3213 Bartdon Ave, Inglewood, CA 90303

3213 Bartdon Ave, Inglewood, CA 90303

Inglewood, CA
$1,250,000

Property Description

Lyon | Stahl Investment Real Estate is proud to present 3213 Bartdon Ave, a four-unit apartment building located in Inglewood, CA. This 4,474 sq. ft. structure was built in 1956 and is situated on a 6,682 sq. ft. parcel of land. This property has a desirable unit mix consisting of (2) 4-bed/2-bath and (2) 2-bed/1- bath units. Each unit is fully remodeled with new granite countertops and all new hardwood & tile floors. The exterior of the building has been repainted, along with the interior of the units. The plumbing and electrical fixtures have also been completely redone. Centrally located near many restaurants, retailers, LAX, and the 105 & 405 freeways, this is a great investment opportunity in the rapidly appreciating Inglewood area.

<strong>
Investment Highlights:
</strong>
<ul>
<li>Amazing unit mix of (2) 4-Bed/2-Bath &amp; (2) 2-Bed/1-Bath</li>
<li>Beautifully renovated 4,474 SF apartment building situated on 6,682 SF of land</li>
<li>Huge upside potential: 5.87% CAP Rate &amp; 11.85 GRM (pro forma)</li>
<li>Fully-remodeled units | New granite counters in each unit | All new hardwood &amp; tile floors</li>
<li>New exterior &amp; interior paint, plumbing, &amp; electrical fixtures</li>
<li>Plenty of street parking for residents &amp; guests</li>
<li>Close proximity to restaurants, retailers, LAX, &amp; the 105 &amp; 405 FWYs</li>
<li>Walking distance to the Forum &amp; future LA Rams Stadium</li>
</ul>

Property Features

  • Sale Price: $1,250,000
  • Area Size: 4,474 SF
  • Land Area: 6,682 SF
  • Year Built: 1956
  • Closing Date: 1/11/19
  • Units: 4
  • Current GRM: 11.85
  • Current Cap Rate: 5.87%
  • Price Per Unit: $312,500
  • Current NOI: $73,359

Lyon Stahl Investment Real Estate

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