Listing ID : SB25042712
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Beds
8 -
Lot Size
8,163 Sqft
Description
Current 5.91% cap and 11.41 GRM with ADU opportunity! Once stabilized and ADUs are built out, the property will operate at a 9.18% cap and 7.95 GRM. 10329 S Inglewood Ave is a stunning asset and perfect for any investor looking to capitalize on the Inglewood market. Beautifully renovated 6 unit building located near SoFi Stadium, Intuit Dome and Hollywood Park Development. 3/6 units have gone extensive renovations including new floors, cabinets, fixtures, bathrooms and appliances. The subject property has been professionally managed and is a low-maintenance, high cash flowing asset. Inglewood Ave is currently operating at a 5.91% cap and 11.41 GRM with upside. Take advantage of 5.25% interest rate, fixed for 5 years with only 27% down! The property is comprised of (6) 2Bed+1Bath units with the opportunity to add (2) ADUs above the rear parking structure. Once the ADUs are constructed and the all units are rented at market, the property will operate at a 9.18% cap rate and 7.95 GRM. With a oversized lot and large carport, no parking will be taken away when the ADUs are constructed. There is plenty of parking on-site, as well as a laundry room. This is ideal for any investor looking for a low-maintenance, high cash flowing asset that still has room for additional income. With close proximity to SoFi, Intuit and Hollywood Park Development, 10329 S Inglewood Ave supports high rental income with even better upside and will appreciate greatly due to location.
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