CLOSED ESCROW 1/15/2021
For Sale | 7 Units in Inglewood, Ca
640 Hill Street is 7 unit apartment building located in the highly desirably city of Inglewood, Ca very close to the new Sofi Stadium Development and conveniently located off the 405 freeway. This 7 unit property offers a strong investment in an extremely trendy rental market. With three units delivered vacant and remodeled, an investor can achieve a good return by achieving market rents.
The property has a good unit mix of (6) 1 bed/1 bath units and (1) 2 bed/1 bath vacant unit with (7) carport parking spaces. This amazing building was built in 1958 with a total size of 5,246 SF, sitting on 7,882 SF lot zoned R3.
• 5.3% Actual Cap Rate and 12.6 Actual GRM
• 5.8% Market Cap and 11.9 Market GRM.
Prime Location in Inglewood near LAX, Space-X, Manhattan Beach, Forum, New LA Sofi Stadium, Ladera Heights, Culver City, El Segundo, Parks & Recreation, and Restaurants & Shops.