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    10222 S Dixon Avenue

    Inglewood, CA 90303
    • $1,650,000
    • STATUS: ACTIVE
    • ON SITE: 36 days
    • ID#: 302979161
    UPDATED: 51 min ago
    $1,650,000
    • 7
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    This is an incredible opportunity to purchase an irreplaceable six-unit complex with a GRM of 12.97 and 4.93% cap rate across the street form Sofi Stadium. The property is comprised of (4) 2BD/1BA, (2) 1BD/1BA spacious units, has (6) on-site covered parking spaces and an on-site laundry room with owned machines. From 2018-2020, current ownership invested in major interior and exterior improvements, including double pane windows, new roof in 2015, new garage doors and remodeled 5 out of 6 unit interiors. M This is an incredible opportunity to purchase an irreplaceable six-unit complex with a GRM of 12.97 and 4.93% cap rate across the street form Sofi Stadium. The property is comprised of (4) 2BD/1BA, (2) 1BD/1BA spacious units, has (6) on-site covered parking spaces and an on-site laundry room with owned machines. From 2018-2020, current ownership invested in major interior and exterior improvements, including double pane windows, new roof in 2015, new garage doors and remodeled 5 out of 6 unit interiors. Most rents are near market levels keeping the asset insulated from both State and Local rent control policies while still offering approximately 10% upside in rents.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.talechia.com/homes/112532994
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    10222 S Dixon Avenue Inglewood, CA 90303

    • Price: $1,650,000
    • Status: ACTIVE
    • Updated: 51 min ago
    • ID#: 302979161
    7
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    Neighborhood:
    Inglewood (90303)
    County:
    Los Angeles
    Area:
    Inglewood (90303)
    Property Description
    This is an incredible opportunity to purchase an irreplaceable six-unit complex with a GRM of 12.97 and 4.93% cap rate across the street form Sofi Stadium. The property is comprised of (4) 2BD/1BA, (2) 1BD/1BA spacious units, has (6) on-site covered parking spaces and an on-site laundry room with owned machines. From 2018-2020, current ownership invested in major interior and exterior improvements, including double pane windows, new roof in 2015, new garage doors and remodeled 5 out of 6 unit interiors. M This is an incredible opportunity to purchase an irreplaceable six-unit complex with a GRM of 12.97 and 4.93% cap rate across the street form Sofi Stadium. The property is comprised of (4) 2BD/1BA, (2) 1BD/1BA spacious units, has (6) on-site covered parking spaces and an on-site laundry room with owned machines. From 2018-2020, current ownership invested in major interior and exterior improvements, including double pane windows, new roof in 2015, new garage doors and remodeled 5 out of 6 unit interiors. Most rents are near market levels keeping the asset insulated from both State and Local rent control policies while still offering approximately 10% upside in rents.
    Exterior Features

    Parking Garage Desc Unit1 Assigned Pool N/K Roof Composition Site Curbs Spa N/K

    Interior Features

    Cooling N/K Heat Equipment Floor Furnace Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1

    Property Features

    Actual Cap Rate 4.93 Annual Expense Actual 42056 Assessments Yes/Remarks Buildings 1 Gross Rent Multiplier Actual 12.97 Gross Scheduled Income Actual 126045 Home Owners Fees 0.0 Tenant Pays ElectricityGas/Propane Terms CashConventionalExchange Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 1730.0 Unit2 Rent Actual 1549.0 Unit3 Rent Actual 1730.0 Unit4 Rent Actual 1950.0 Zoning Assessor

    Listing provided courtesy of Nationwide Real Estate Execs. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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