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Berkshire Hathaway HomeServices California Properties
911 E La Palma Dr Unit K, Inglewood, CA 90301
- $2,250,000
- 11
- BD
- 10
- BA
- 5,521
- SqFt
- List Price
- $2,250,000
- MLS#
- 26107674
- Year Built
- 1937
- Bedrooms
- 11
- Bathrooms
- 10
- Living Sq. Ft
- 5,521
- Lot Size
- 11,492
- Days on Market
- 12
- Property Type
- Multifamily
Property Description
911 E La Palma Dr | 10-Unit Multifamily, Inglewood. 1937-built asset totaling 5,521 SF on an 11,488 SF lot on the north side of E La Palma Dr between Larch St and Myrtle Ave, less than a mile from SoFi Stadium and within about a mile of Intuit Dome and the Kia Forum. The property features (10) 1BR/1BA units averaging 470 SF, each upgraded throughout, plus 10 on-site parking spaces and an established RUBS program. All ten units are occupied at an average rent of $1,832 against a $1,975 market rent, and the property is subject to the Inglewood Housing Protection Ordinance. Offered at $2,250,000 ($225,000/unit | $407.53/SF) with a 6.59% in-place cap rate, the story here is simplicity a fully occupied, upgraded asset in the stadium district with a 7.30% pro forma cap and no capital program required.
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Additional Information
- Other Buildings
- None
- Heat
- None
- Cooling
- None
- Number of Cars in Garage
- Private
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Courtesy of Lyon Stahl Investment Real Estate, Inc., Taylor Avakian - CA DRE#02060040
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