Sold – 5-Units in Inglewood | $1,600,00

Sold – 5-Units in Inglewood | $1,600,00

Brett Lyon and Woody Stahl are proud to have closed 520 E Regent St, a 5-unit apartment building located in the best part of Inglewood!

This building sold for $1,600,000

This large, 4,897 SF structure has a desirable unit mix of one (1) 3-bed/1.75-bath, one (1) 2-bed/2-bath, and three (3) 1-bed/1-bath units. Situated on 7,474 SF of land this property has been well-maintained and features a beautifully landscaped yard, a massive driveway with eight (8) covered parking spaces (2-car garage and six carports), and an on-site laundry room.

 

Investment Highlights:

• 5-unit building consisting of 4,897 SF |Situated on a 7,474 SF parcel of land
• Desirable unit mix: (1) 3-bed/1.75-bath, (1) 2- bed/2-bath, & (3) 1-bed/1-bath units
• Built in 1966 | Well-maintained with a beautifully landscaped yard
• Features a massive driveway with a 2-car garage & (6) carports | Contains on-site laundry room
• Signifcant upside in market rent potential
• Prime Inglewood location – blocks from the Forum & Multi-Billion Dollar NFL Stadium Development

 

City Overview: 

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.

Inglewood is also home to the illustrious Forum, which was designed by architect Charles Luckman, who also designed Madison Square Garden in New York. For decades, the Forum was one LA’s most prominent concert venues, hosting the likes of Elvis Presley, Led Zeppelin, and the Jackson 5. It was also home to the Los Angeles Lakers before the team moved to the Staples Center in 1999. The Forum is now the largest indoor performance venue in the country with a design focused on music and entertainment.

The 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.

 

 

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