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Listing Details

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MLS #
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School Ratings & Info

Description

EXTRAORDINARY OPPORTUNITY for any investor seeking LONG TERM GROWTH, STABILITY AND HEDGE AGAINST INFLATION. in one of Los Angeles County's hottest neighborhoods. *****PLEASE DO NOT WALK PROPERTY NOR DISTURB TENANTS.*****CALL TO SCHEDULE VIEWING WITH PROOF OF FUNDS OR DU APPROVED LOAN TO BE CROSS QUALIFIED WITH OUT LENDER OF CHOICE.The property is comprised of (2) 2BD/1BA 800SF EACH, (4) 1BD/1BA spacious units 650 SF EACH, has (6) on-site covered parking spaces and an on-site laundry and separate water heaters. ROOF APPROX 10-15 YEARS OLD.Most rents are near market levels keeping the asset insulated from both State and Local rent control policies while still offering upside in rents.Close proximity to the nearly completed Hyde Park Station of the Crenshaw Metro Line, offering tenants easy transit to much of Los Angeles. Additionally, the location is in close proximity to SoFi Stadium and the future site of the Los Angeles Clippers, The Forum, LAX, and freeway access. DON'T PASS THIS UP! **POSSIBLE ADU POTENTIAL FOR AN ADDITIONAL 1-2 UNITS ABOVE CARPORT TO INCREASE MONTHLY GROSS REVENUE**

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-19T09:26:13.25. 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 Brandon Hobbs Group | Compass. Licensed in the State of California, USA.
www.searchwithcompass.com/homes/119515791
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7208 S La Cienega Boulevard Inglewood, CA 90302

  • Price: $1,750,000
  • Status: Active
  • Updated: 26 min ago
  • ID#: PW21155701
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Beds
0
Baths
0
½ Baths
0.16
Acres
1953
Built
Neighborhood:
102 - South Inglewood
County:
Los Angeles
Area:
102 - South Inglewood
Property Description
EXTRAORDINARY OPPORTUNITY for any investor seeking LONG TERM GROWTH, STABILITY AND HEDGE AGAINST INFLATION. in one of Los Angeles County's hottest neighborhoods. *****PLEASE DO NOT WALK PROPERTY NOR DISTURB TENANTS.*****CALL TO SCHEDULE VIEWING WITH PROOF OF FUNDS OR DU APPROVED LOAN TO BE CROSS QUALIFIED WITH OUT LENDER OF CHOICE.The property is comprised of (2) 2BD/1BA 800SF EACH, (4) 1BD/1BA spacious units 650 SF EACH, has (6) on-site covered parking spaces and an on-site laundry and separate water heaters. ROOF APPROX 10-15 YEARS OLD.Most rents are near market levels keeping the asset insulated from both State and Local rent control policies while still offering upside in rents.Close proximity to the nearly completed Hyde Park Station of the Crenshaw Metro Line, offering tenants easy transit to much of Los Angeles. Additionally, the location is in close proximity to SoFi Stadium and the future site of the Los Angeles Clippers, The Forum, LAX, and freeway access. DON'T PASS THIS UP! **POSSIBLE ADU POTENTIAL FOR AN ADDITIONAL 1-2 UNITS ABOVE CARPORT TO INCREASE MONTHLY GROSS REVENUE**
Exterior Features

Architectural Style Modern Carport YN Yes Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 6 Parking Features Carport Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes Roof Other Spa Features None Spa YN No View None View YN No

Interior Features

Appliances Gas Water Heater Common Walls 2+ Common Walls Fireplace Features None Fireplace YN No

Property Features

Additional Parcels YN No Common Interest Community Apartment Community Features Sidewalks Contingency Prefer Cash Offers****Must Show Proof Of Funds Or Du Approval To View Property****Buyers Must Waive Appraisal And Inspection Contingencies And Must Release All Contingencies Within 7 Days After Doing Due Diligence. Current Financing Other Disclosures Listing Broker Advantage Electric Electricity - On Property Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 0 Gross Scheduled Income 10015 Insurance Expense 2500 Land Lease YN No Laundry Features Inside Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventional Maintenance Expense 1200 Net Operating Income 0 New Construction YN No Number Of Separate Gas Meters 6 Number Of Separate Water Meters 0 Number Of Units Leased 6 Operating Expense 0 Possession Close Of Escrow Property Condition Turnkey Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays All Utilities Total Actual Rent 10015 Trash Expense 0 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedPhone AvailableSewer ConnectedWater Available Water Sewer Expense 3800 Water Source Public Zoning Inr3yy

Listing provided courtesy of Arthur Cervantes of Schultz Elite Financial and Mary Hall of M.E. Hall & Associates Realty


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-19T09:26:13.25. 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 Brandon Hobbs Group | Compass. Licensed in the State of California, USA.
 
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Brandon Hobbs Group | Compass
341 Bayside Drive
Newport Beach CA, 92660