10239 England Avenue

    Inglewood, CA 90303
    • $2,000,000
    • STATUS: Active Under Contract
    • ON SITE: 54 days
    • ID#: SB19203299
    Under Contract
    UPDATED: 59 min ago
    $2,000,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,687
      SQFT
    • $427
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1955
    County:

    School Ratings & Info

    Description

    Investors' dream in the City of Champions. Turn-key 6-unit property, that has undergone extensive exterior and interior renovations this year. This property has a desirable mix of four 2 bed/1 bath units, and two 1 bed/1 bath units. No need to be concerned about Inglewood's new Rent Control Ordinance. These new tenants are paying top tier market rents, and even paying their own prorated water/trash bill. Due to the remodel and proactive management, this should be a low expense, low maintenance asset for many years to come. This great addition to your real estate portfolio will not disappoint. Inglewood is arguably the hottest city in the South Bay at the moment, due to new stadiums, concert venues, Frank Gehry designed YOLA Center which is the first permanent, purpose-built facility for Youth Orchestra Los Angeles (YOLA). Come visit this property in the Sports and Entertainment Capital of California today. This is certainly a building that discerning tenants will be proud to call "Home".

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-19T20:35:44.393. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or HEADQUARTERS | Keller Williams Beverly Hills. Licensed in the State of California, USA.
    www.dscvrproperties.com/homes/98287794

    10239 England Avenue Inglewood, CA 90303

    • Price: $2,000,000
    • Status: Active Under Contract
    • Updated: 59 min ago
    • ID#: SB19203299
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    4,687
    SQFT
    $427
    $/SQFT
    1955
    Built
    Neighborhood:
    102 - South Inglewood
    County:
    Los Angeles
    Area:
    102 - South Inglewood
    Property Description
    Investors' dream in the City of Champions. Turn-key 6-unit property, that has undergone extensive exterior and interior renovations this year. This property has a desirable mix of four 2 bed/1 bath units, and two 1 bed/1 bath units. No need to be concerned about Inglewood's new Rent Control Ordinance. These new tenants are paying top tier market rents, and even paying their own prorated water/trash bill. Due to the remodel and proactive management, this should be a low expense, low maintenance asset for many years to come. This great addition to your real estate portfolio will not disappoint. Inglewood is arguably the hottest city in the South Bay at the moment, due to new stadiums, concert venues, Frank Gehry designed YOLA Center which is the first permanent, purpose-built facility for Youth Orchestra Los Angeles (YOLA). Come visit this property in the Sports and Entertainment Capital of California today. This is certainly a building that discerning tenants will be proud to call "Home".
    Exterior Features

    Carport Spaces 0.00 Lot Features 6-10 Units/AcreLot 6500-9999Near Public TransitWalkstreet Lot Size Source Assessor Lot Size Units Square Feet Parking Ratio 1.00 Parking Total 0.00

    Interior Features

    Condo Area Units Square Feet Cooling None Cooling YN No Heating Wall Furnace Heating YN Yes Laundry Features Common Area

    Property Features

    Accounting Type Actual Additional Parcels YN No Asset Class Multi-Family Building Area Units Square Feet Building Status Existing Cap Rate 4.77 Country Us Current Use Comments One 2 Bed Unit is Vacant Effective Gross 132690 Gross Scheduled Income 136794.00 Land Use Multi-Family Laundry Income 0.00 Laundry YN Yes Leasable Area Units Square Feet Lease Considered YN No Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 95384.00 Number Of Units Leased 5 Occupancy Occupied Operating Expense 37306.00 Other Income1 0.00 Property Sub Type Multi Family Special Listing Conditions Standard Tax Annual Amount 19552.00 Tax Rate 1.25 Vacancy Allowance 3 Vacancy Allowance Rate 14.00 Water Source Public Year Built Source Assessor Zoning Inm1l*

    Listing provided courtesy of Maeve Becker of Keller Williams South Bay


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-19T20:35:44.393. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or HEADQUARTERS | Keller Williams Beverly Hills. Licensed in the State of California, USA.
     
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