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$5,000,000
Est. payment /mo
2 Beds
26 Baths
9,015 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 9,015 sqft
Price per Sqft $554
MLS Listing ID 26106463
Bedrooms 2
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1958
Lot Size 0.314 Acres
Property Description
Locations don't get much better than this! We're proud to present for sale, CenturyVillage Apartments, located in the heart of one of L.A. County's fastest growingcommunities of Inglewood home to SoFi Stadium, Kia Forum, and Intuit Dome.This pristine, fully renovated 26-unit multifamily property at 9910 S. Village Drive profits from a very healthy income, strong rent collections, and rental upside potential. The property is professionally managed with great attention to detail and pride of ownership. The desirable unit mix, consisting primarily of studios, provides a strong hedge against LA's persistent affordability challenges and positions the property to benefit from sustained demand for affordable housing. At an asking price of $192,308 per unit, Century Village Apartments is one of the lowest price-per-unit multifamily properties for sale in the city of Inglewood. Furthermore, at the current CAP rate of over 6% and a pro forma CAP rate of 7.48%, this is an exceptional investment opportunity to own a property in turnkey condition in one of the most desirable locations in Inglewood.While an investor can financially benefit from the property's cash flow and appreciation, tenants benefit from the quality of living and vast amenities that this property offers. Amenities include: Central Air Conditioning and Heating, Engineered Flooring, New Brushed Nickel Fixtures, New Modern Cabinetry, Quartz Countertops, Stainless Steel Stove and Refrigerator, Gated Access, Covered Parking, and Laundry Facilities. The property's accessibility to almost every local convenience imaginable is across the street or within blocks away. These conveniences include major shopping centers, big-box retailers, restaurants, grocery markets, fitness studios, home improvement stores, banks, cinemas, schools, churches, and a park. Again, locations don't get much better than this, and properties in such immaculate condition for $192,308 per unit rarely become available.
Location
State CA
County Los Angeles
Area 102 - South Inglewood
Zoning INC2VV
Interior
Interior Features Ceiling Fan(s)
Heating Wall Furnace
Fireplace No
Appliance Dishwasher
Exterior
Parking Features Assigned, Covered
Community Features Gated
Total Parking Spaces 20
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 4025017005
Security Features Gated Community,Resident Manager
Special Listing Condition Standard
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Listed by Joshua Klein Marcus & Millichap #02305212
Nearby Locations
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