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Ever Banuelos

ever.banuelos@gmail.com +1(323) 833-9824

$6,600,000

Est. payment - /mo

39 Beds

42 Baths

23,555 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 23,555 sqft

Price per Sqft $280

MLS Listing ID 26674097

Bedrooms 39

Year Built 1961

Lot Size 0.696 Acres

Acres 0.6965

Property Sub-Type Multi-Family

Property Description

This 28 unit apartment community is comprised of 23,555 square feet and situated on a 30,338 square foot parcel. The unit is mix consists of 4 x Studios, 10 x One Bedroom/One Bath, 13 x Two Bedroom/One and Three-Quarter Bath, and 1 x Three Bedroom/Two Bath. Each apartment is individually metered for gas and electric. Some of the first floor apartments have patios, and the second floor apartments have balconies. The property has a central water heating system. Laundry machines are leased. ADU potential exists in the rear of the property above the carports; buyer to do their own due diligence with the city. The current debt of $4,059,115 can be assumed. The interest rate of 3.49% is fixed until May 1, 2027, yielding a healthy 7.67% year one cash-on-cash return based on a 39% down payment. With 1% adjustments every six months, an investor can enjoy two years of a well below market interest rate, before refinancing into longer term debt. Inglewood is rapidly evolving, with billions of dollars of private capital invested nearby, and Inglewood Palms is located right at the center of progress and growth. Intuit Dome is located around the corner, and nearby retail amenities include The Shops at Hollywood Park, Cosm, Costco, Target, Home Depot, and In-N-Out Burger. The property has easy freeway access to I-105 and I-405 with major employment drivers. SOFI Stadium, The Forum and You Tube Theater are within a five minute drive. SoFi Stadium is representing Los Angeles at this summer's 2026 FIFA World Cup. Next year Super Bowl LXI will be played at SoFi. And in 2028, SoFi Stadium and Intuit Dome will be one of the central venues for the Los Angeles Summer Olympics cementing Inglewood's legacy as a world class sports and entertainment destination. The offering represents a value-add opportunity for an investor to capture consistent rent growth and long term appreciation due to its pivotal path of progress location.

Location

State CA

County Los Angeles

Area South Inglewood

Zoning INM1L*

Rooms

Other Rooms None

Interior

Heating Wall

Cooling None

Equipment Other

Laundry Room

Exterior

Parking Features Carport

Garage Spaces 29.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Robert Leveen

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Ever Banuelos

Team Leader | License ID: 01945384

+1(323) 833-9824 | ever.banuelos@gmail.com

3835 W 104th St Inglewood, CA 90303

Ever Banuelos

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby Locations

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