10242 S 10th AvenueInglewood, CA 90303
Los Angeles County
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.
Property Information
- Property type
- Residential Income
- Year built
- 1955
- Stories
- 2
- Living area
- 4,152 Sq Ft
- Lot size
- 0.16 acres
- Garage spaces
- 5
- Parking spaces
- 5
- Zoning
- INM1L*
- Days on market
- 61
- MLS® Listing#
- 26872231
Property Features
- Parking
- Garage
Financial Details
- HOA
- None
- Parcel number
- 4030007011
Directions
West of Crenshaw Boulevard, South of Century Boulevard, North of 104th Street, East of Yukon Avenue
Listing Courtesy: Shield CRE, Inc. - 3105939869
Presented by: Jonathan Nikfarjam
Licensed in the state of California.
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