Pending

712 W Beach Ave

Inglewood CA, 90302

$1,900,000


$322.53 per sqft

Pending

13 Beds

5,891 sqft

Residential

Built in 1960

INVEST IN INGLEWOOD'S RENAISSANCE! We are pleased to present this 6-unit apartment building near the KIA Forum, SoFi Stadium, YouTube Theater, Hollywood Park, and the soon-to-be-completed Intuit Dome. Located in Inglewood's Art District, this property presents an excellent investment opportunity for new and experienced real estate investors and exchange buyers alike. Its convenient location in the heart of Inglewood's growth puts it in high demand, offering the potential for steadily increasing rental income and future appreciation. The building features a mix of one 3+2 unit and five 2+1 units, maximizing rental income. The property is well-maintained, with nearly 50% of the units being partially or fully renovated, and attracts a diverse tenant base and caters to a wide range of tenant preferences. Well-qualified buyers can take advantage of favorable financing terms with an assumable loan (approximate balance of $1.115M, fixed at 4.01% until January 2027), subject to lender fees and approval. Unit #4 is currently vacant, with a conservatively projected rent of $2,100 per month included in the provided rent roll. This represents an immediate opportunity to increase the property's cash flow upon acquisition. Annual parking income is $4,500 for 6+ spaces. Don't miss out on this exceptional investment opportunity in Inglewood's thriving market.

24-374545

MLS ID

April 8, 2024

Listed

April 20, 2024

Updated

Map

712 W Beach Ave
Inglewood CA, 90302

Interior Features

Total Stories

2


Bedrooms

13 Beds


Appliances

Ceiling Fan, Refrigerator, Range/Oven, Hood Fan


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Wall

Exterior/Building Features

Lot Size

0.18 Acres


Architectual Style

Contemporary

Other Property Details

Area Name

North Inglewood


Days on Market

3


Garage

No


Parking

Carport Detached, Driveway, Uncovered, Assigned


Parking Total

6


View

No


View Description

None


County

Los Angeles


Pool

No


Pool Features

None


Zoning

INR3YY

Listing History

Date

Event

Price

4/20/2024

Pending

Listed by Austin Chen with Keller Williams Beverly Hills
Listing Contact: 310-948-2629 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Eve Capital shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 4/20/2024

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