117 East Arbor Vitae St. Inglewood, CA 90301

117 East Arbor Vitae St. Inglewood, CA 90301

Inglewood, CA
$1,225,000

Property Description

Tenants are not aware of Sale! DO NOT walk on property or speak with tenants. Drive-by ONLY! Close to So-Fi, Hollywood Park Development, & future Clipper Stadium. Seller will not be responsible for any tenant relocation. Offers subject to interior inspection. All units are 1bed/1bath. Property comes with plenty of parking for tenants. Additional income opportunity with the storage area in the back of the property off the alley. Tenants are paying 20% off market rent in the area. Continue to raise rents annually or with tenant turn-over. Check out this future owner-user or passive income investment opportunity! You will not want to miss!

Property Features

  • Sale Price: $1,225,000
  • Area Size: 3,216 Sq. Ft.
  • Land Area: 10,154 Sq. Ft.
  • Year Built: 1923
  • Listing Date: 10/03/2022
  • Units: 4
  • Current GRM: 15.63
  • Current Cap Rate: 4.26%
  • Price Per Unit: $306,250
  • Market GRM: 13.00
  • Market Cap Rate: 5.51%
  • Current NOI: $52,171