Inglewood, CA 90302,713 Edgewood St
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Inglewood, CA 90302,713 Edgewood St
Inglewood, CA 90302,713 Edgewood St
Inglewood, CA 90302,713 Edgewood St
Inglewood, CA 90302,713 Edgewood St
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$ 2,345,000
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713 Edgewood St Inglewood, CA 90302

10 Beds

8 Baths

6,220 SqFt


UPDATED:

10/01/2024 09:53 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 6,220 sqft

Price per Sqft $377

MLS Listing ID 24-409925

Style Mid-Century

Bedrooms 10

Year Built 1972

Lot Size 8,918 Sqft

Acres 0.2047

Property Description

ASSUMABLE $1.18M CHASE LOAN AT 4.70% INTEREST-ONLY THRU AUGUST 2027... This 8-unit apartment building is located in prime Inglewood, one of the hottest up-and-coming markets in Los Angeles. The property was built in 1972 and is comprised of (6) 1-bed / 1-bath units and (2) 2-bed /1-bath units. The property sits on a huge lot, nearly 9,000 square feet, and is zoned R3. The two-bedroom units have spacious balconies, and one of the one-bedrooms at the front of the building also has a large private balcony. Significant capital improvements have gone into the building, including new mainline sewer pipes, updated electrical components, and extensive interior renovations in 4 out of the 8 units. These tasteful renovations include new flooring, new kitchen/bathroom cabinets & fixtures, new stainless-steel appliances, bathroom tiling, recessed lighting, as well as new blinds and fans. The property also features 8 parking spaces and a community laundry area for additional income. Additionally, the property is being offered with a fantastic assumable Chase loan at 4.7% interest-only through August 2027, providing a 5.70% cash-on-cash. Lastly, the property offers room to build at least 3-4 ADUs in the tuck-under parking area, detached garage and attached storage areas (Buyer to verify).

Location

State CA

County Los Angeles

Area North Inglewood

Zoning INR3*

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Air Conditioning

Equipment None

Laundry Community

Exterior

Garage Carport, Garage Is Detached

Garage Spaces 8.0

Building

Story 2

Architectural Style Mid-Century

Level or Stories Two

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Lyon Stahl Investment Real Estate, Inc.

GUIDE SoCal

Broker | License ID: DRE#01976964

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713 Edgewood St