720 N Market St - Apartments FOR SALE


Inglewood, CA 90302
$5,899,000 USD
310-344-8218
720 N Market St, Inglewood, CA for Sale
$5,899,000 USD
Apartments - FOR SALE
1/12
null | 5.33% Cap Rate

720 N Market St
Inglewood, CA 90302


HIGHLIGHTS

  • “Everything” inside-and-out rehabbed or replaced.
  • A seamless opportunity…easy to buy, easy to run.
  • Virtually no cap ex required for a decade.
  • Best in Class asset.
  • Highly desirable NW Inglewood submarket.

OVERVIEW

One of Inglewood's finest buildings…in Inglewood's most sought after 'Northwest Inglewood' submarket. With easy access to the 405, Westchester, LAX, the Westside and South Bay, this pocket is a "go to" for renters and investors, alike. The property has been painstakingly upgraded and offers renters a superior rental option. BUILDING HAS BEEN REHABBED INSIDE-ANDOUT, OVER THE LAST DECADE AT AN APPROX. COST OF $750,000 - this would be $1MM or more in the current market - including HVAC, Nest Thermostats, Solar, New Windows, New Copper Plumbing, New Electrical, New Security Camera System, New Controlled Access Entry, and 16 ALL NEW INTERIORS. "You name it", it's been rehabbed or replaced.

FOR SALE DETAILS

PRICE

$5,899,000 USD

PRICE/SF

$424 USD /SF

# OF UNITS

16

PRICE/UNIT

$368,688

CAP RATE

5.33%

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Seller retiring. Deal MUST sell.

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

R3, Inglewood

APN/PARCEL ID

4016-010-002

ASK ABOUT THIS PROPERTY

310-344-8218

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310-344-8218

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