8% CAP RATE 8 UNIT, 10,285 SF LOT C2 ZONE TOC Tier 3, NEXT TO RAMS, FULLY RENOVATED 3 UNITS, 3 UNIT TO BE DELIVERED VACANT, Boasting over 6,720 SF living space, sitting on a massive 10,285 SF lot, this rare one of a kind, 8 X 2 Beds and 1 bath 8 plex in Inglewood that currently produces great market rate rental income addition to tremendous upside potential is priced just right for a quick sale. C2 Zoned which read more allows R4 use with TOC tier 3 benefits on 10,285 SF Lot, this property may be allowed to build up to 45 units on this single lot (buyer to verify) Florence/West LA Metro rail which will connect to LAX is only 0.1 Mile south, just under 9 minute drive to the brand new 80,000 seat NFL Rams stadium, less than 2 miles away from the planned Hollywood Park development which will include about 500,000 SF retail & entertainment and more than 2500 residential units, this property's location screams for investors attention.
The information contained in this listing has not been verified by us or the MLS and should be verified by the buyer.
Listing Agent: Vinnie Park, Listing Office: Coldwell Banker Residential Brokerage, MLS Data Source: CRMLS
Last Updated: Nov 12th, 2021. Source: CRMLS
Paul comes from a family of real estate professionals. His mother, grandmother and uncle are real estate experts in commercial, residential and property management throughout California and Hawaii. He was raised by his mother who holds a degree in Fine Art and Design. Throughout his childhood he moved with his mother from house to house as they were bought, remodeled and sold. Paul's depth of knowledge does not come from a chart, graph or text book but through experiencing market dynamics first hand throughout his life. After Paul graduated from college he moved to Los Angeles in 2010 where he began buying, remodeling and selling properties. He is very active in the Real Estate market with multiple short term projects and long term multifamily investments. Paul offers his clients a unique perspective as he has been on all sides of the transaction. And he truly enjoys finding people their dream home and/or high income investment property and passing on his knowledge along the way. Contact him today!