116 S Fir Avenue
Inglewood, CA, 90301
$1,595,000
Beds
0 Baths
SqFt
0.18 Acres
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Located in the heart of Inglewood, this highly desirable property with a great unit mix of 6 generously proportioned apartments includes one (1) one-bedroom /one-bath unit, four (4) two-bedrooms/one bath units and one (1) three-bedrooms/2 baths unit. Held and meticulously maintained by the same family since 1977, this attractive building with a strong rental history and large upside potential features ample tuck-under and carport parking perfect for converting into multiple ADUs. Drought tolerant landscaping, separate laundry facility, and one completely renovated 2 bedroom unit (delivered vacant) with new appliances, countertops, fixtures and engineered wood flooring are also present in this complex. An added bonus is SB 721 balcony retrofit has already been completed! This property’s strategic location in the “City of Champions” offers quick and easy access to shopping, dining, and the nearby iconic sports and entertainment venues: Kia Forum, SoFi Stadium, YouTube Theatre, and the Beckman YOLA Center. Transportation is a breeze with hubs like LAX and the Florence/La Brea Metro Station only a few short miles away. Significant to know, the building is not in the LAX flight path. Additionally, Cozier Middle School, City Honors International Preparatory School, and Inglewood High School are all within blocks of this property. With a high demand for housing in the area, this property affords an excellent income-generating opportunity and is a wise investment for both the experienced investor looking to expand their portfolio and the first-time buyer interested in generating passive income.

Property Details

Price:
$1,595,000
MLS #:
CV24161630
Status:
Active
Baths:
0
Address:
116 S Fir Avenue
Type:
Residential Income
Subtype:
Commercial/Residential
Neighborhood:
101northinglewood
City:
Inglewood
Listed Date:
Aug 14, 2024
State:
CA
ZIP:
90301
Lot Size:
8,000 sqft / 0.18 acres (approx)
Year Built:
1963
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Community Features
Suburban
Foundation Details
Slab
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Lot Features
6-10 Units/ Acre
Parking Features
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Parking Spots
9.00
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None
Sewer
Public Sewer
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None
Stories Total
2
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Water Source
Public

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116 S Fir Avenue
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