10242 S 10th Avenue, Inglewood, CA 90303
List Price: $1.29M
Listing Status: Active
0Days on Market: 0
9 Bedrooms · 5 Bathrooms · 4,152 sq ft
Property Type: ResidentialIncome
Year Built: 1955
Lot Size: 6,897 sq ft
Garage Spaces: 5
MLS Number: 26872231
About This Property
Strong In-Place Financials: Attractive 6.93% current cap rate and 9.91 current GRM, providing investors with strong cash flow from day one. Additional Rental Upside: Pro-forma returns increase to an 8.15% cap rate and 8.81 GRM.Prime Inglewood Location: Located less than one mile from Intuit Dome, SoFi Stadium, Hollywood Park, YouTube Theater, Cosm Los Angeles, and the upcoming Inglewood Transit Connector. Sound Insulation Program Upgrades: Renovated through the City of Inglewood/LAX Sound Insulation Program with individual HVAC systems, upgraded electrical, newer windows, and upgraded doors. Attractive Unit Mix: Comprised of (4) 2-bedroom/1-bathroom units and (1) 1-bedroom/1-bathroom unit. Desirable Property Features: Recently painted building situated on a large 6,897-SF lot with a total of 5 garage parking spaces. Surrounded by Major Amenities & Employment: Conveniently located near The Village at Century, Costco, Target, SpaceX, Tesla Design Center, the Crenshaw/LAX Metro Line, and LAX Airport.
Listing provided by: Jonathan Nikfarjam DRE #01856803 310-593-9869 jonathan@shieldcre.com, Shield CRE, Inc.
Source: CRMLS, MLS #: 26872231
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.