4017-4025 W 111th St, Inglewood, CA 90304

4017-4025 W 111th St, Inglewood, CA 90304

Inglewood, CA

Property Description

4017 W 111th St is an excellent opportunity for one in a 1031 exchange, developer, and/or buyer looking to invest in the rapidly developing city of Inglewood. Located within walking distance from multi-billion dollar projects such as So-Fi Stadium, the Forum, and the future Clippers stadium, this property supports high rental income, where rents are trending up. Situated on a large 16,200 sq ft lot across from the upcoming Hilton Tru Hotel, the C2A zoning offers a unique opportunity to develop. On top of commercial zoning allowances, one has the option to develop projects tied to LAX.
Tenants enjoy ample space and privacy where the 9 units are spread out and consist of a 4-plex, two duplexes, and a single family house. The subject property offers plenty of parking with 5 garages(total of 8 spaces), 4 carports, plus surface/uncovered parking. The subject property has easy access to 105 fwy, 405 fwy, and LAX. An investor can also explore the possibility of adding two bonus units increasing the investment to over a 6% CAP rate!**Buyer to Verify** Lastly, the revitalization of Inglewood has just begun. With events such as the 2022 Super Bowl and 2028 Olympics, Inglewood’s becoming a mecca for entertainment in Los Angeles. Don’t miss out on this opportunity!

Property Features

  • Sale Price: $2,625,000
  • Area Size: 6627 SF
  • Land Area: 16225 SF
  • Year Built: 1968
  • Listing Date: 6/4/2021
  • Closing Date: 8/12/2021
  • Units: 9
  • Current GRM: 15.85
  • Current Cap Rate: 3.77%
  • Price Per Unit: $291,667
  • Market GRM: 11.39
  • Market Cap Rate: 6.43%
  • Current NOI: 98,936