612 Aerick St - Apartments FOR SALE


Inglewood, CA 90301
$1,649,000 USD
310-447-2213
612 Aerick St, Inglewood, CA for Sale
$1,649,000 USD
Apartments - FOR SALE
1/24
null | 5.81% Cap Rate

612 Aerick St
Inglewood, CA 90301


HIGHLIGHTS

  • Prime Location Near Sofi, Forum, Intuit, and Major Freeways
  • One Unit Delivered Vacant and Rent Ready
  • 5 of 6 Units Updated Including In Unit Laundry
  • Current Cap 5.81% - Projected Market Cap 7.36%
  • 3,870 SF Building on a 6,744 SF Lot
  • 6 Carport Parking Spaces

OVERVIEW

We are pleased to present 612 Aerick Street, a well maintained 6 unit multifamily investment opportunity located in the highly desirable and rapidly growing Inglewood rental market. The property features an attractive unit mix of six 1 bedroom 1 bathroom units totaling 3,870 square feet on a 6,744 square foot lot, offering an efficient layout that supports strong and consistent rental demand. Ownership has completed significant upgrades with five of the six units updated, including in unit laundry. One unit will be delivered vacant and rent ready, providing immediate upside for an investor to capture market rent upon closing. The property also offers six carport parking spaces, an increasingly valuable feature in this submarket. Located just minutes from SoFi Stadium, the Hollywood Park development, the Kia Forum, and major transit corridors, 612 Aerick Street presents a compelling opportunity to acquire an upgraded asset with strong in place income and additional rental upside in one of Southern California’s most dynamic growth markets

FOR SALE DETAILS

PRICE

$1,649,000 USD

PRICE/SF

$426 USD /SF

# OF UNITS

6

PRICE/UNIT

$274,833

CAP RATE

5.81%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6 Unit- Prime North Inglewood Location

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,744 SF

ZONING

R3, Inglewood

APN/PARCEL ID

4021-002-004

ASK ABOUT THIS PROPERTY

Johnnie StieglerLyon Stahl Investment Real Estate, Inc.More Info
310-447-2213

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Johnnie StieglerLyon Stahl Investment Real Estate, Inc.More Info
310-447-2213

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