Apartments For Sale • 9,802 SF
| 12 Unit Apartment Walking Distance to SoFi Stadium – The building lies only a half of a mile away from SoFi Stadium and renowned LA Forum. |
| Attractive In-Place Rents with Clear Upside – The asset currently operates at a 6.26% cap rate and a 10.68 GRM with clear upside. |
| 12 Individual Co-Op Units – The units were originally constructed in 1960 as Co-Op units or Own Your Own apartment units. Potential condo conversion. |
| 9 Units on Section 8 Vouchers – Eight of the units are on Section 8 vouchers providing strong guaranteed income. |
| 100% Occupied Cash Flowing Property |
| Subterranean Parking – 12 subterranean parking spaces is a significant competitive advantage in the Inglewood submarket. |
| Cap Rate: | 6.26 % |
| Total Expenses: | $92,226 USD |
| Airport | Drive | Walk | Distance |
|---|---|---|---|
| Los Angeles International | 9 min | - | 4.1 mi |
| Long Beach (Daugherty Field) | 27 min | - | 18.3 mi |
| Bob Hope | 37 min | - | 21.2 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 12 |
| Type: | Covered |
| Included in Rent: | Yes |