917 Kenwood St, Inglewood, CA 90301

917 Kenwood St, Inglewood, CA 90301

Inglewood, CA
$2,525,000

Property Description

We are pleased to present 917 Kenwood Street, Inglewood, a tremendous value-add opportunity. This 8-unit investment is nestled in a prime residential neighborhood within the trending community of Inglewood. All the units are spacious 2-bedroom / 1 bath, (+/- 1,010 square feet). The in-place rent rates average $1,860 monthly / $1.84 per sq. ft. With approximately 35% in rental upside, there is ample room to increase revenue in line with the growing demand of Inglewood’s thriving rental market. Recent improvements include brand-new A/C systems, upgraded electrical systems, and double-pane windows, ensuring energy efficiency and tenant comfort. The building features an on-site laundry facility (operating on a month-to-month contract), gated entries, and ample parking – two parking spaces per unit. Each unit is equipped with a separate gas and electric meter. The ideal location is near to an array of shops, dining, major entertainment, recreation options, transportation, and employment. Whether you’re a seasoned investor looking to expand your portfolio or seeking to enter the market, this 8-unit investment offers a blend of upgrades, strategic location, and the ability to increase rental income. A perfect combination of stability and growth potential.

Property Features

  • Sale Price: $2,525,000
  • Area Size: 8,086 Sq. Ft.
  • Land Area: 8,970 Sq. Ft.
  • Year Built: 1988
  • Listing Date: 9/6/2023
  • Closing Date: 10/30/2023
  • Units: 8
  • Current NOI: $107,619

Lyon Stahl Investment Real Estate

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