710 Venice Way - Apartments FOR SALE


Inglewood, CA 90302
$1,290,000 USD
818-231-2477
710 Venice Way, Inglewood, CA for Sale
$1,290,000 USD
Apartments - FOR SALE
1/19
null | 5.53% Cap Rate

710 Venice Way
Inglewood, CA 90302


HIGHLIGHTS

  • Approved Permits for ADU
  • Fully Remodeled with in Unit Washer/Dryers
  • Close to SOFI Stadium, & Intuit Dome, Perfect for Short Term Rentals
  • Delivered Vacant

OVERVIEW

Kidder Mathews is pleased to present 710 Venice Way that can be delivered fully vacant. Situated in the business-friendly area of Inglewood, CA this duplex has been fully remodeled and updated to serve as an investment vehicle to be utilized by an owner user looking to move into this reemerging area and enjoy income from an additional unit. Permits are ready to be issued (RTI) for an additional One Bedroom ADU so an investor will be well positioned to capitalize on the potential benefits of short-term rentals in close proximity to the Intuit Dome and Sofi Stadium as they will serve as venues for the upcoming Los Angeles 2028 Summer Olympic Games. With fully updated kitchens, bathrooms, hardwood floors, siding, electrical and roofing, this is a great opportunity to own an income producing asset yielding strong cash flow in a highly desirable sub location of Inglewood with minimal deferred maintenance costs. Furthermore, the approved ADU adds significant upside for any buyer. The surrounding area boasts significant development with several projects recently completed or under construction in the highly desirable and emerging Inglewood market.

FOR SALE DETAILS

PRICE

$1,290,000 USD

PRICE/SF

$670 USD /SF

# OF UNITS

2

PRICE/UNIT

$645,000

CAP RATE

5.53%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

INR3YY

APN/PARCEL ID

4017-023-012

ASK ABOUT THIS PROPERTY

Joshua LuchsKidder MathewsMore Info
818-231-2477

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

Joshua LuchsKidder MathewsMore Info
818-231-2477

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