811 Austin Avenue, Inglewood, CA 90302-2720

811 Austin Avenue, Inglewood, CA 90302-2720

Inglewood, CA

Property Description

811 Austin Avenue is an eight-unit apartment complex situated on a large 12,881 sq. ft. lot located in the highly sought-after NW corridor of Inglewood. All eight units are comprised of 2-bedrooms/1.75-bathrooms and are extremely large, averaging more than 1,275 sq. ft. per unit! The units are well-laid out and feature walk in closets. Many of the units have been upgraded with vinyl plank flooring and LED lighting. In addition, every unit has its own private patio or balcony (several are enclosed adding even more living space). The property has gated parking with phone entry allowing tenants access to nine carport spaces (each with a private storage cabinet). Onsite amenities include a laundry room with a washer & dryer and separate storage room. The structure was built in 1961, has a pitched composition shingle roof, and has partial copper plumbing. The annualized gross scheduled income is more than $160,000 and offers potential buyers more than 15% in rental upside! At $225/sq. ft. this investment opportunity will not last long!

Property Features

  • Sale Price: $2,500,000
  • Area Size: 10,210 Sq Ft
  • Land Area: 10,210 Sq Ft
  • Year Built: 0.30 Acres
  • Listing Date: Sep 21, 2018
  • Closing Date: Jan 10, 2019
  • Units: 8