614 Myrtle Avenue, Inglewood, CA 90301
List Price: $2.08M
Listing Status: ActiveUnderContract
0Days on Market: 22
15 Bedrooms · 9 Bathrooms · 6,538 sq ft
Property Type: ResidentialIncome
Year Built: 1986
Lot Size: 9,463 sq ft
MLS Number: 26669717
About This Property
Outstanding Inglewood Location - 6 Blocks from SoFi Stadium, The Forum & Upcoming Inglewood Transit Connector (ITC) and Less Than 1 Mile from Intuit Dome | 6.90% Current Cap Rate & 10.38 Current GRM | 7.90% Pro-Forma Cap Rate & 9.37 Pro-Forma GRM | Outstanding Unit Mix of 4-Bedroom, 3-Bedroom & 2-Bedroom Units | Large 9,463-SF Lot | Originally Built as 4-Bedroom/2-Bathroom House - Expanded in 1986 (With Permits) to Add 5 Additional Apartment Units | Four Units Renovated with New Kitchens, Quartz Counters, New Appliances, New Bathrooms, Upgraded Electrical with New Subpanels, HVACs, Ceiling Fans, New Floors & Washer/Dryer Hook-Ups | Property Enrolled in City of Inglewood Sound Insulation Program Which Would Install New Soundproof Doors, Soundproof Windows & Ducted HVACs at No Cost to Owner (Buyer to Verify) | Storage Room & Total of 14 Parking Spaces (Including Two Double-Car Garages) | Desirable Opportunity to Add ADUs - Plans In-Place to Add New 2-Bedroom/2-Bathroom ADU | Centrally Located Near Hollywood Park, Youtube Theatre, Crenshaw/LAX Metro Line Station, SpaceX, Tesla & LAX Airport