For more information regarding the value of a property, please contact us for a free consultation.
11208 S Prairie AVE Inglewood, CA 90303
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $875,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB15254425
Sold Date 04/08/16
HOA Y/N No
Year Built 1918
Lot Size 7,971 Sqft
Property Description
One of the highest return on investment opportunities to come up all year! Diverse unit mix of one free-standing 3BR/1.5BA house + three 1BR/1BA apartments and five-singles, and 1 n/c bachelor unit. 10.38 GRM and just over a 5.5% CAP in the current rents. No rent control in Inglewood.
With a little work, an astute investor can re-position this asset creating a 10% cash flow stream and tremendous value in the process.
Close to The Forum, proposed Hollywood Park redevelopment and future NFL stadium which would bring shopping, dining, and entertainment venues!. Conveniently located close to the 105 and 405 freeways.
Location
State CA
County Los Angeles
Area 105 - Lennox
Zoning INC2YY
Interior
Fireplace No
Exterior
Pool None
Community Features Curbs, Urban
Utilities Available Sewer Available
Total Parking Spaces 5
Private Pool No
Building
Lot Description Corner Lot
Story 2
Entry Level Two
Water Public
Level or Stories Two
Others
Senior Community No
Tax ID 4033024021
Acceptable Financing Cash, Cash to New Loan, Submit
Listing Terms Cash, Cash to New Loan, Submit
Financing Conventional
Special Listing Condition Standard
Read Less
Bought with Brice Head • RE/MAX Commercial & Inv Realty