hookup, Gas Dryer Hookup, In Garage
Exterior
Garage Assigned
Garage Spaces 4.0
Garage Description 4.0
Fence Block, Wrought Iron
Pool None
Community Features Sidewalks
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N No
View None
Roof Type Composition,Shingle
Parking Type Assigned
Total Parking Spaces 6
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Foundation Raised
Sewer Public Sewer
Water Public
Additional Building Second Garage
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 4032024016
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Conventional
Special Listing Condition Standard
Lease Land No
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Bought with Samir Rai • Keystone Realty Group