712 Beach Avenue

Inglewood, CA 90302

$1,900,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $322 / sqft

1960

calendar_month Built

Property Description

INVEST IN INGLEWOOD'S RENAISSANCE! We are pleased to present this 6-unit apartment building near the KIA Forum, SoFi Stadium, YouTube Theater, Hollywood Park, and the soon-to-be-completed Intuit Dome. Located in Inglewood's Art District, this property presents an excellent investment opportunity for new and experienced real estate investors and exchange buyers alike. Its convenient location in the heart of Inglewood's growth puts it in high demand, offering the potential for steadily increasing rental income and future appreciation. The building features a mix of one 3+2 unit and five 2+1 units, maximizing rental income. The property is well-maintained, with nearly 50% of the units being partially or fully renovated, and attracts a diverse tenant base and caters to a wide range of tenant preferences. Well-qualified buyers can take advantage of favorable financing terms with an assumable loan (approximate balance of $1.115M, fixed at 4.01% until January 2027), subject to lender fees and approval. Unit #4 is currently vacant, with a conservatively projected rent of $2,100 per month included in the provided rent roll. This represents an immediate opportunity to increase the property's cash flow upon acquisition. Annual parking income is $4,500 for 6+ spaces. Don't miss out on this exceptional investment opportunity in Inglewood's thriving market.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A
Interior Information
Features Ceiling Fan(s)
Cooling Type None

Listing Information

Address 712 Beach Avenue
City Inglewood
State CA
Zip 90302
County Los Angeles
Listing Agent Austin Chen DRE#01898306
Courtesy Of Keller Williams Beverly Hills
MLS 24374545
List Price $1,900,000
Status Pending
Type Residential Income
Structure Size N/A
Lot Size 7,907
Year Built 1960
DOM 3

Exterior Information

Maps

Listing information courtesy of: Austin Chen, Keller Williams Beverly Hills . *Based on information from the Association of REALTORS/Multiple Listing as of Apr 20th, 2024 at 7:47 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.