7 Unit Apartment in Inglewood, Ca

Near SOFI Stadium

640 Hill Street, Inglewood, CA 90302

Property Description

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.

Features and Highlights

  • 3 Remodeled Units Delivered Vacant.
  • Less than 1.5 Miles to New Sofi Stadium Development.
  • Strong Rental Market, Low Vacancy.
  • 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.

Property Details

  • Price:$1,949,000
  • Type:Multifamily
  • # of Units:7
  • Occupancy:71%
  • Building Size:5,246 SF
  • Lot Size:7,882 SF
  • Year Built:1958
  • Zoning:R3
  • Cap Rate:5.3%
  • GRM:12.6

Listing Agent: Brian Noh, CCIM DRE: 01438155

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