
Closed Listing
20 Units in Inglewood @ 13.94 GRM & 4.11% CAP
1118 e fairview
sold in
Inglewood
Sold At
$
3,075,000
20
Number of Units
1944
Year Built
12,845
SF
Square Footage
30,348
SF
Lot Size
N/A
Zoning
1118 E Fairview Blvd, Inglewood, CA 90302
About the Property
Unique property and amazing potential providing once in a life time opportunity to own this 20 unit building on a 30,000+ SF Lot on 4 Separate Parcels! (APN#s 4013-002-001 & 002 & 003 & 005). Situated on a corner, ideal for development w/ access from Fairview & Hyde Park Bl. Current R3 zoning may allow 27 units(buyer to verify). Long term owners' current below market rents provide about 20% upside to the new owner creating high cash flow and equity growth ! Well Maintained Non Rent Control Asset. Bungalow style units have Front & Rear Access with garden/open yard. Units individually metered for gas, electric & water heater. Amenities include Owner owned Coin operated laundry room, central courtyard & Ample on-site parking. Fairview Hgts Metro Station (Crenshaw/LAX line) when completed will be only few blocks away.Inglewood is "hot" area with proposed 238 Acre Hollywood Park development project w/ stadium, Retail & Restaurant Buildings.
20
Number of Units
1944
Year Built
12,845
SF
Square Footage
30,348
SF
Lot Size
N/A
Zoning
Detailed Brochure on Real Estate Opportunities
Price P/ Unit
$153,750
Price p/ Sq. ft.
$239
Proforma Cap Rate
6.29




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Sales agent
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