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801 Myrtle Avenue, Inglewood, CA

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801 Myrtle Avenue

Inglewood, CA 90301-3534 - Inglewood MF Submarket

Property Type:Multi-Family Number of Units:5 Status:Existing Year Built:2008
Stories:2 Building Size:5,286 SF Land Area:.2 AC (8,864 SF)
For Sale Price:$1,135,000 Price/Unit:$227,000.00 Cap Rate:5.44 % GRM:12.46


Sale Notes:
Team Luchs of Marcus & Millichap, is pleased to present 801 Myrtle Ave. A 5-unit, non-rent controlled multifamily property located in the preferred Northwest segment in the heart of Inglewood. The 3 Bedroom front house was renovated in 2010 and the 4-unit rear structure was built in 2010 and boasts all Two bedroom/One bathroom units.

Situated on a 8,863 square foot corner lot, the 5286 rentable square foot property represents an investment opportunity in a rapidly gentrifying neighborhood with large development projects in the immediate surrounding area.

Blocks From the New Rams Stadium Project
Non-Rent Control Building
Upside in Rents
House Renovated in 2008/ Units built in 2010
Northwest Inglewood

Unit Mix Information:
3 Bedroom 2 Bath House: 1-$2,100
2 Bedroom 1 Bath:4-$1,365

Debt & Equity Information:
Debt Type : Proposed
Due In: 5
Loan Amount: $851,250
Annual Debt Service: $47,598
Interest Rate: 3.80%
Down Payment: $283,750
Amortized Over: 30

Marcus & Millichap Inc
Joshua Luchs
(818) 212-2779

Dante Underwood
(818) 212-2797

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