875 Victor Ave, Inglewood, CA 90302

Property Description

The Sycamores a landmark-type asset in NW Inglewood - built and operated by one family, since 1972. There is no comp for this asset in Inglewood! The asset is a 50 unit complex, on over an acre of land, surrounding a trickling stream, courtyard and pool - 66,302 square feet, 1.07 acres. In addition to the asset's unique size, the amenities are many: huge 2-story rec room with 2 billiards tables/fireplace/kitchen, as well as dry sauna, library, weight room, aerobic room, rooftop putting green, onsite office, onsite toolshop, and several storage rooms for tenants and landlord. The units are "all electric" and all units are separately metered. The are 3 laundry rooms with "owned" machines and 2 elevators. Condo Conversion seems to be a likely option, particularly with the 100 space parking structure in the rear, accessing the alley. Inglewood is a gentrifying, "pro-growth" city - i.e. the renaissance of the Forum, the redevelopment of Hollywood Park, and Stan Kroenke's recent purchase of 60 acres (NFL Football?). Inglewood is "logistically desirable" - sandwiched between LA, the Westside and the South Bay. And, this asset is what is widely considered Inglewood's best pocket, aka "NW Inglewood" - off of the intersecton of La Cienega and Centinela.