$1,850,000
746 Cory Drive Inglewood, CA 90302
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$1,850,000
Est. payment /mo
3 BD
2 BA
9,645 Sqft Lot
Open 12/4 12PM-2PM
746 Cory Drive Inglewood, CA 90302
OPEN HOUSE
Wed Dec 04, 12:00pm - 2:00pm
UPDATED:
11/20/2024 04:43 AM
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB24236205
Bedrooms 3
HOA Y/N No
Lot Size 9,645 Sqft
Property Description
PRIME NW Inglewood Location. 8 unit apartment complex with recently upgraded Electrical panels and Roof (approx 10 yrs old). Great unit mix with a mix of Large one Bedrooms and Two Bedrooms. Price to Sell with a potential 6%+ Cap. Long Term tenants with significant upside in rents (Rent Roll attached). City of Inglewood allows a generous annual rent increase of 8.9% when rents are below their 80% FMR (Fair Market Value) which applies to all of the residents. Low Cost of operations as each tenant pays their own Hot Water with individual Hot Water Heaters in each unit. Tenants also benefit from a Gas servicing each unit (as with individual meters). Common area laundry on site. Parking area consists of Open Spaces (3), Carports (3), a 2 car enclosed garage plus and additional single enclosed garage. Amazing street presence. Pride of Ownership asset. Seller (and partners) has owned this asset for 24+ years and is retiring / dissolving the partnership. No Seller carrybacks of financing offers are considered.
PRIME NW Inglewood Location. 8 unit apartment complex with recently upgraded Electrical panels and Roof (approx 10 yrs old). Great unit mix with a mix of Large one Bedrooms and Two Bedrooms. Price to Sell with a potential 6%+ Cap. Long Term tenants with significant upside in rents (Rent Roll attached). City of Inglewood allows a generous annual rent increase of 8.9% when rents are below their 80% FMR (Fair Market Value) which applies to all of the residents. Low Cost of operations as each tenant pays their own Hot Water with individual Hot Water Heaters in each unit. Tenants also benefit from a Gas servicing each unit (as with individual meters). Common area laundry on site. Parking area consists of Open Spaces (3), Carports (3), a 2 car enclosed garage plus and additional single enclosed garage. Amazing street presence. Pride of Ownership asset. Seller (and partners) has owned this asset for 24+ years and is retiring / dissolving the partnership. No Seller carrybacks of financing offers are considered.
PRIME NW Inglewood Location. 8 unit apartment complex with recently upgraded Electrical panels and Roof (approx 10 yrs old). Great unit mix with a mix of Large one Bedrooms and Two Bedrooms. Price to Sell with a potential 6%+ Cap. Long Term tenants with significant upside in rents (Rent Roll attached). City of Inglewood allows a generous annual rent increase of 8.9% when rents are below their 80% FMR (Fair Market Value) which applies to all of the residents. Low Cost of operations as each tenant pays their own Hot Water with individual Hot Water Heaters in each unit. Tenants also benefit from a Gas servicing each unit (as with individual meters). Common area laundry on site. Parking area consists of Open Spaces (3), Carports (3), a 2 car enclosed garage plus and additional single enclosed garage. Amazing street presence. Pride of Ownership asset. Seller (and partners) has owned this asset for 24+ years and is retiring / dissolving the partnership. No Seller carrybacks of financing offers are considered.
Location
State CA
County Los Angeles
Area Inglewood (90302)
Zoning Assessor
Building
Lot Description Sidewalks
Story 2
Lot Size Range 7500-10889 SF
Others
Monthly Total Fees $174
Acceptable Financing Cash
Space Rent $1,575
Listing Terms Cash
Listed by The Holstein Group
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