10242 S 10th Avenue, Inglewood, CA 90303
- $1,295,000
- 9
- BD
- 5
- BA
- 4,152
- SqFt
- List Price
- $1,295,000
- Status
- ACTIVE
- MLS#
- 26872231
- Year Built
- 1955
- Bedrooms
- 9
- Bathrooms
- 5
- Living Sq. Ft
- 4,152
- Lot Size
- 6,897
- Acres
- 0.16
- Days on Market
- 1
- Property Type
- Multifamily
- Stories
- One Level, Two Levels
Property Description
Strong In-Place Financials: Attractive 6.93% current cap rate and 9.91 current GRM, providing investors with strong cash flow from day one. Additional Rental Upside: Pro-forma returns increase to an 8.15% cap rate and 8.81 GRM.Prime Inglewood Location: Located less than one mile from Intuit Dome, SoFi Stadium, Hollywood Park, YouTube Theater, Cosm Los Angeles, and the upcoming Inglewood Transit Connector. Sound Insulation Program Upgrades: Renovated through the City of Inglewood/LAX Sound Insulation Program with individual HVAC systems, upgraded electrical, newer windows, and upgraded doors. Attractive Unit Mix: Comprised of (4) 2-bedroom/1-bathroom units and (1) 1-bedroom/1-bathroom unit. Desirable Property Features: Recently painted building situated on a large 6,897-SF lot with a total of 5 garage parking spaces. Surrounded by Major Amenities & Employment: Conveniently located near The Village at Century, Costco, Target, SpaceX, Tesla Design Center, the Crenshaw/LAX Metro Line, and LAX Airport.
Additional Information
- Garage Spaces Total
- 5
- Attached Structure
- Detached
- Number Of Units Total
- 5
Listing courtesy of Listing Agent: Jonathan Nikfarjam (jonathan@shieldcre.com) from Listing Office: Shield CRE, Inc..
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