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 additional ADUs. Drought tolerant landscaping, separate laundry facility, and one completely renovated 2 bedroom unit 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 or add additional units, and the first-time investor interested in generating passive income.
Property Details
Price:
$1,550,000
MLS #:
CV25061631
Status:
Pending
Baths:
0
Address:
116 S Fir Avenue
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
101northinglewood
City:
Inglewood
Listed Date:
Apr 7, 2025
State:
CA
ZIP:
90301
Lot Size:
8,000 sqft / 0.18 acres (approx)
Year Built:
1963
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Schools
Interior
Fireplace Features
None
Exterior
Community Features
Suburban
Foundation Details
Slab
Garage Spaces
0.00
Lot Features
6-10 Units/ Acre
Parking Features
None
Parking Spots
9.00
Pool Features
None
Sewer
Public Sewer
Spa Features
None
Stories Total
2
View
None
Water Source
Public
Financial
Association Fee
0.00
Map
Community
- Address116 S Fir Avenue Inglewood CA
- Area101 – North Inglewood
- CityInglewood
- CountyLos Angeles
- Zip Code90301
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116 S Fir Avenue
Inglewood, CA
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