$1,150,000
$1,200,000
4.2%For more information regarding the value of a property, please contact us for a free consultation.
911 Rosewood AVE Inglewood, CA 90301
7 Beds
7 Baths
3,537 SqFt
Key Details
Sold Price $1,150,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,537 sqft
Price per Sqft $325
MLS Listing ID 23251891
Sold Date 05/02/23
Bedrooms 7
HOA Y/N No
Year Built 1962
Lot Size 5,723 Sqft
Property Description
We are pleased to present this 4 unit apartment community located in the heart of Inglewood. The offering consists of great unit mix of studio, 2 bedroom and 3 bedroom units. In total, the buildings sit on a 5,723 sq ft lot and feature 5 covered parking spaces and on-site laundry. Offered at $300k/unit, this opportunity allows an astute investor to add value to the property as tenants turnover. The property has strong day 1 income operating at a 4.46% Cap Rate & 15.15 GRM. There is rental upside potential to a 6.93% Pro-Forma Cap Rate & 10.93 Pro-Forma GRM. The property is in close proximity to SoFi and LAX making it extremely attractive for renters.
Location
State CA
County Los Angeles
Area 102 - South Inglewood
Zoning INP1YY
Interior
Cooling None
Fireplace No
Exterior
Garage Carport
Parking Type Carport
Total Parking Spaces 5
Building
New Construction No
Others
Senior Community No
Tax ID 4023030004
Special Listing Condition Standard
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Bought with John Katnik • BRC Advisors- BH