530 Venice Way Pending Save Request In-Person Tour Request Virtual Tour
Inglewood,CA 90302
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 10,487 sqft
Price per Sqft $314
MLS Listing ID 24-424373
Style Mid-Century
Bedrooms 25
Construction Status Updated/Remodeled
Year Built 1959
Lot Size 0.348 Acres
Acres 0.3476
Property Description
The subject property was built in 1959 and consists of (2) Studio / 1 Bath, (11) 2 Bed / 1 Bath, and (1) 3 Bed / 2 Bath. This is an excellent cash flow opportunity listed at a 7.19% cap rate and 9.68 grm while still offering upside potential. The building is spread out over 10,487 square feet of gross leasable area and sits on a large 15,138 square foot lot that is zoned INR3YY. The property is very well located in northwest Inglewood, just a short distance to Sofi Stadium, the Intuit Dome, and the Hollywood Park Casino development. The Fox Hills mall is located just to the north providing tenants in this area with plenty of shops, dining, and entertainment.
Location
State CA
County Los Angeles
Area North Inglewood
Zoning INR3YY
Rooms
Other Rooms None
Interior
Heating Wall
Cooling Wall/Window
Fireplaces Type None
Equipment None
Exterior
Garage Carport
Garage Spaces 12.0
Pool None
Waterfront Description None
View Y/N Yes
View City
Roof Type Composition, Shingle
Building
Lot Description Lot Shape-Flag, Lot Shape-Irregular, Single Lot
Story 2
Architectural Style Mid-Century
Level or Stories Multi/Split
Structure Type Stucco
Construction Status Updated/Remodeled
Others
Special Listing Condition Standard