10227 S 10th Avenue

    Inglewood, CA 90303
    • $1,580,000
    • STATUS: Closed
    • ON SITE: 167 days
    • ID#: RS18105337
    Sold - 08/08/2018
    $1,580,000
    SOLD - 08/08/2018
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,474
      SQFT
    • $353
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1956
    County:

    School Ratings & Info

    Description

    Six units located less than 1/2 mile from the new Rams Stadium and 1.5 miles from the Space-X campus down Crenshaw Blvd. Unit mix (2) 2 bed / 1 bath and (4) 1 bed / 1 bath units. 4 out of 6 units have been extensively "gut" remodeled to the studs and rented to quality approved tenants through professional management. Brand new drought tolerant landscaping, cedar wood plank fencing around the property, new exterior paint and high end modern finishes throughout each of the remodeled interiors. Currently a 5.07% cap rate with upside in rents and a 5.62% cap rate at achievable market rents. There are (6) on-site gated garages and on-site laundry.

    Sold by Clara Yang of Sotheby's International Realty.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-10-19T00:29:58.73. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.playavistaliving.com/homes/83268685

    10227 S 10th Avenue Inglewood, CA 90303

    • Price: $1,580,000
    • Status: Closed
    • Updated: 185 min ago
    • ID#: RS18105337
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    4,474
    SQFT
    $353
    $/SQFT
    1956
    Built
    Neighborhood:
    102 - South Inglewood
    County:
    Los Angeles
    Area:
    102 - South Inglewood
    Property Description
    Six units located less than 1/2 mile from the new Rams Stadium and 1.5 miles from the Space-X campus down Crenshaw Blvd. Unit mix (2) 2 bed / 1 bath and (4) 1 bed / 1 bath units. 4 out of 6 units have been extensively "gut" remodeled to the studs and rented to quality approved tenants through professional management. Brand new drought tolerant landscaping, cedar wood plank fencing around the property, new exterior paint and high end modern finishes throughout each of the remodeled interiors. Currently a 5.07% cap rate with upside in rents and a 5.62% cap rate at achievable market rents. There are (6) on-site gated garages and on-site laundry.
    Exterior Features

    Garage Spaces 6.00 Lot Features Lot 6500-9999 Lot Size Source Assessor Lot Size Units Square Feet Parking Features Assigned Parking Total 6.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area 668 Average1 Bed Area Units Square Feet Average2 Bed Area 900 Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features CommunityIndividual Room Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 5.07 Community Features CurbsGuttersSidewalksStorm DrainsStreet LightingUrban Country Us Electric Expense 454.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 900.00 Gross Income 119160.00 Gross Multiplier 13.26 Gross Operating Income 115594.00 Gross Scheduled Income 119160.00 Insurance Expense 1790.00 Land Lease YN No Laundry Equipment Own Lease Own Laundry YN Yes Maintenance Expense 4500.00 Net Operating Income 80109.00 New Taxes Expense 22183.00 Number Of Separate Electric Meters 7 Number Of Separate Gas Meters 7 Number Of Separate Water Meters 1 Number Of Units Leased 6 Operating Expense 35485.00 Operating Expense Percent 3231.00 Other Expense 1200.00 Other Expense Description Reserves Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 9405.00 Total Expenses 35485.00 Trash Expense 0.00 Vacancy Allowance 3566 Vacancy Allowance Rate 3.00 Water Sewer Expense 4459.00 Water Source Public Year Built Source Assessor Zoning Inm1l*

    Listing provided courtesy of Andrew Mcallister of Nationwide Real Estate Execs.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-10-19T00:29:58.73. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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