713 Edgewood Street

Inglewood, CA 90302

$2,345,000

Listed Price
10

bed Beds

8

shower Baths

6,220 sqft

straighten / sqft

1972

calendar_month Built

Property Description

ASSUMABLE $1.18M CHASE LOAN AT 4.70% INTEREST-ONLY THRU AUGUST 2027... This 8-unit apartment building is located in prime Inglewood, one of the hottest up-and-coming markets in Los Angeles. The property was built in 1972 and is comprised of (6) 1-bed / 1-bath units and (2) 2-bed /1-bath units. The property sits on a huge lot, nearly 9,000 square feet, and is zoned R3. The two-bedroom units have spacious balconies, and one of the one-bedrooms at the front of the building also has a large private balcony. Significant capital improvements have gone into the building, including new mainline sewer pipes, updated electrical components, and extensive interior renovations in 4 out of the 8 units. These tasteful renovations include new flooring, new kitchen/bathroom cabinets & fixtures, new stainless-steel appliances, bathroom tiling, recessed lighting, as well as new blinds and fans. The property also features 8 parking spaces and a community laundry area for additional income. Additionally, the property is being offered with a fantastic assumable Chase loan at 4.7% interest-only through August 2027, providing a 5.70% cash-on-cash. Lastly, the property offers room to build at least 3-4 ADUs in the tuck-under parking area, detached garage and attached storage areas (Buyer to verify).

Interior Features

Laundry Information
Location(s) Common Area
Bedroom Information
Bedrooms 10
Bathroom Information
Bathrooms 8

Listing Information

Address 713 Edgewood Street
City Inglewood
State CA
Zip 90302
County Los Angeles
Listing Agent Jake Glaser DRE#02128816
Co-Listing Agent Taylor Avakian DRE#02060040
Courtesy Of Lyon Stahl Investment Real Estate, Inc.
MLS 24409925
List Price $2,345,000
Status Active Under Contract
Type Residential Income
Structure Size 6,220
Lot Size 8,918
Year Built 1972
DOM 83

Exterior Information

Maps

Listing information courtesy of: Jake Glaser, Taylor Avakian, Lyon Stahl Investment Real Estate, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 19th, 2024 at 3:50 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.