3847 W 110th St - Apartments FOR SALE


Inglewood, CA 90303
$999,995 USD
818-212-2694
3847 W 110th St, Inglewood, CA for Sale
$999,995 USD
Apartments - FOR SALE
1/8
null | 4.09% Cap Rate

3847 W 110th St
Inglewood, CA 90303


HIGHLIGHTS

  • Value-Add Asset
  • Almost 90% in Rental Upside
  • Potential to Add ADUs or Convert Garages to ADUs
  • Excellent Unit Mix of 2 & 3 Bedroom Units

OVERVIEW

Marcus & Millichap is pleased to present 3847 W. 110th Street, a four-unit multifamily investment opportunity located in Inglewood. This true value-add investment offers investors the opportunity to capture almost 90% in rental upside along with the potential to add multiple ADUs by converting the stand-alone garage units or constructing a new structure in place of the existing garage structures (Buyer to verify). With strong potential income, historically low vacancy rate in the area, and excellent long-term fundamentals, the property presents a compelling opportunity for yield seeking investors and equity growth investors alike. Originally constructed in 1961, the property spans 3,940 square feet of livable space and consists of three separate living structures which include a 3-bedroom /2-bathroom house, a 2-bedroom/1-bathroom bungalow, and a duplex in the rear of the property with two 2-bedroom/1-bathroom units. The property is individually metered for electricity and gas and there are two stand-alone 2-car garages. Situated less than a mile south of SoFi Stadium and the Intuit Dome, 3847 W. 110th is just four blocks from the nearest on- and off-ramps to the 105 Freeway, providing excellent regional access to West Los Angeles, Downtown Los Angeles, LAX, and the South Bay. With high rental demand and a shortage of housing options, the asset is ideally positioned to deliver both near-term and long-term returns.

FOR SALE DETAILS

PRICE

$999,995 USD

PRICE/SF

$315 USD /SF

# OF UNITS

4

PRICE/UNIT

$249,999

CAP RATE

4.09%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,031 SF

ZONING

INR2YY

APN/PARCEL ID

4033-007-020

ASK ABOUT THIS PROPERTY

Sevak KeshishianThe SK Group of Marcus & MillichapMore Info
818-212-2694

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Sevak KeshishianThe SK Group of Marcus & MillichapMore Info
818-212-2694

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