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$ 1,625,000
Est. payment | /mo
10 Beds
8 Baths
6,255 Sqft Lot
$ 1,625,000
Est. payment | /mo
10 Beds
8 Baths
6,255 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25037494
Bedrooms 10
HOA Y/N No
Lot Size 6,255 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
We are pleased to present 905 Victor Avenue, a stabilized 4-unit building located in the most desirable Northwest pocket of Inglewood. The property exceeds 4,300 sq ft and is situated on a large 6,255 sq ft lot with a strong unit mix of all 3-bedroom and 2-bedroom units. Operating at a 5.45% actual CAP rate and 12.78 GRM, the monthly gross income is over $10,500 with upside rent potential. Three of the four units have been completely renovated and two units are eligible for an 8.9% rental increase. Additional features include six carport spaces in the rear and on-site laundry, both providing supplemental income. Investors and owner-users will benefit from the steady income from the property and rising tide of large-scale developments in the City including SoFi Stadium, Hollywood Park, Inuit Dome, and the Inglewood Transit Connector.
We are pleased to present 905 Victor Avenue, a stabilized 4-unit building located in the most desirable Northwest pocket of Inglewood. The property exceeds 4,300 sq ft and is situated on a large 6,255 sq ft lot with a strong unit mix of all 3-bedroom and 2-bedroom units. Operating at a 5.45% actual CAP rate and 12.78 GRM, the monthly gross income is over $10,500 with upside rent potential. Three of the four units have been completely renovated and two units are eligible for an 8.9% rental increase. Additional features include six carport spaces in the rear and on-site laundry, both providing supplemental income. Investors and owner-users will benefit from the steady income from the property and rising tide of large-scale developments in the City including SoFi Stadium, Hollywood Park, Inuit Dome, and the Inglewood Transit Connector.
We are pleased to present 905 Victor Avenue, a stabilized 4-unit building located in the most desirable Northwest pocket of Inglewood. The property exceeds 4,300 sq ft and is situated on a large 6,255 sq ft lot with a strong unit mix of all 3-bedroom and 2-bedroom units. Operating at a 5.45% actual CAP rate and 12.78 GRM, the monthly gross income is over $10,500 with upside rent potential. Three of the four units have been completely renovated and two units are eligible for an 8.9% rental increase. Additional features include six carport spaces in the rear and on-site laundry, both providing supplemental income. Investors and owner-users will benefit from the steady income from the property and rising tide of large-scale developments in the City including SoFi Stadium, Hollywood Park, Inuit Dome, and the Inglewood Transit Connector.
Location
State CA
County Los Angeles
Area Inglewood (90302)
Zoning Assessor
Building
Lot Description Sidewalks
Story 2
Lot Size Range 4000-7499 SF
Level or Stories 2 Story
Others
Monthly Total Fees $89
Space Rent $2,995
Listed by Larson Harley • Lyon Stahl Investment Real Estate, Inc.
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