1100 S Inglewood Ave, Inglewood, CA 90301

Description

RARE INGLEWOOD TURN-KEY 6 UNIT MULTI-FAMILY ASSET- VACANT & REHABBED! Attention 1031 Exchange Buyers & Savvy Investors! Welcome to a literal "headache-free, maintenance-free" cash cow in the absolute heart of booming Inglewood. Situated on a prime corner lot, this immaculate 6-unit building is delivered vacant, allowing you to collect top-of-market rents on day one without any tenant displacement. Current Lease up in process for a clean, effortless portfolio addition! Projected 6.08% CAP Rate and 11.16 GRM. Unit Mix includes Five spacious 2-Bedroom / 1-Bath units, One spacious 1-Bedroom / 1-Bath unit, 11 total parking spaces (A premium mix of private garages, covered carports and uncovered spaces!). Seller currently in process of obtaining approved plans for ADU Garage Conversion to add a Jr 1bd/1ba unit generating an additional $2000/mo income. Zero Capital Expenditure Needed! This building was stripped down and completely modernized with flawless craftsmanship. Individually metered for gas and electric. We are talking all-new electrical, new plumbing, new electrical panels and wiring, new sewer line, new roof, new dual-pane windows, landscaping, in unit laundry, stainless steel appliances, and brand-new HVAC systems. It is essentially a brand-new building wrapped in a classic footprint. Because it sits on a prominent corner lot, units are flooded with buckets of natural light, offering excellent privacy and sweeping views. Located just minutes from LAX, SoFi Stadium, the Intuit Dome, the Kia Forum, and the Hollywood Park entertainment district, you are positioned directly in the path of rapid appreciation and endless tenant demand. Opportunities this clean, this upgraded, and vacant do not last in the South Bay. Come see this stunning one-of-a-kind asset while you still can! Seller reserves the right to approve applicants and execute a new lease during the marketing period.