826 N Market St is a stunning asset and perfect fit for any investor looking to capitalize on the Inglewood market. Beautifully renovated 10-unit building located in the nicest and most desirable pocket of Inglewood. Meticulous remodels include new appliances, fixtures, cabinets, countertops, flooring and bathrooms. This trophy asset would be the perfect opportunity for any investor looking for a low maintenance asset in a rapidly appreciating neighborhood.
The subject property has a unit mix consisting of (4) 2Bed/1Bath and (6) 1Bed/1Bath units with the opportunity to build (2) 2Bed/1Bath ADUs in the rear. Once built out, the new owner would collect an extra $4,100 gross per month. We have bids and a feasibility study completed costing around $300k to complete the project. Once the property is stabilized, it would operate at a 7.69 % CAP and 9.95 GRM. You can find the feasibility study and proposal in the offering memorandum.
With close proximity to multi-billion-dollar projects including the brand new NFL SoFi Stadium, Intuit Dome NBA Arena and Hollywood Park Development, 826 N Market St supports high rental income with even better upside and will appreciate greatly due to location.