232 W Olive St, Inglewood, CA 90301
- $4,100,000
- 18
- BD
- 14
- BA
- 10,106
- SqFt
- List Price
- $4,100,000
- MLS#
- 23-302355
- Year Built
- 1925
- Bedrooms
- 18
- Bathrooms
- 14
- Living Sq. Ft
- 10,106
- Lot Size
- 24,311
- Days on Market
- 38
- Property Type
- Multifamily
- Stories
- 2
Property Description
100% Collections during COVID *Unique unit mix of nine 1+1; and four 2+1 (the following four units are bungalows: #3, #4, #5 and #6) *Minutes to SoFi Stadium, Hollywood Park, the Forum and the Intuit Dome (coming Fall 2024), and Centinela Hospital Medical Center *Over One-Half Acre of Land (24,311 SF); Future Development Potential (INR3YY zoning) *Upgraded Community includes New Exterior Paint, Landscaping, and Conversion of a Garage to a Large Leasing Office with Bathroom *7 out 15 units have been renovated with quartz countertops and stainless-steel appliances; built-in microwaves *Rents shown are averages *PART OF AN 11-PROPERTY PORTFOLIO totaling 221 units, all located in prime LA County locations, including Inglewood (9 properties); Hawthorne (1 property); and Beverly Hills adjacent (1 property). The properties Can be Purchased Together, Individually, or In Any Combination. The Portfolio offers an attractive selection of one-, two-, and three-bedroom units, with spacious units averaging nearly 1,000 SF. There is tremendous value-add opportunity with in-place rents averaging approximately $2,135/u/month and only $2.12 psf. Attractive fixed rate assumable financing with an average interest rate of 3.72% is available. *See Property website for OMs, rent rolls and other information for ALL Properties.
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Additional Information
- Other Buildings
- Other
- Heat
- Central
- Cooling
- Air Conditioning
- Number of Cars in Garage
- Carport
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Courtesy of , Adrienne Barr - CA DRE#
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