10605 Buford Ave - Apartments FOR SALE


Inglewood, CA 90304
$1,175,000 USD
310-780-1899
10605 Buford Ave, Inglewood, CA for Sale
$1,175,000 USD
Apartments - FOR SALE
1/9
null | 6.32% Cap Rate

10605 Buford Ave
Inglewood, CA 90304


HIGHLIGHTS

  • Low Utility Overhead – Ownership Recovers Water/Sewer Costs, With Tenants Responsible for All Utilities Except Trash
  • Five Garages – All Garages Feature Remote Controlled Electric Garage Door Openers
  • Front and Rear Units Feature Private Yard Areas
  • Convenient Access to LAX, Major Employment Centers, Retail Amenities, and Freeways
  • Great Unit Mix: (4) 2-Bedroom/1-Bath Units & (1) 3-Bedroom/2-Bath Unit
  • 6.32% Current CAP Rate | 10.80 Current GRM

OVERVIEW

This five-unit apartment property in Lennox (Unincorporated Los Angeles County) consists of approximately 4,195 square feet situated on a 12,737 square foot lot. Built in 1957, the property features an attractive unit mix of four 2-bedroom/1-bathroom units and one 3-bedroom/2-bathroom unit. Offered at a 6.32% Current CAP Rate and 10.80 Current GRM, the property presents investors with the opportunity to acquire a well-located multifamily asset. The property offers strong income growth potential, achieving a projected 8.11% Market CAP Rate and 8.60 Market GRM. The property includes five garages with remote controlled electric garage door openers and has private yard areas for the front and rear units. These features enhance tenant appeal and contribute to the long-term desirability of the asset. Conveniently located near LAX, major transportation corridors, retail amenities, and employment centers throughout the South Bay and greater Los Angeles area, this offering presents an attractive opportunity to acquire a multifamily investment with strong in-place income and future upside potential.

FOR SALE DETAILS

PRICE

$1,175,000 USD

PRICE/SF

$280 USD /SF

# OF UNITS

5

PRICE/UNIT

$235,000

CAP RATE

6.32%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5 Units in Lennox

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1957

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,173 SF

ZONING

R-2

APN/PARCEL ID

4038-026-013

ASK ABOUT THIS PROPERTY

Brett LyonLyon Stahl Investment Real Estate, Inc.More Info
310-780-1899

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Brett LyonLyon Stahl Investment Real Estate, Inc.More Info
310-780-1899

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