A value-add, 18 unit investment in a location ‘on the come’…. in the shadow SoFi Stadium, America’s highest grossing concert venue in 2023. Grossing $175MM and also employing 2,600 event day employees. SoFi is next door to the West Coast Headquarters of the NFL – 1,000 local employees and $20B in 2023 revenue. Next to that, the YouTube Theater – and The Forum, 5 minutes to the North and the new, $2B Intuit Dome, 5 minutes to the South. Lastly, the subject property is a block from Centinela Hospital, with 1,332 employees. Forgot to mention, the 57,000 badge holders at LAX, nearby, as well. The building has a secured-access, renovated lobby, leading to a landscaped courtyard. In addition, there are newer windows throughout. Secured-access, carport parking, in rear. Thirteen 1s, Five 2s, 13K sq. ft. on a massive, 18K+ footprint. 5% cap from the jump. The building is a ‘No Brainer’ operationally and affords you a path toward a 6.5% market cap rate. EXCLUSIVELY LISTED AT $5,199,000.
Property Details
Price:
$5,199,000
MLS #:
24379261
Status:
Active
Baths:
0
Address:
940 Larch Street
Type:
Residential Income
Neighborhood:
102southinglewood
City:
Inglewood
Listed Date:
Apr 8, 2024
State:
CA
ZIP:
90301
Lot Size:
18,389 sqft / 0.42 acres (approx)
Year Built:
1959
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Schools
Interior
Cooling
None
Heating
Wall Furnace
Exterior
Parking Features
Carport
Parking Spots
0.00
Financial
Map
Community
- Address940 Larch Street Inglewood CA
- Area102 – South Inglewood
- CityInglewood
- CountyLos Angeles
- Zip Code90301
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Courtesy of CBRE, 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.
940 Larch Street
Inglewood, CA
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