217 E Ivy Ave, Inglewood, CA 90302

Property Description

Lyon Stahl is proud to offer for sale a two-story, seven-unit apartment building located at 217 E. Ivy, Inglewood, CA. This property consists of 7 units and a non-conforming unit in highly desirable area of Inglewood. 217 E. Ivy was constructed of wood frame and stucco built in 1955 with a total rentable square footage of 5,051 on a 9,997 - square foot lot.
 The property consists of (6) 1-bed/1-bath units, (1) 2-bedroom unit and a non-conforming studio unit. The property is separately metered for gas and electric and tenants enjoy the convenience of easy parking. This property includes an asphalt paved parking area that provides for seven garage spaces. Street parking is available on the east side of the street. Additionally, tenants enjoy the use of the laundry room consisting of two coin-operated washers and dryers. The property is located in a densely populated location with a high rental demand. Additionally, the property is close to the 405, 105 and 110 freeway.
 Inglewood is on the verge of a major growth spurt. The new Hollywood Park development will house the Los Angeles Rams and bring retail and housing amenities to the market, but it isn't the only reason to get excited about the market. A dearth of housing supply and pressure from overcrowded South Bay cities is also helping to heat up the market.