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$4,475,000
Est. payment /mo
24 Baths
7,592 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 7,592 sqft
Price per Sqft $589
MLS Listing ID 26942665
HOA Y/N No
Year Built 1957
Lot Size 8,642 Sqft
Property Description
11123 South Inglewood Avenue is a well-maintained, 24-unit multifamily community located in the unincorporated Los Angeles County submarket of Lennox, immediately adjacent to the City of Inglewood. Comprising 7,592 square feet on an 8,641-square-foot lot (zoned LCC2*), the building features an efficient, all-studio unit mix. The property offers stable, immediate cash flow coupled with exceptional upside potential. Current rents range from $1,146 to $1,595 per month, with existing leases trailing prevailing market averages. With two current vacancies, an incoming owner has the immediate opportunity to achieve top of-market rents, as well as tremendous upside upon turnover. Strategically positioned between LAX and the Inglewood Sports & Entertainment District, this asset enjoys exceptional connectivity to major regional employment centers and infrastructure developments
Location
State CA
County Los Angeles
Area 105 - Lennox
Zoning LCC2YY
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Laundry Common Area
Exterior
Parking Features Uncovered
Pool None
View Y/N Yes
View City Lights
Accessibility None
Total Parking Spaces 13
Private Pool No
Building
Faces North
Story 2
Entry Level Two
Architectural Style Contemporary
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4039020004
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Listed by Jerome McAlpin McAlpin & Company #00939725
NEARBY SCHOOL & BUSINESS
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