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    4017 W 111th Street

    Inglewood, CA 90304
    • $2,825,000
    • STATUS: Active
    • ON SITE: 41 days
    • ID#: IN21069259
    UPDATED: 26 min ago
    $2,825,000
    • 0
      BEDS
    • 0.37
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,627
      SQFT
    • $426
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1968
    County:

    School Ratings & Info

    Description

    Excellent 1031 Exchange and Unique Development Opportunity! Within walking distance from Billion dollar So-Fi stadium & Forum - New LA Sports Mecca & Entertainment Venue - allowing for high rental income. This 9 unit building is on a huge 16,200 Sq.Ft. lot, right across from the upcoming Hilton Tru Hotel. The subject property with a rare C2A zoning offers unique development opportunity, buy now & build in the future! Low density 9 units consist of a 4 plex, 2 duplexes + single family house. Ample parking with 5 garages (8 parking spaces), 4 carports + Many extra surface parking. Potential for extra Income with Laundry Income (currently not Utilized ). Current annual rent is $165,600. New owners can continue to increase rents every year & can easily get to pro-forma annual rent of $193,200. (see document PDF for Major Projects) Revitalization nearby includes, So-Fi Stadium with confirmed major events - Super Bowl 2022, Olympics Opening & Closing Ceremonies 2028; newly planned Inglewood Basketball & Entertainment Center. 400 unit luxury apartments Prairie Station is proposed within a quarter mile of subject property. Investing in Inglewood is a great opportunity with its major projects & metro rail new stations. Subject property has easy access to 105 & 405 Fwy + LAX Don't Miss Out On This BUY!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-14T21:37:22.697. 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 or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
    www.playavistaliving.com/homes/115734516
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    4017 W 111th Street Inglewood, CA 90304

    • Price: $2,825,000
    • Status: Active
    • Updated: 26 min ago
    • ID#: IN21069259
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.37
    Acres
    6,627
    SQFT
    $426
    $/SQFT
    1968
    Built
    Neighborhood:
    102 - South Inglewood
    County:
    Los Angeles
    Area:
    102 - South Inglewood
    Property Description
    Excellent 1031 Exchange and Unique Development Opportunity! Within walking distance from Billion dollar So-Fi stadium & Forum - New LA Sports Mecca & Entertainment Venue - allowing for high rental income. This 9 unit building is on a huge 16,200 Sq.Ft. lot, right across from the upcoming Hilton Tru Hotel. The subject property with a rare C2A zoning offers unique development opportunity, buy now & build in the future! Low density 9 units consist of a 4 plex, 2 duplexes + single family house. Ample parking with 5 garages (8 parking spaces), 4 carports + Many extra surface parking. Potential for extra Income with Laundry Income (currently not Utilized ). Current annual rent is $165,600. New owners can continue to increase rents every year & can easily get to pro-forma annual rent of $193,200. (see document PDF for Major Projects) Revitalization nearby includes, So-Fi Stadium with confirmed major events - Super Bowl 2022, Olympics Opening & Closing Ceremonies 2028; newly planned Inglewood Basketball & Entertainment Center. 400 unit luxury apartments Prairie Station is proposed within a quarter mile of subject property. Investing in Inglewood is a great opportunity with its major projects & metro rail new stations. Subject property has easy access to 105 & 405 Fwy + LAX Don't Miss Out On This BUY!
    Exterior Features

    Carport Spaces 4 Carport YN Yes Construction Materials DrywallPlasterStucco Lot Features Front YardLawnRectangular Lot Number Of Separate Electric Meters 9 Open Parking Spaces 6 Parking Features Assigned Parking Total 18 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type MaintainedPaved Roof Composition Spa Features None Spa YN No View None View YN No

    Interior Features

    Accessibility Features Parking Appliances Free-Standing RangeDisposalGas RangeRange HoodWater Heater Common Walls 1 Common Wall Cooling None Cooling YN No Fireplace Features None Fireplace YN No Heating CentralNatural GasWall Furnace Heating YN Yes Interior Features Built-In Features

    Property Features

    Additional Parcels YN No Cap Rate 4.5 Common Interest None Community Features CurbsParkStreet LightsSidewalksUrban Contingency Seller 1031 Exchange. Subject To 'Interior Inspection'. Disclosures Principal is Real Estate LicensedRent Control Electric Expense 350 Garage YN Yes Gross Income 165660 Gross Scheduled Income 165660 Insurance Expense 3000 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan1031 Exchange Net Operating Income 120158 New Construction YN No New Taxes Expense 35312 Number Of Separate Gas Meters 9 Number Of Separate Water Meters 1 Number Of Units Leased 9 Operating Expense 45502 Property Condition Updated/Remodeled Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TvElectricityGas Total Actual Rent 13805 Trash Expense 2400 Utilities Electricity ConnectedSewer ConnectedWater Connected Water Sewer Expense 3600 Water Source Public Zoning C2a

    Listing provided courtesy of Anoop Garg of The Real Estate Consultants Westside Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-14T21:37:22.697. 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 or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
     
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