Description
We are pleased to present this 4 unit apartment community located in the heart of Inglewood. The offering consists of great unit mix of studio, 2 bedroom and 3 bedroom units. In total, the buildings sit on a 5,723 sq ft lot and feature 5 covered parking spaces and on-site laundry. Offered at $300k/unit, this opportunity allows an astute investor to add value to the property as tenants turnover. The property has strong day 1 income operating at a 4.46% Cap Rate & 15.15 GRM. There is rental upside potential to a 6.93% Pro-Forma Cap Rate & 10.93 Pro-Forma GRM. The property is in close proximity to SoFi and LAX making it extremely attractive for renters.
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Listing Agent: John Katnik
Listing Office: BRC Advisors- BH
