530 Venice Way
Inglewood, CA 90302
10487 sqft | 25 beds | 0.35 acres | #24424373
Description
The subject property was built in 1959 and consists of (2) Studio / 1 Bath, (11) 2 Bed / 1 Bath, and (1) 3 Bed / 2 Bath. This is an excellent cash flow opportunity listed at a 7.19% cap rate and 9.68 grm while still offering upside potential. The building is spread out over 10,487 square feet of gross leasable area and sits on a large 15,138 square foot lot that is zoned INR3YY. The property is very well located in northwest Inglewood, just a short distance to Sofi Stadium, the Intuit Dome, and the Hollywood Park Casino development. The Fox Hills mall is located just to the north providing tenants in this area with plenty of shops, dining, and entertainment.
Property Details
- Lot DescriptionFlagLot, IrregularLot
- Property SubtypeResidentialIncome
- Property TypeMulti-Family
- CountyLos Angeles
- ViewCityLights
- Original List Price$3,300,000
- MLS #24424373
- MLS #24424373
- Cost3300000
- Acres0.3476
- Square Feet10487
- Year Built1959
- Bedrooms25
- Stories2
Location
Legal
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Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: William James (#CLW-X93306)
Listing Office: Lyon Stahl Investment Real Estate, Inc. (#CLW-X82195)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
