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$ 2,250,000
Est. payment /mo
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911 E La Palma DR #K Inglewood, CA 90301
11 Beds
10 Baths
5,521 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 5,521 sqft
Price per Sqft $407
MLS Listing ID 26107674
Bedrooms 11
HOA Y/N No
Year Built 1937
Lot Size 0.264 Acres
Property Description
911 E La Palma Dr | 10-Unit Multifamily, Inglewood. 1937-built asset totaling 5,521 SF on an 11,488 SF lot on the north side of E La Palma Dr between Larch St and Myrtle Ave, less than a mile from SoFi Stadium and within about a mile of Intuit Dome and the Kia Forum. The property features (10) 1BR/1BA units averaging 470 SF, each upgraded throughout, plus 10 on-site parking spaces and an established RUBS program. All ten units are occupied at an average rent of $1,832 against a $1,975 market rent, and the property is subject to the Inglewood Housing Protection Ordinance. Offered at $2,250,000 ($225,000/unit | $407.53/SF) with a 6.59% in-place cap rate, the story here is simplicity a fully occupied, upgraded asset in the stadium district with a 7.30% pro forma cap and no capital program required.
Location
State CA
County Los Angeles
Area 101 - North Inglewood
Zoning INR3YY
Interior
Heating None
Cooling None
Fireplace No
Exterior
Parking Features Private
Total Parking Spaces 10
Building
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 4021034030
Special Listing Condition Standard
Listed by Taylor Avakian Lyon Stahl Investment Real Estate, Inc. #02060040
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