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119 N Cedar Avenue

Inglewood, CA 90301
  • $1,799,000
  • STATUS: CONTINGENT
  • ON SITE: 38 Days
  • ID#: PV24202830
Under Contract
UPDATED: 68 min ago
$1,799,000
  • 8
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Legacy property, prized 7-unit apartment building in the bustling city of Inglewood. Owner by the same family for 45+ years. Located within steps to the LA Metro rail line expansion, and all the high-demand amenities that Inglewood offers. Close distance to SoFi Stadium, Kia Forum, Intuit Dome, Hollywood Park, and too much more to name. Huge units, with plenty of upside potential. Nearly 9000 sf total building size, with the 2 bedroom units ~1150 sf each, and 3 bedroom unit at over ~1600 sf. Rarely will you find an apartment building with such large units, and great unit mix. Long-term tenants in place. Gated parking area plus a garage. Buyer to verify all information contained herein. Legacy property, prized 7-unit apartment building in the bustling city of Inglewood. Owner by the same family for 45+ years. Located within steps to the LA Metro rail line expansion, and all the high-demand amenities that Inglewood offers. Close distance to SoFi Stadium, Kia Forum, Intuit Dome, Hollywood Park, and too much more to name. Huge units, with plenty of upside potential. Nearly 9000 sf total building size, with the 2 bedroom units ~1150 sf each, and 3 bedroom unit at over ~1600 sf. Rarely will you find an apartment building with such large units, and great unit mix. Long-term tenants in place. Gated parking area plus a garage. Buyer to verify all information contained herein.

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San Diego MLS logo 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 © 2024 San Diego MLS, Inc. Licensed in the state of California.
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119 N Cedar Avenue Inglewood, CA 90301

  • Price: $1,799,000
  • Status: CONTINGENT
  • On Site: 38 Days
  • Updated: 68 min ago
  • ID#: PV24202830
8
Beds
0
Baths
0
½ Baths
0.17
Acres
Neighborhood:
Inglewood (90301)
County:
Los Angeles
Area:
Inglewood (90301)
Property Description
Legacy property, prized 7-unit apartment building in the bustling city of Inglewood. Owner by the same family for 45+ years. Located within steps to the LA Metro rail line expansion, and all the high-demand amenities that Inglewood offers. Close distance to SoFi Stadium, Kia Forum, Intuit Dome, Hollywood Park, and too much more to name. Huge units, with plenty of upside potential. Nearly 9000 sf total building size, with the 2 bedroom units ~1150 sf each, and 3 bedroom unit at over ~1600 sf. Rarely will you find an apartment building with such large units, and great unit mix. Long-term tenants in place. Gated parking area plus a garage. Buyer to verify all information contained herein. Legacy property, prized 7-unit apartment building in the bustling city of Inglewood. Owner by the same family for 45+ years. Located within steps to the LA Metro rail line expansion, and all the high-demand amenities that Inglewood offers. Close distance to SoFi Stadium, Kia Forum, Intuit Dome, Hollywood Park, and too much more to name. Huge units, with plenty of upside potential. Nearly 9000 sf total building size, with the 2 bedroom units ~1150 sf each, and 3 bedroom unit at over ~1600 sf. Rarely will you find an apartment building with such large units, and great unit mix. Long-term tenants in place. Gated parking area plus a garage. Buyer to verify all information contained herein.
Exterior Features

Pool N/K Site Sidewalks Spa N/K

Interior Features

Total Baths Unit1 2 Total Baths Unit2 2 Total Baths Unit3 2 Total Baths Unit4 2

Property Features

Actual Cap Rate 3.61 Annual Expense Actual 53469 Buildings 1 Cfd Mello Roos Fee 0.0 Cfd Mello Roos Fee Reflects Year Gross Scheduled Income Actual 118476 Tenant Pays Electricity Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 0.0 Unit2 Rent Actual 1800.0 Unit3 Rent Actual 1950.0 Unit4 Rent Actual 1259.0 Zoning Assessor

San Diego MLS logo Listing provided courtesy of Rodman Amiri of Merit Real Estate: 310-989-6704. Listing information © 2024 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo 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 © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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Steven G. Fraioli & Associates
13176 Midbluff Ave
San Diego CA, 92128