Silva Babaian Realtor, Real Estate Agent, Granada Hills, CA
Skip to Main Content

Quick Search

    Featured Listing
    912 Avenue B
    1006 Crescent Drive
    1541 Summitridge Drive
    816 Myrtle Avenue, Inglewood, CA 90301
    1. Home
    2. Property Search
    3. Search results
    4. 816 Myrtle Avenue, Inglewood, CA 90301
    Image Gallery
    Property Photos
    816 Myrtle Avenue
    1. Image 0 of 14 For 816 Myrtle Avenue
    2. Image 1 of 14 For 816 Myrtle Avenue
    3. Image 2 of 14 For 816 Myrtle Avenue
    4. Image 3 of 14 For 816 Myrtle Avenue
    5. Image 4 of 14 For 816 Myrtle Avenue
    6. Image 5 of 14 For 816 Myrtle Avenue
    7. Image 6 of 14 For 816 Myrtle Avenue
    8. Image 7 of 14 For 816 Myrtle Avenue
    9. Image 8 of 14 For 816 Myrtle Avenue
    10. Image 9 of 14 For 816 Myrtle Avenue
    11. Image 10 of 14 For 816 Myrtle Avenue
    12. Image 11 of 14 For 816 Myrtle Avenue
    13. Image 12 of 14 For 816 Myrtle Avenue
    14. Image 13 of 14 For 816 Myrtle Avenue
    Print Flyer
    Contact Silva Babaian
    Contacting Silva Babaian
    • All fields are required.
    Schedule A Showing
    Schedule a Showing.
    • All fields are required.
    Check this box to Register with us:
    Request more information
    More Like This
    • MLS#: SB24178799 ( Apartment )
    • Street Address: 816 Myrtle Avenue
    • Viewed: 5
    • Price: $2,550,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1956
    • Bldg sqft: 0
    • Days On Market: 162
    • Additional Information
    • County: LOS ANGELES
    • City: Inglewood
    • Zipcode: 90301
    • Provided by: Lyon Stahl Investment Real Estate, Inc.
    • Contact: Cameron Cameron
    • DMCA Notice
    • Description
      6.10% Cap Rate and 11.06 GRM on massive 19,250 sqft lot zoned R3 with current in place cash flow. A new buyer can develop 18 units by right or 27 units with 50% density bonus allowed through the city. Perfect asset to land bank for future development while achieving great in place cash flow. Property can achieve 60% rental upside by easily adding 3 ADUs. Offered at $132/ft for land and just $231k/unit. Incredible value here for any investor. 816 Myrtle is just two blocks away from So Fi Stadium, The Forum & NEW Intuit Dome! 11 bungalow style units situated on a 19,250 sqft lot! The property is currently operating at a 6.10% cap rate and 11.06 GRM with 60% upside available once the ADUs are built. Each unit is separately metered for gas and electric. T he subject property is located only minutes away from Sofi Stadium, YouTube Theater, Intuit Arena, LAX airport, and many more developments.
    Request More Information
    • All fields are required.
    Property Location and Similar Properties
    All
    Similar
    Features
    Building Area Total
    1. 6162.00
    Commoninterest
    1. Community Apartment
    Common Walls
    1. 2+ Common Walls
    Country
    1. US
    Days On Market
    1. 103
    Electric Expense
    1. 0.00
    Fuel Expense
    1. 0.00
    Garage Spaces
    1. 4.00
    Heating
    1. Central
    Insurance Expense
    1. 0.00
    Laundry Features
    1. Inside
    Levels
    1. One
    Lot Features
    1. 0-1 Unit/Acre
    Netoperatingincome
    1. 155647.00
    Number Of Separate Electric Meters
    1. 11
    Number Of Separate Gas Meters
    1. 11
    Parcel Number
    1. 8649018033
    Pool Features
    1. None
    Professionalmanagementexpense
    1. 0.00
    Property Type
    1. Apartment
    Sewer
    1. Public Sewer
    Sourcesystemid
    1. CRM
    Sourcesystemkey
    1. 422005389:CRM
    Totalexpenses
    1. 68085.00
    Trash Expense
    1. 0.00
    Water Sewer Expense
    1. 0.00
    Water Source
    1. Public
    Year Built
    1. 1956
    Year Built Source
    1. Assessor
    Skip to Main Content
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836