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701 S Grevillea Avenue

Inglewood, CA 90301
  • $2,199,000
  • STATUS: ACTIVE
  • ON SITE: 224 Days
  • ID#: OC23024051
UPDATED: 63 min ago
$2,199,000
  • 8
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

A Fantastic Investment Opportunity to own a 2 story, 7 unit apartment complex with a great unit mix consisting of (1) 3 bedrooms-3 baths, (2) 2 bedrooms-2 baths, and (4) 1 bedroom-1 bath units. This apartment building is centrally located near the LAX airport, Sofi Stadium, West Los Angeles, the South Bay and local beaches. The building is well laid out and also features 11 carport parking spaces that are larger than normal. The complex also generates additional income from an onsite laundry room and rented parking spaces. This property offers a huge upside in rents. Property is being sold as is and with no warranties or guarantees. Cap rate is based on pro-forma rents. Please do not disturb tenants. Property will only be shown with an accepted offer. A Fantastic Investment Opportunity to own a 2 story, 7 unit apartment complex with a great unit mix consisting of (1) 3 bedrooms-3 baths, (2) 2 bedrooms-2 baths, and (4) 1 bedroom-1 bath units. This apartment building is centrally located near the LAX airport, Sofi Stadium, West Los Angeles, the South Bay and local beaches. The building is well laid out and also features 11 carport parking spaces that are larger than normal. The complex also generates additional income from an onsite laundry room and rented parking spaces. This property offers a huge upside in rents. Property is being sold as is and with no warranties or guarantees. Cap rate is based on pro-forma rents. Please do not disturb tenants. Property will only be shown with an accepted offer.

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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 © 2023 San Diego MLS, Inc. Licensed in the state of California.
www.sandiegoareahomesforsale.co/homes/136882504
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701 S Grevillea Avenue Inglewood, CA 90301

  • Price: $2,199,000
  • Status: ACTIVE
  • On Site: 224 Days
  • Updated: 63 min ago
  • ID#: OC23024051
8
Beds
0
Baths
0
½ Baths
0.22
Acres
Neighborhood:
Inglewood (90301)
County:
Los Angeles
Area:
Inglewood (90301)
Property Description
A Fantastic Investment Opportunity to own a 2 story, 7 unit apartment complex with a great unit mix consisting of (1) 3 bedrooms-3 baths, (2) 2 bedrooms-2 baths, and (4) 1 bedroom-1 bath units. This apartment building is centrally located near the LAX airport, Sofi Stadium, West Los Angeles, the South Bay and local beaches. The building is well laid out and also features 11 carport parking spaces that are larger than normal. The complex also generates additional income from an onsite laundry room and rented parking spaces. This property offers a huge upside in rents. Property is being sold as is and with no warranties or guarantees. Cap rate is based on pro-forma rents. Please do not disturb tenants. Property will only be shown with an accepted offer. A Fantastic Investment Opportunity to own a 2 story, 7 unit apartment complex with a great unit mix consisting of (1) 3 bedrooms-3 baths, (2) 2 bedrooms-2 baths, and (4) 1 bedroom-1 bath units. This apartment building is centrally located near the LAX airport, Sofi Stadium, West Los Angeles, the South Bay and local beaches. The building is well laid out and also features 11 carport parking spaces that are larger than normal. The complex also generates additional income from an onsite laundry room and rented parking spaces. This property offers a huge upside in rents. Property is being sold as is and with no warranties or guarantees. Cap rate is based on pro-forma rents. Please do not disturb tenants. Property will only be shown with an accepted offer.
Exterior Features

Exterior BlockStoneStuccoWood Lot Dimensions Approx 50' X 191' Parking Garage Desc Unit1 Assigned Pool N/K Roof Composition Site CurbsSidewalks Spa N/K Topography Level Units With Patios 6

Interior Features

Cooling Central Forced Air Stories 2 Story Total Baths Unit1 3 Total Baths Unit2 2 Total Baths Unit3 2 Total Baths Unit4 1 Units With Range Oven 7 Units With Washers 7

Property Features

Actual Cap Rate 5.66 Annual Expense Actual 52372 Assessments Yes/Remarks Buildings 1 Cfd Mello Roos Fee 0.0 Cfd Mello Roos Fee Reflects Year Gross Scheduled Income Actual 182530 Home Owners Fees 0.0 Possession Close Of Escrow Tenant Pays Electricity Terms Cash Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 1350.0 Unit2 Rent Actual 1300.0 Unit3 Rent Actual 1065.0 Unit4 Rent Actual 980.0 Zoning Public Rec

San Diego MLS logo Listing provided courtesy of Giovanni Mejia of First Team Real Estate: 949-292-9764. Listing information © 2023 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 © 2023 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