917 Kenwood Street, Inglewood, California 90301
  • $2,650,000

Overview

Property ID: SB23166237
  • Apartment, Residential Income
  • Property Type
  • 16.0
  • Garages
  • 8086 Sqft
  • Area Size
  • 1988
  • Year Built

Description

We are pleased to present 917 Kenwood Street, Inglewood, a tremendous value-add opportunity. This 8-unit investment is nestled in a prime residential neighborhood within the trending community of Inglewood. All the units are spacious 2-bedroom / 1 bath, (+/- 1, 010 square feet). The in-place rent rates average $1, 860 monthly / $1.84 per sq.ft. With approximately 35% in rental upside, there is ample room to increase revenue in line with the growing demand of Inglewood’s thriving rental market. Recent improvements include brand-new A/C systems, upgraded electrical systems and double-pane windows, ensuring energy efficiency and tenant comfort. The building features an on-site laundry facility (operating on a month-to-month contract), gated entries, and ample parking – two parking spaces per unit. Each unit is equipped with a separate gas and electric meter. The ideal location is near to an array of shops, dining, major entertainment, recreation options, transportation, and employment. Whether you’re a seasoned investor looking to expand your portfolio or seeking to enter the market, this 8-unit investment offers a blend of upgrades, strategic location, and the ability to increase rental income. A perfect combination of stability and growth potential.

  • Address: 917 Kenwood Street
  • City: Inglewood
  • State/county: CA
  • Zip/Postal Code: 90301
  • Country: US

Details

Updated on October 31, 2023 at 12:41 am
  • Property ID SB23166237
  • Price $2,650,000
  • Property Size 8086 Sqft
  • Land Area 0.2059 Acres
  • Garages 16.0
  • Year Built 1988
  • Property Type Apartment, Residential Income
  • Property Status Closed

Additional details

  • Listing Terms Cash to New Loan
  • Roof Shingle
  • Utilities Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Sewer Public Sewer
  • Cooling Central Air
  • Heating Central
  • Flooring Carpet, Laminate, Tile
  • County Los Angeles
  • Property Type Residential Income
  • Pool None
  • Parking Assigned, Controlled Entrance, On Site
  • Community Features Curbs, Gutter(s), Storm Drain(s), Street Lights, Suburban, Sidewalks, Gated, Park
  • Architectural Style Traditional

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