117 East Arbor Vitae St. Inglewood, CA 90301

117 East Arbor Vitae St. Inglewood, CA 90301

Inglewood, CA

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