Current 5.91% cap and 11.41 GRM with ADU opportunity! Once
stabilized and ADUs are built out, the property will operate at
a 9.18% cap and 7.95 GRM. 10329 S Inglewood Ave is a stunning
asset and perfect for any investor looking to capitalize on the
Inglewood market. Beautifully renovated 6 unit building
located near SoFi Stadium, Intuit Dome and Hollywood Park
Development. 3/6 units have gone extensive renovations
including new floors, cabinets, fixtures, bathrooms and
appliances. The subject property has been professionally
managed and is a low-maintenance, high cash flowing asset.
Inglewood Ave is currently operating at a 5.91% cap and 11.41
GRM with upside. Take advantage of 5.25% interest rate, fixed
for 5 years with only 27% down!
The property is comprised of (6) 2Bed+1Bath units with the
opportunity to add (2) ADUs above the rear parking structure.
Once the ADUs are constructed and the all units are rented at
market, the property will operate at a 9.18% cap rate and 7.95
GRM. With a oversized lot and large carport, no parking will be
taken away when the ADUs are constructed. There is plenty of
parking on-site, as well as a laundry room. This is ideal for any
investor looking for a low-maintenance, high cash flowing
asset that still has room for additional income.
With close proximity to SoFi, Intuit and Hollywood Park
Development, 10329 S Inglewood Ave supports high rental
income with even better upside and will appreciate greatly
due to location.