401-409 W Regent St, Inglewood, CA 90301

401-409 W Regent St, Inglewood, CA 90301

Inglewood, CA

Property Description

401-409 W. Regent Street, is an excellent opportunity for one in a 1031 exchange and/or buyer looking to invest in the rapidly developing City of Inglewood. Subject property is a low density 5-unit complex in the heart of Inglewood within walking distance (high walk score of 79) for everyday errands and City Hall + Library. 3 of the units have washer & dryer hookups & separate front and back doors – just like a house plus yard. 2 of the units are located on top of the garages with shared utility room. Each unit has enclosed one car garage + parking in the driveway + street parking. Long term tenants + Upside in rent. High density INR4 Zoning + Corner location – great for future development + potential to convert garages into 2 ADU’s, increasing the investment to over a 7% CAP rate!(Buyers to verify). Located less than 10 minutes away from multi-billion-dollar projects of Hollywood Park and the Forum, this property supports high rental income, where rents are trending up. Situated on a large 7,500+ sq. ft. lot, the subject property is a commuter’s dream given the proximity to the 405 Fwy and 105 Fwy. The City of Inglewood is a preferred City for Investment, located close to LAX Airport and with ongoing construction of Hollywood Park, an entertainment complex and master planned neighborhood. Hollywood Park includes state of the art billion-dollar Sofi Stadium, which hosted Super Bowl LVI (February 2022), and is scheduled to host the College Football Playoff National Championship in January 2023, WrestleMania 39 in April 2023, and the opening and closing ceremonies (as well as soccer and archery events) of the 2028 Summer Olympics. Clippers Arena under construction is located just south of Sofi. Other upcoming developments in the area are LA Phil Yola Center, NFL Media Center, Arya Hotel + numerous residential developments. Don’t miss this Great Opportunity to invest in this Prime Upcoming Area!

Property Features

  • Sale Price: $1,445,300
  • Area Size: 3,582 SF
  • Year Built: 1942
  • Listing Date: March 14, 2022
  • Units: 5
  • Current GRM: 16.33
  • Current Cap Rate: 3.54%
  • Market GRM: 10.06
  • Market Cap Rate: 7.16%
  • Current NOI: $52,566