Closed – 9-Unit Apartment in the Heart of Inglewood | $2,350,000

Closed – 9-Unit Apartment in the Heart of Inglewood | $2,350,000

Dan Shieh of Lyon | Stahl is pleased to have closed 342-344 E Hazel St, a 9-unit apartment in Inglewood!

This property sold for $2,350,000

342-344 E Hazel Street is a 9-unit apartment building located in the heart of Inglewood offering the opportunity to own a property with over 50% upside in rental income. The 9,800 sq ft building sits on a 10,575 sq ft lot, and is comprised of a strong unit mix of all townhouse style 2 bedroom/2 bathroom units. Each unit has one dedicated garage parking spot with storage. The property also provides a laundry room that can generate additional income. The premises resides in the La Brea Centinela neighborhood, where only 16% of residents are homeowners. Conveniently located just few short blocks from Centinela Ave, Florence Ave, and La Brea Ave, and less than two miles from the 405 Freeway, this is an opportunity for an investor to own a property in a high demand rental market with tremendous growth potential.

Located less than 2 miles from the new City of Champions Revitalization Initiative, this property is set to benefit from the stimulation and energy the 890,000 square feet of retail space, 25 acres of park and open space, revamped casino, performing arts venue and numerous fine dining restaurants it will bring.

 

City Overview:

The $2.6 billion Los Angeles Stadium at Hollywood Park is under construction in Inglewood and when completed in 2020 it will be the home of both the Los Angeles Rams and Los Angeles Chargers. The Los Angeles Stadium is also expected to host the Super Bowl in 2021 and the 2028 Summer Olympics The Light Rail Metro Expansion is expected to add 4 new Inglewood stops by 2019 There are plans to revamp the Downtown Arts District by 2020.

Inglewood is a city in the South Bay region of Los Angeles that is bordered by Westchester/LAX, Hawthorne, and Ladera Heights Spanning 8 square miles with a population of 109 670 Inglewood has emerged as one of the hottest
real estate markets in Southern California Real estate values have increased 10 1 over the past year and the median price of homes currently listed in Inglewood is $480,000.

For future listings:
• Contact [email protected] – (323) 825-5484