$1,900,000
712 Beach Avenue, Inglewood 90302
13
Beds
7
Baths
5,891
Square feet
7,907
Lot Size
6
# Of Units
Listing Agent
Austin Chen - Keller Williams Beverly HillsINVEST 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.
Facts & Features
MLS® # | 24374545 |
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Price | $1,900,000 |
Bedrooms | 13 |
Bathrooms | 7.00 |
Square Footage | 5,891 |
Lot Size | 7,907 |
Year Built | 1960 |
Type | Residential Income |
Style | Contemporary |
Status | Pending |
# Of Units | 6 |
Community Information
Address | 712 Beach Avenue |
---|---|
Area | 101 - North Inglewood |
City | Inglewood |
County | Los Angeles |
Zip Code | 90302 |
Amenities
Parking Spaces | 6 |
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Parking | Assigned, Detached Carport, Driveway, Uncovered |
Garages | Assigned, Detached Carport, Driveway, Uncovered |
View | None |
Is Waterfront | No |
Has Pool | No |
Pool | None |
Interior
Interior Features | Ceiling Fan(s) |
---|---|
Appliances | Refrigerator |
Heating | Wall Furnace |
Cooling | None |
Has Basement | No |
Fireplace | No |
# of Stories | 2 |
Stories | Two |
Additional Information
Date Listed | April 8th, 2024 |
---|---|
Days on Market | 3 |
Zoning | INR3YY |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | Austin Chen |
---|---|
Office | Keller Williams Beverly Hills |