817 S Grevillea Ave, Inglewood, CA 90301

817 S Grevillea Ave, Inglewood, CA 90301

Inglewood, CA

Property Description

817 Grevillea Ave is an excellent opportunity for an investor looking to develop in the rapidly growing city of Inglewood. The subject property is in an outstanding pocket of Inglewood within walking distance of everyday errands and So-Fi stadium (walk score of 87). This unique opportunity boasts all single storied units and ample parking, all sitting on an over 19,000 sq ft P1 lot. This sought after opportunity located in the city of Inglewood has grown to a preferred city of investment with its close proximity to the 405, 105, LAX, and Hollywood Park. The ongoing Hollywood Park entertainment complex includes a state of the art billion-dollar Sofi-Stadium which hosted Super Bowl LVI and is scheduled to host the College Football Playoff National Championship in Jan. 2023, WrestleMania 39 in April 2023, and the opening and closing ceremonies (as well as soccer and archery events) of the 2028 Summer Olympics. Buyer to verify all information.

Property Features

  • Sale Price: $2,499,000
  • Area Size: 3,867 Sq. Ft.
  • Land Area: 19,186 Sq. Ft.
  • Year Built: 1915
  • Listing Date: 7/28/2022
  • Closing Date: 9/29/2022
  • Units: 12
  • Current GRM: 13.72
  • Current Cap Rate: 4.23%
  • Price Per Unit: $208,250
  • Market GRM: 11.51
  • Market Cap Rate: 5.56%
  • Current NOI: $ 105,694