811 Austin Ave Inglewood, CA ^$ 5,999,999

811 Austin Ave

^$ 5,999,999

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811 Austin Ave

Inglewood, CA, 90302

^$ 5,999,999

Bedrooms28 Baths5.0 Sq 17,196

Monthly Estimate*

^$ 41,912

Listed by Lyon Stahl Investment Real Estate, Inc.

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811 Austin Ave, Inglewood, CA 90302 - Image 3

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811 Austin Ave, Inglewood, CA 90302 - Image 8

811 Austin Ave, Inglewood, CA 90302 - Image 9

811 Austin Ave, Inglewood, CA 90302 - Image 10

811 Austin Ave, Inglewood, CA 90302 - Image 11

811 Austin Ave, Inglewood, CA 90302 - Image 12

811 Austin Ave, Inglewood, CA 90302 - Image 13

811 Austin Ave, Inglewood, CA 90302 - Image 14

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811 Austin Ave, Inglewood, CA 90302 - Image 17

Multi-Family Home for sale in Inglewood, CA

for $5,999,999 with 28 bedrooms and 5 full baths. This 17,196 square foot home was built in 1966 on a lot size of 0.7615.

811 Austin Ave & 7234 S La Cienega Blvd are a wonderful opportunity to purchase a corner lot (two parcels totaling 33,173 sqft). The buildings are composed of 18 units with a mix of (8) 2Bed+2Bath+Den, (2) 2Bed+1Bath and (8) 1Bed+1Bath units. 811 Austin Ave is an eight unit building currently collecting $20,210/gross monthly. 7234 S La Cienega Blvd is a ten unit building with 5 units available for immediate rental upside! Add three ADU's*. Take advantage of this future development opportunity while collecting income - offset cost of development! Build 30 units by right or increase unit amount with affordable housing density bonuses.* Beneficial to the new buyer, the subject properties are located 10 minutes away from the brand new SoFi Stadium, Intuit Dome, Kia Forum and Hollywood Park Development. Build in one of the fastest growing pockets in Los Angeles! **Buyer to confirm information. See Listing Supplements (OM)

Multi-Family Active

Price

^$ 5,999,999

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Apartment

Lot Size

0.7615

Year Built

1966

Town/City

Inglewood

County/Region

Los Angeles

MLS | Web ID

SB24065682

Days on Market

Features

General

Sewer Unknown

HOA 0.0

Garage Spaces 10.0

Pool Features None

Year Built 1966

Electric Standard

Stories 2

Levels Two

Property SubType Apartment

Gross Income 416580.0

Community Features Urban

Additional Parcels Description 4017021013

County Los Angeles

Net Operating Income 252486.0

Operating Expense 143265.0

Insurance Expense 0.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N Y

Green Water Conservation WaterSmartLandscaping

Special Listing Conditions Standard

Status Active

Directions From 405 South: Exit La Cienega Turn Right on Industrial Ave. Left On Austin Ave.

City Inglewood

Entry Location Austin Ave

View Y/N N

Senior Community Y/N N

Total Units 18

MLS Area 101 - North Inglewood

Lot Size Square Feet 33173.0

Private Pool N

Waterfront Y/N N

Carport Spaces 8.0

Carport Y/N Y

Number of Units Leased 13

Street Name Austin Ave

Listing Terms CashtoExistingLoan CashtoNewLoan OwnerMayCarry

Property Attached Y/N Y

Land Lease Y/N N

Electric Expense 0.0

Home Warranty Y/N N

Fuel Expense 0.0

Trash Expense 0.0

Walk Score 71

Water Sewer Expense 0.0

Lease Renewal Y/N N

Additional Parcels Y/N Y

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 1

Building Area Units SquareFeet

Standard Status Active

Year Built Source PublicRecords

Tax Lot 289

Total Actual Rent 34515.0

Property Sub Type Additional Apartment

Expected Active Date 2024-04-08

Exterior

Parking Features Garage Gated OneSpace Tandem Uncovered

Lot Features CornerLot

Water Source Public

Total Parking 18.0

Lot Size Area 33173.0

Number of Buildings 4

Spa N

Building Area Total 17196.0

Lot Size Acres 0.7615

Lot Size Units SquareFeet

Lot Size Source PublicRecords

Number of Separate Water Meters 0

Number of Separate Gas Meters 18

Number of Separate Electric Meters 18

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Common Walls Item2CommonWalls

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Laundry Features CommonArea

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 811

* Excluded Features

List By

Lyon Stahl Investment Real Estate, Inc.

Broker

(310) 420-2541

Phone

Affordability Calculator

$41,912

Per Month

Monthly Principal & Interest: $41,912
Monthly Property Taxes: --
Monthly Home Insurance: --

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Loan Term

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Inglewood, CA

Average List Price ^$1,811,257

Percent of Sale Price 70%

About Inglewood, CA

110,986 Population

-2% Since 2002

^$45,801 Median Income

35.72 Median Age

34% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/9/2024	$5,999,999	0.00%	Price Down
4/8/2024	$6,000,000		Listed Price

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811 Austin Ave, Inglewood, CA, 90302 is a Multi-Family Home for sale at $5,999,999 with 17,196 sqft and a lot size of 0.7615. 811 Austin Ave has 28 bedrooms, 5.0 baths, and was built in 1966. The property's zip code is 90302 which is in Inglewood, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/10/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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811 Austin Ave

Multi-Family Home for sale in Inglewood, CA

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