IN ESCROW

6 Units in Inglewood next to Sofi Stadium

Value Add Opportunity

3132 W. 99th St, Inglewood, CA 90305

Property Description

3132 W. 99th Street is 6 unit apartment building located in the highly desirably city of Inglewood, Ca walking distance to the new Sofi Stadium Development and LA Forum. This 6 unit value add property offers a strong investor an attractive opportunity to create value and maximize rents in a growing rental market. With all tenants on below market rents, and one unit delivered vacant and remodeled, there is huge upside for a new owner to either owner occupy or keep as a straight rental.

The property has a good unit mix of (1) 3 bed/2 bath front unit, (1) 2 bed/1 bath unit, and (4) 1 bed/1 bath units each with central AC/heat, private balcony, and (6) carport parking spaces in the back. This amazing building has solar panels, and was built in 1961 with a total size of 5,519 SF, sitting on 6,506 SF lot zoned R3.

Features and Highlights

  • Walking Distance to New Sofi Stadium Development.
  • Value Add Opportunity with One Unit Delivered Vacant.
  • Below Market Rents in a Strong Rental Area.
  • Good Location in Inglewood near LAX, Space-X, LA Forum, New Sofi Stadium, Hollywood Park, & Nearby to local Parks & Recreation, Major Restaurants, & Big Box Retailers

Property Details

  • Price:$1,550,000
  • APN:4025-017-012
  • Units:6
  • Vacancy:87%
  • Building Size:5,519 SF
  • Lot Size:6,506 SF
  • Year Built:1961
  • Zoning:IN-R3

Listing Agent: Brian Noh, CCIM DRE: 01438115

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