$5,199,000
940 Larch Street, Inglewood 90301
3
Beds
2
Baths
12,665
Square feet
18,389
Lot Size
18
# Of Units
Listing Agent
Brice Head - CBRE, Inc.A value-add, 18 unit investment in a location 'on the come'.... in the shadow SoFi Stadium, America's highest grossing concert venue in 2023. Grossing $175MM and also employing 2,600 event day employees. SoFi is next door to the West Coast Headquarters of the NFL - 1,000 local employees and $20B in 2023 revenue. Next to that, the YouTube Theater - and The Forum, 5 minutes to the North and the new, $2B Intuit Dome, 5 minutes to the South. Lastly, the subject property is a block from Centinela Hospital, with 1,332 employees. Forgot to mention, the 57,000 badge holders at LAX, nearby, as well. The building has a secured-access, renovated lobby, leading to a landscaped courtyard. In addition, there are newer windows throughout. Secured-access, carport parking, in rear. Thirteen 1s, Five 2s, 13K sq. ft. on a massive, 18K+ footprint. 5% cap from the jump. The building is a 'No Brainer' operationally and affords you a path toward a 6.5% market cap rate. EXCLUSIVELY LISTED AT $5,199,000.
Facts & Features
| MLS® # | 24379261 |
|---|---|
| Price | $5,199,000 |
| Bedrooms | 3 |
| Bathrooms | 2.00 |
| Square Footage | 12,665 |
| Lot Size | 18,389 |
| Year Built | 1959 |
| Type | Residential Income |
| Status | Active |
| # Of Units | 18 |
Community Information
| Address | 940 Larch Street |
|---|---|
| Area | 102 - South Inglewood |
| City | Inglewood |
| County | Los Angeles |
| Zip Code | 90301 |
Amenities
| Parking | Carport |
|---|---|
| Garages | Carport |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Wall Furnace |
|---|---|
| Cooling | None |
| Has Basement | No |
| Fireplace | No |
| Stories | Two |
Additional Information
| Date Listed | April 8th, 2024 |
|---|---|
| Days on Market | 24 |
| Zoning | INR3YY |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Brice Head |
|---|---|
| Office | CBRE, Inc. |