Property Details.

Price $1,589,000

Year Built 1944

# of Units 6

Price P/ Unit $264,833

Sq. ft. 3,123

Price p/ Sq. ft. $508.81

Current Cap Rate 3.57%

Proforma Cap Rate 5.53%

Lot Size 6,400 SF

Zoning IN1PPY

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632 West Hillsdale Street
Inglewood, CA 90302

About The Property

Kenny Stevens Team is pleased to present 632 W. Hillsdale Street, a six-unit apartment building in the rapidly evolving neighborhood of Inglewood. Build in 1944 and situated on a 6,400 SF lot zoned INP1YY, the subject property is an ideal owner/user opportunity with (1) 3+2 single-family home and (5) singles. Please note, one of the singles will be delivered VACANT upon close of escrow. The units offer a significant value-add opportunity to potential investors, as current rents are approximately 37% below market value for nicely remodeled units in the area. Additionally, 632 Hillsdale features three separate two-car garages, six surface parking spots, copper plumbing throughout 80% of the building and each unit has been separately metered for gas and electricity.

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