940 Larch Street
Inglewood, CA, 90301
$5,199,000
Beds
0 Baths
SqFt
0.42 Acres
Add
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
Ask a Question

See this Listing

Send
  

Mortgage Calculator

 

Schools

Interior

Cooling
None
Heating
Wall Furnace

Exterior

Parking Features
Carport
Parking Spots
0.00

Financial

Map

Community

Similar Listings Nearby

940 Larch Street
Inglewood, CA