940 Larch Street, Inglewood, CA 90301
-
Listed Price :
$5,199,000
-
Beds :
23
-
Baths :
18
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Property Size :
12,665 sqft
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Year Built :
1959
Property Description
A value-add, 18 unit investment in a location 'on the come'.... in the shadow SoFi Stadium, America's highest grossing concert venue in 2023. Grossing $175MM and also employing 2,600 event day employees. SoFi is next door to the West Coast Headquarters of the NFL - 1,000 local employees and $20B in 2023 revenue. Next to that, the YouTube Theater - and The Forum, 5 minutes to the North and the new, $2B Intuit Dome, 5 minutes to the South. Lastly, the subject property is a block from Centinela Hospital, with 1,332 employees. Forgot to mention, the 57,000 badge holders at LAX, nearby, as well. The building has a secured-access, renovated lobby, leading to a landscaped courtyard. In addition, there are newer windows throughout. Secured-access, carport parking, in rear. Thirteen 1s, Five 2s, 13K sq. ft. on a massive, 18K+ footprint. 5% cap from the jump. The building is a 'No Brainer' operationally and affords you a path toward a 6.5% market cap rate. EXCLUSIVELY LISTED AT $5,199,000.
Interior Features
Bedroom Information |
Bedrooms |
23 |
Bathroom Information |
Bathrooms |
18 |
Interior Information |
Cooling Type |
None |
Listing Information
Address |
940 Larch Street |
City |
Inglewood |
State |
CA |
Zip |
90301 |
County |
Los Angeles |
Listing Agent |
Brice Head DRE #01330706 |
Courtesy Of |
CBRE, Inc. |
List Price |
$5,199,000 |
Status |
Active |
Type |
Residential Income |
Structure Size |
12,665 |
Lot Size |
18,389 |
Year Built |
1959 |
Listing information courtesy of: Brice Head, CBRE, Inc.. *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:45 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.