8 Prime units North Inglewood – On the Market for the 1st time in over 40 years! This asset is a Gem that shouldn’t be overlooked. Owned by a former management company/operator that specialized in the city of Inglewood for 40+ years (recently retired). This asset is situated 3 short blocks to the new Sofi & Intuit Stadiums, Hollywood Park Casino, LA Forum, Centinela Hospital, and within a few miles to LAX, SpaceX, California Beaches, + all major freeways (105, 405, 90).
Consisting of an outstanding unit mix of Seven: 2 Bedrooms One Bath units and One: (Giant) 3 Bedroom 3 Bath unit, this superior unit mix promotes a very stable tenancy base with 50% of the residents residing on site for over 10 years+ and only 1 vacancy in the last 5 years!
The city of Inglewood has its own Rent Registry Department that is deemed by many investors as fair to landlords. Rents that are below predetermined Market Rents can be increased 8.8% annually – see the City of Inglewood Rent Registry Site for more information.
Upgrades: New Electrical Panels and Subpanels for all units! Roof is Approx 10 yrs old.
Notable Amenities: Private Patio on 3 Bedroom unit, 2 units with outdoor patios/decks, Covered Parking for 8 Cars, MTM Laundry Agreement (upside).
Upside: This asset is scheduled to received significant FAA Noise Abatement Upgrades in the near future (date to be determined)