326 W Queen St, Inglewood, CA 90301

326 W Queen St, Inglewood, CA 90301

Inglewood, CA

Property Description

Presenting 326 Queen St, Inglewood! This 16-Unit property has a great unit mix and is in a prime northwest Inglewood location! This property is being offered at a 4.06% CAP, producing $378,132 in gross income. The unit mix is comprised of (4) 1-bedroom 1-bath, (8) 2-bedroom 2-bath and (4) 3- bedroom 2-bath units. Tenants enjoy gated and secure entry with gated underground parking, private patios, a beautiful swimming pool and onsite laundry facilities. This offering includes 23 onsite parking and has recently undergone renovations including but not limited to exterior paint, landscaping, and interior renovations to roughly 30% of the units which includes new floors, new kitchens, new bathrooms, paint, electrical and plumbing upgrades as well as new windows! Given the property’s ideal location, strong unit mix, and upside in rent potential, 326 Queen St is an excellent investment opportunity for any investor seeking growth, stability, and a hedge against inflation.

Property Features

  • Sale Price: $5,100,000
  • Year Built: 1967
  • Listing Date: February 22, 2022
  • Closing Date: April 19, 2022
  • Units: 16
  • Current GRM: 14.55
  • Current Cap Rate: 4.06%
  • Price Per Unit: $343,750
  • Market GRM: 12.33
  • Market Cap Rate: 5.25%

Lyon Stahl Investment Real Estate

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