Description

We are proud to present this 4-unit apartment in the highly desirable northwest Inglewood area! Consisting of 4 oversized units north of Centinela, this property offers a unique opportunity to acquire the perfect owner-user or investment opportunity in the City of Champions!On the market for the first time in over 20 years, the offering features a total of 4 apartment units consisting of 4, 440 total building square feet. The unit mix comprises of three 2-bedroom/1-bathroom units and one 3-bedroom/1.5-bathroom owner’s unit. Each unit includes a washer/dryer hookup allowing a new owner to maximize rental upside upon tenant turnover. In the back, there are 4 single car garages along with ample street parking as the area consists of mainly single-family homes and smaller multifamily properties. Electricity and gas are individually metered for each unit keeping utility costs relatively low. Rents are due for increases April 2025 and can be increased 10% per Inglewood rent control (buyer to verify). Recent capital improvements include new exterior paint in 2021. All tenants are month to month at the property. Sitting north of Centinela Ave and west of La Brea Ave, this area of Inglewood is the most desirable pocket of the city. Single family homes north of Centinela sell for $1M+ making this opportunity highly attractive for a potential owner-user looking to occupy the 3-bedroom owner’s unit while renting the three units in the back for additional income. Do not miss your opportunity to acquire this incredible property in the city of Inglewood!