The subject property was built in 1959 and consists of (2) Studio / 1 Bath, (11) 2 Bed / 1 Bath, and (1) 3 Bed / 2 Bath. This is an excellent cash flow opportunity listed at a 7.19% cap rate and 9.68 grm while still offering upside potential. The building is spread out over 10,487 square feet of gross leasable area and sits on a large 15,138 square foot lot that is zoned INR3YY. The property is very well located in northwest Inglewood, just a short distance to Sofi Stadium, the Intuit Dome, and the Hollywood Park Casino development. The Fox Hills mall is located just to the north providing tenants in this area with plenty of shops, dining, and entertainment.
Property Details
Price:
$3,300,000
MLS #:
24424373
Status:
Pending
Baths:
0
Address:
530 Venice Way
Type:
Residential Income
Neighborhood:
101northinglewood
City:
Inglewood
Listed Date:
Aug 7, 2024
State:
CA
ZIP:
90302
Lot Size:
15,143 sqft / 0.35 acres (approx)
Year Built:
1959
See this Listing
Mortgage Calculator
Schools
Interior
Cooling
Wall/ Window Unit(s)
Fireplace Features
None
Heating
Wall Furnace
Exterior
Lot Features
Flag Lot, Irregular Lot
Parking Features
Carport
Parking Spots
12.00
Pool Features
None
Roof
Composition, Shingle
Security Features
Smoke Detector(s), Carbon Monoxide Detector(s)
Spa Features
None
Stories Total
2
View
City Lights
Financial
Tenant Pays
Gas, Electricity
Map
Community
- Address530 Venice Way Inglewood CA
- Area101 – North Inglewood
- CityInglewood
- CountyLos Angeles
- Zip Code90302
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Courtesy of Lyon Stahl Investment Real Estate, Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.530 Venice Way
Inglewood, CA
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