712 West Beach Avenue Inglewood, CA $ 1,900,000
712 West Beach Avenue
$ 1,900,000
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712 West Beach Avenue

Inglewood, CA, 90302
$ 1,900,000
Baths0.0 Sq 5,891

Monthly Estimate*

$ 13,272

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Studio

Multi-Family Home for sale in Inglewood, CA

for $1,900,000. This 5,891 square foot home was built in 1960 on a lot size of 0.18.

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.

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Multi-Family Active

Price

$ 1,900,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 0

Style

Contemporary

Lot Size

0.18

Year Built

1960

Town/City

Inglewood

County/Region

Los Angeles

MLS | Web ID

0024374545

Features
General
Interior Features Ceiling Fan(s)
Heating Wall Furnace
Zoning INR3YY
Architectural Style Contemporary
Year Built 1960
Levels Two
County Los Angeles
Net Operating Income 97700.0
New Construction No
Property Type C
HOA / Comm Assn No
Status Active
City Inglewood
Buyer Agent Compensation 2.00
View Y/N No
Senior Community Y/N No
MLS Area 101 - North Inglewood
Lot Size Square Feet 7907.0
Street Name Beach
Property Condition Updated/Remodeled
Structure Type None
Standard Status Active
Buyer Agent Compensation Type %
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Interior
Kitchen Appliances Refrigerator
Total Stories 2
Air Conditioning Y/N No
Heating Y/N Yes
Street Suffix Avenue
Total Baths 0
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Exterior
Parking Features Uncovered Assigned Detached Carport Driveway
Water Source None
Lot Size Area 7907.0
Foundation Details None
Spa No
Pool Y/N? No
Building Area Total 5891.0
Lot Size Acres 0.18
Lot Size Units Square Feet
Land Lease Type Fee
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* Excluded Features
List By
Austin Chen

Listing Agent

Keller Williams Beverly Hills

Broker

Affordability Calculator

$13,272
Per Month
100%
0%
0%
Monthly Principal & Interest
$13,272
Monthly Property Taxes
--
Monthly 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
793437 Elementary School
793428 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/8/2024$1,900,000 Listed Price

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712 West Beach Avenue, Inglewood, CA, 90302 is a Multi-Family Home for sale at $1,900,000 with 5,891 sqft and a lot size of 0.18. 712 West Beach Avenue is a studio with 0.0 baths and was built in 1960. The property's zip code is 90302 which is in Inglewood, CA