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624-626 Arbor Vitae St, Inglewood, CA 90301

624-626 Arbor Vitae St, Inglewood, CA 90301
$2,400,000

Description

624-626 Arbor Vitae St, Inglewood 90301

  • 10 Units | $2,400,000
  • Located Approximately 240 Yards to the Entrance of the New $5B Sofi Stadium and Hollywood Park Entertainment Complex, Which Will Feature 1.5M Sq Ft of Retail and Office, 2,500 Residences, a Hotel, and a 20 Acre Park
  • Current Use = (1) SFR, (1) Duplex, (1) Vacant Triplex, & (1) 4-Unit (10 UNITS TOTAL) on 21,091 Sq Ft of Land
  • R-M Zoning Has Multiple Options Including the Development of 19 Condos or a 6 Story Medical / Office Building

Lyon Stahl Investment Real Estate is proud to present 624-626 Arbor Vitae St, two adjacent lots totaling 21,091 square feet that consist of a 4-unit building, vacant triplex, duplex, and a SFR (10 units in total). Both parcels are zoned RM (Residential & Medical) and are located approximately 240 yards to the entrance of the new $5B Sofi Stadium and Hollywood Park Entertainment Complex.

The new development will feature 1.5M of retail and office, 2,500 residences, a hotel, a 20-acre park. RM zoning allows for the development of up to 19 condos (1 condo/1,100 SF of land), or an office/medical building up to 6 stories.

Given the property’s incredible location, this is an excellent development of value-add investment opportunity with immediate upside potential.

Property Downloads

  • City: Inglewood
  • State/county: CA
  • Country: United States

Detail

Updated on April 30, 2020 at 9:40 am

  • Price: $2,400,000
  • List Date: 4/30/2020
  • Property Size: 5,826 Sq Ft
  • Land Area: 21,091 Sq Ft
  • Garage Size: 6 Garage Spaces
  • Year Built: 1910
  • Property Type: Multifamily
  • Property Status: Active
  • Numbers of Units: 10
  • GRM: 13.17
  • CAP RATE: 4.84%
  • Price per Unit: $240,000
  • Market GRM: 12.19
  • Market CAP RATE: 5.45%

Contact info

Brett Lyon
Brett Lyon
(310) 880-5328(310) 780-1899
Linkedin
Woody Stahl
Woody Stahl
(310) 880-0926(310) 710-3829
Linkedin

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