940 Larch Street, Inglewood (90301)
$5,199,000
23 
0
12,665
PROPERTY DETAILS
| Address: |
view address Inglewood, CA 90301 Map Location |
Bedrooms: | 23 |
|---|---|---|---|
| Square Feet: | 12,665 sq.ft. | Lot Size: | 0.42 acres |
| Year Built: | 1959 | Property Type: | Multi Family |
| County: | Los Angeles | List Date: | 2024-04-11 |
| Listing Number: | 24379261 | Listed By: | CBRE, Inc. |
| Days on market: | 18 |
PROPERTY DESCRIPTION
A value-add, 18 unit investment in a location 'on the come'.... in the shadow SoFi Stadium, America's highest grossing concert venue in 2023. Grossing $175MM and also employing 2,600 event day employees. SoFi is next door to the West Coast Headquarters of the NFL - 1,000 local employees and $20B in 2023 revenue. Next to that, the YouTube Theater - and The Forum, 5 minutes to the North and the new, $2B Intuit Dome, 5 minutes to the South. Lastly, the subject property is a block from Centinela Hospital, with 1,332 employees. Forgot to mention, the 57,000 badge holders at LAX, nearby, as well. The building has a secured-access, renovated lobby, leading to a landscaped courtyard. In addition, there are newer windows throughout. Secured-access, carport parking, in rear. Thirteen 1s, Five 2s, 13K sq. ft. on a massive, 18K+ footprint. 5% cap from the jump. The building is a 'No Brainer' operationally and affords you a path toward a 6.5% market cap rate. EXCLUSIVELY LISTED AT $5,199,000.
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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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