ASSUMABLE $1.18M CHASE LOAN AT 4.70% INTEREST-ONLY THRU AUGUST 2027… This 8-unit apartment building is located in prime Inglewood, one of the hottest up-and-coming markets in Los Angeles. The property was built in 1972 and is comprised of (6) 1-bed / 1-bath units and (2) 2-bed /1-bath units. The property sits on a huge lot, nearly 9,000 square feet, and is zoned R3. The two-bedroom units have spacious balconies, and one of the one-bedrooms at the front of the building also has a large private balcony. Significant capital improvements have gone into the building, including new mainline sewer pipes, updated electrical components, and extensive interior renovations in 4 out of the 8 units. These tasteful renovations include new flooring, new kitchen/bathroom cabinets & fixtures, new stainless-steel appliances, bathroom tiling, recessed lighting, as well as new blinds and fans. The property also features 8 parking spaces and a community laundry area for additional income. Additionally, the property is being offered with a fantastic assumable Chase loan at 4.7% interest-only through August 2027, providing a 5.70% cash-on-cash. Lastly, the property offers room to build at least 3-4 ADUs in the tuck-under parking area, detached garage and attached storage areas (Buyer to verify).
Property Details
Price:
$2,345,000
MLS #:
24409925
Status:
Active Under Contract
Baths:
0
Address:
713 Edgewood Street
Type:
Residential Income
Neighborhood:
101northinglewood
City:
Inglewood
Listed Date:
Jun 28, 2024
State:
CA
ZIP:
90302
Lot Size:
8,918 sqft / 0.20 acres (approx)
Year Built:
1972
See this Listing
Mortgage Calculator
Schools
Interior
Heating
Wall Furnace
Exterior
Parking Features
Carport
Parking Spots
8.00
Stories Total
2
Financial
Map
Community
- Address713 Edgewood Street Inglewood CA
- Area101 – North Inglewood
- CityInglewood
- CountyLos Angeles
- Zip Code90302
Similar Listings Nearby
- 1805 S Longwood Avenue
Los Angeles, CA$2,999,999
4.84 miles away
- 1755 Hauser Boulevard
Los Angeles, CA$2,999,000
4.80 miles away
- 7113 S La Cienega Boulevard
Los Angeles, CA$2,998,000
0.91 miles away
- 4080 Madison Avenue
Culver City, CA$2,995,000
3.92 miles away
- 12028 Venice Boulevard
Los Angeles, CA$2,995,000
4.83 miles away
- 2125 West Boulevard
Los Angeles, CA$2,950,000
4.52 miles away
- 12420 Greene Avenue
Los Angeles, CA$2,900,000
4.08 miles away
- 3631 Motor Avenue
Los Angeles, CA$2,900,000
4.62 miles away
- 3765 Delmas
Los Angeles, CA$2,899,000
4.35 miles away
- 4065 Lafayette Place
Culver City, CA$2,850,000
3.99 miles away
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.
713 Edgewood Street
Inglewood, CA
LIGHTBOX-IMAGES