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515 S Grevillea Inglewood, CA 90301
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Key Details
Sold Price $950,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW16095094
Sold Date 06/17/16
HOA Y/N No
Year Built 1963
Property Description
Family owned since 1963. Rents are approximately 18% below market. 5.6% Cap Rate, 11.61 GRM at market rent. Above average size units and great unit mix. Features: NEW ROOF, COPPER PLUMBING, NEW WINDOWS, NEW A/C and HEATING UNITS, NEW ELECTRICAL PANEL. In addition there are five carport spaces and THREE GARAGES. Excellent condition, just raise the rents. (No rent control in Inglewood)
Preferred Northwest Inglewood location less than one mile from new NFL stadium and Hollywood Park development. High demand rental location. Easy access to area freeways and regional employment centers.
Location
State CA
County Los Angeles
Area 101 - North Inglewood
Interior
Fireplace No
Exterior
Garage Spaces 3.0
Carport Spaces 5
Garage Description 3.0
Pool None
Community Features Sidewalks
Utilities Available Sewer Connected
Total Parking Spaces 16
Private Pool No
Building
Lot Description Paved
Story 2
Entry Level Two
Water Public
Level or Stories Two
Others
Tax ID 4020028029
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with Michael McKinney • Investment Property Group