10223 Darby Ave - Apartments FOR SALE


Inglewood, CA 90303
$1,450,000 USD
310-593-9868
10223 Darby Ave, Inglewood, CA for Sale
$1,450,000 USD
Apartments - FOR SALE
1/16
null | 7.46% Cap Rate

10223 Darby Ave
Inglewood, CA 90303


HIGHLIGHTS

  • 7.46% Cap Rate & 9.62 GRM | 7.97% Pro-Forma Cap Rate & 9.15 Pro-Forma GRM | Four Units Delivered Vacant – Units Have Undergone Renovations
  • Each Unit Contains Individual Hot Water Heaters | Tremendous Curb Appeal – Newly Painted Building with New Drought-Tolerant Landscaping
  • Located Less Than 1 Mile from Intuit Dome, SoFi Stadium, Hollywood Park Casino, Cosm Los Angeles, Cinepolis Luxury Cinemas & Youtube Theatre
  • Eligible for City of Inglewood Sound Insulation Program Which Would Install New Soundproof Doors, Soundproof Windows & Ducted HVACs (Buyer to Verify)
  • Desirable Opportunity to Add ADUs | Gated Building with On-Site Laundry Facility & Total of 6 Parking Spaces
  • Centrally Located Near The Village at Century Shopping Center, Costco, Crenshaw/LAX Metro Line Station and LAX Airport

OVERVIEW

ASSET 6-unit apartment in Inglewood. The asset is comprised of (4) 2-bedroom/1-bathroom units and (2) 1-bedroom/1-bathroom units. Each unit contains individual hot water heaters. Four of the units are currently vacant and have undergone renovations. Situated on a 6,631-SF lot, the property was recently painted and features new drought-tolerant landscaping, an on-site laundry facility and a total of 6 parking spaces.Furthermore, the property is eligible for the City of Inglewood Sound Insulation Program, which will replace all the exterior doors and windows with soundproof versions and install ducted HVAC at no cost to the owner (Buyer to verify). The large lot and parking areas present a desirable opportunity to add ADUs. LOCATION The asset is located less than 1 mile from Intuit Dome, SoFi Stadium, Hollywood Park Casino, Cosm Los Angeles, Cinepolis Luxury Cinemas, Youtube Theatre and upcoming $1 Billion Inglewood Transit Connector project. The property is also located within a few blocks of many retail shops and shopping centers of Century Boulevard including, Costco, In-N-Out Burger, Aldi, Target, Home Depot and The Village at Century Shopping Center. FINANCIALS This 5,192-SF property has a current cap rate of 7.46% cap rate and 9.62 GRM. The asset also provides upside potential in rents with a pro-forma cap rate of 7.97% and pro-forma GRM of 9.15. *Title records show the property as 4 units. Buyer to verify and investigate independently.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$279 USD /SF

# OF UNITS

6

PRICE/UNIT

$241,667

CAP RATE

7.46%

% LEASED

33%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,507 SF

ZONING

INM1L*

APN/PARCEL ID

4030-004-026

ASK ABOUT THIS PROPERTY

Jonathan NikfarjamShield Commercial Real EstateMore Info
310-593-9868

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Jonathan NikfarjamShield Commercial Real EstateMore Info
310-593-9868

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.