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SOLD | 4 Units in Inglewood, Ca (Two Units Vacant)

OVERVIEW

CLOSED 10/2/2020
4 Units in Inglewood, Ca

320 Stepney is a 4 unit residential property located in the highly desirably city of Inglewood, Ca very close to the new Sofi Stadium Development. This 4 unit property offers a strong investment in an extremely trendy rental market. With two units delivered vacant and remodeled, an investor or owner occupier can achieve a good return by achieving market rents.

The property has a good unit mix with all 2 bed/1 bath units and (2) separate two car garages. This amazing building was built in 1923 with a total size of 2,822 SF, sitting on a large 10,015 SF lot zoned R3.

• 5.0% Actual Cap Rate and 13.6 Actual GRM
• 6.0% Market Cap and 11.9 Market GRM.
• 2 Units will be Delivered Vacant at Close of Escrow.

Prime Location in Inglewood near LAX, Space-X, Forum, New LA Sofi Stadium, Ladera Heights, Culver City, El Segundo, Parks & Recreation, and Restaurants & Shops.

SUMMARY

Offering Price:
$1,199,000

Total Units:
4

Building SF:
2,822 sf

Lot Size:
10,015 sf

Year Built:
1923

Zoning:
R3

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