Prime 10 Unit income producing apartment building located in Hyde Park, blocks from Inglewood, less than 2 miles from the soon to be completed NFL stadium, and in close proximity to Crenshaw Blvd. & LA's newest Metro Line. Rents provide strong stable income w/huge upside potential & an ideal unit mix of 1 & 2 bedroom units allows for low vacancy. Recent upgrades to property include new commercial water heater installation, landscaping, 4 renovated units w/laminate floors, & assorted interior upgrades as needed. Building amenities include electric gate opener w/secured entry & gated on-site parking w/9 spaces, on-site laundry for additional income, and separate meters for gas & electric. City of LA Mandatory Earthquake Retrofitting was COMPLETED w/City Permits & Final received. Annual Rent Increases to go into effect soon. Prime opportunity for new Owner to take advantage of rent increases & EQ Retrofit Tenant pass through costs. Do Not Walk Property. Showings with accepted offer only.
Based on information from California Regional Multiple Listing Service, Inc. as of April 4th, 2020 at 8:02pm CDT. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.