Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    10329 Inglewood Avenue, Inglewood, CA 90304
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    10329 Inglewood Avenue
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    • MLS#: SB25042712 ( Apartment )
    • Street Address: 10329 Inglewood Avenue
    • Viewed: 2
    • Price: $1,675,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1952
    • Bldg sqft: 0
    • Days On Market: 37
    • Additional Information
    • County: LOS ANGELES
    • City: Inglewood
    • Zipcode: 90304
    • Provided by: Lyon Stahl Investment Real Estate, Inc.
    • Contact: Cameron Cameron
    • California Regional MLS IDX
    • DMCA Notice
    • Description
      Current 5.91% cap and 11.41 GRM with ADU opportunity! Once stabilized and ADUs are built out, the property will operate at a 9.18% cap and 7.95 GRM. 10329 S Inglewood Ave is a stunning asset and perfect for any investor looking to capitalize on the Inglewood market. Beautifully renovated 6 unit building located near SoFi Stadium, Intuit Dome and Hollywood Park Development. 3/6 units have gone extensive renovations including new floors, cabinets, fixtures, bathrooms and appliances. The subject property has been professionally managed and is a low maintenance, high cash flowing asset. Inglewood Ave is currently operating at a 5.91% cap and 11.41 GRM with upside. Take advantage of 5.25% interest rate, fixed for 5 years with only 27% down! The property is comprised of (6) 2Bed+1Bath units with the opportunity to add (2) ADUs above the rear parking structure. Once the ADUs are constructed and the all units are rented at market, the property will operate at a 9.18% cap rate and 7.95 GRM. With a oversized lot and large carport, no parking will be taken away when the ADUs are constructed. There is plenty of parking on site, as well as a laundry room. This is ideal for any investor looking for a low maintenance, high cash flowing asset that still has room for additional income. With close proximity to SoFi, Intuit and Hollywood Park Development, 10329 S Inglewood Ave supports high rental income with even better upside and will appreciate greatly due to location.
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    Features
    Building Area Total
    1. 4032.00
    Commoninterest
    1. Community Apartment
    Common Walls
    1. 2+ Common Walls
    Country
    1. US
    Days On Market
    1. 15
    Electric Expense
    1. 0.00
    Fuel Expense
    1. 0.00
    Garage Spaces
    1. 0.00
    Insurance Expense
    1. 0.00
    Laundry Features
    1. Community
    Levels
    1. Two
    Lot Features
    1. 0-1 Unit/Acre
    Netoperatingincome
    1. 99035.00
    Parcel Number
    1. 4038020002
    Pool Features
    1. None
    Professionalmanagementexpense
    1. 0.00
    Property Type
    1. Apartment
    Sewer
    1. Public Sewer
    Sourcesystemid
    1. CRM
    Sourcesystemkey
    1. 432988911:CRM
    Totalexpenses
    1. 43357.00
    Trash Expense
    1. 0.00
    Water Sewer Expense
    1. 0.00
    Water Source
    1. Public
    Year Built
    1. 1952
    Year Built Source
    1. Assessor
    Zoning
    1. LCC2YY
    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