222 N LOCUST, Inglewood, CA 90301

$1,889,000

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List Price
$1,889,000
Price Change
▼ $60,000 1780043205
Status
ACTIVE
MLS#
SB26017235
Year Built
1949
Lot Size
10,001
Acres
0.23
Lot Location
6-10 Units/Acre
Days on Market
187
Property Type
Multifamily
Property Sub Type
Apartment

Property Description

LOCATED IN HIGHLY DESIRABLE AREA, WALKING DISTANCE TO INGLEWOOD CITY HALL AND THE FLORENCE/LA BREA METRO STATION. THE TWO BUILDINGS WITH A TOTAL SQUARE FOOTAGE OF 5,187 ON A 9,998 SQUARE FOOT LOT HAVE 8 UNITS WITH A MIX OF TWO 2 BEDROOMS, 1 BATHROOM, FOUR 1 BEDROOM, 1 BATHROOM AND TWO STUDIOS. THESE TWO BUILDINGS ARE WELL MAINTAINED WITH MAJOR REPAIR TO THE SEWER MAIN LINE, NEW BREAKER PANELS & 220 AMP SERVICE TO THE ENTIRE COMPLEX. CLOSE TO SOFI STADIUM, THE KIA FORUM, YOUTUBE THEATER, INTUIT DOME, AND THE BECKMAN YOLA CENTER. IT IS A GOOD INVESTMENT FOR SAVY INVESTORS OR FIRST TIME BUYER LOOKING FOR PASSIVE INCOME AND LONG TERM APPRECIATION. THERE IS A HIGH DEMAND OF RENTAL UNIT IN THE CITY OF INGLEWOOD BECAUSE OF ITS PROXIMITY TO LAX, THE 405 FREEWAY AND THE LA METRO K LINE STATION. LOCATED IN SB 79 ZONE.

Additional Information

Pool Description
None
Garage Spaces Total
8
Sewer
Private Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
8
Gross Scheduled Income
$147,600
Operating Expense
48567

Listing courtesy of Listing Agent: Messou Attai (ATTAIMES@AOL.COM) from Listing Office: Home Smart Realty Group.

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.