713 Edgewood Street, Inglewood, CA 90302
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Listed Price :
$2,345,000
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Beds :
10
-
Baths :
8
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Property Size :
6,220 sqft
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Year Built :
1972
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. |
List Price |
$2,345,000 |
Status |
Active Under Contract |
Type |
Residential Income |
Structure Size |
6,220 |
Lot Size |
8,918 |
Year Built |
1972 |
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.