Property Detail

Description

Location, Location, Location! 3 Blocks from The Forum, SoFi Stadium & the Upcoming Inglewood Transit Connector (ITC) and 1 Mile from Intuit Dome | Completely Renovated with City of Inglewood/LAX Sound Insulation Program - Double/Triple Pane Windows, All New Electrical, New Special Doors, Individual HVACs, Etc. | New Silicone Roof (2025) | Each Unit Contains Individual Hot Water Heaters, Individual Water Shutoffs, Soundproof Concrete Subfloors, Double Walls with Sound Insulation, Large Balconies & Large Storage Closets | Desirable ADU Potential - Possibility to Add 3 ADUs | All Electric Building - Main Electrical & Electrical Subpanels Per Current Code | Full Copper Plumbing | Property Received SB 721 Approval | Units Upgraded with Vinyl Plank Flooring, Large Closets & LED Lighting | 5.91% Current Cap Rate & 11.50 Current GRM | 7.65% Pro-Forma Cap Rate & 9.46 Pro-Forma GRM | Exterior Completely Painted & Repaired (2025) | Gated Building with Telephone Entry, Fire Sprinklers, On-Site Laundry & Large Storage Room | Total of 36 Parking Spaces (18 Tandem Carports) with Storage Cabinets | Four Units with Built-In Desks & Bookcases | Property Presents Condominium Conversion Potential Compelling Opportunity for Future Value Enhancement (Buyer to Verify)