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Listing 8 out of 36
$950,000 For Sale

7927 S Van Ness Avenue
Inglewood, CA 90305

3 units | Multi Family Home
12480 sq ft lot - MLS# SB19106080
Property Photo
1/6

Description

Pleased to present 7927-8001 S Van Ness Ave., a 12,481 sq.ft lot located in the rapidly appreciating city of Inglewood. The property is equipped with (2) 1-bed/1-bath units and Fish Market as the third unit. This property is in prime location, only minutes from the city’s new Los Angeles Stadium and Entertainment District, the Hollywood Park Casino, and the Arts District of Inglewood. A great income asset already, this value add property has 43% upside in rents, and all leases are month to month. Market 7.90% CAP, 9.82 GRM!! Zoning for the property is INC2YY. The city of Inglewood has also been working with developers to make land acquisitions more suitable and possible, and easing a majority of their restrictions. 7927-8001 Van Ness is a fantastic play for any multi family owner or developer looking to obtain property in the rapidly growing city of Inglewood. No financing available. This is a cash only purchase. Banks will not lend. Soil needs remediation due to dry cleaner contamination from the 1960's.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • Zip Code: 90305
  • Year Built: 1947
  • Stories: One
  • Units: 3 units
  • # of Parking Spaces: 2.00
  • Lot Size: 12480 sq ft lot
  • Zoning: INC2YY
  • Area: 102 - South Inglewood
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 3496.00
  • Building Area Units: Square Feet
  • Common Walls: 1 Common Wall
  • Community Features: Sidewalks, Street Lights
  • Country: US
  • Directions: Off of S. Van Ness and W. 80th
  • Garage Spaces: 2.00
  • Gross Income: 59400.00
  • Gross Scheduled Income: 59400.00
  • Laundry Features: Community
  • Laundry YN: Yes
  • Listing Agent License: 02035763
  • Listing Office License: 01972083
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Area: 12481.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Net Operating Income: 36167.00
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Operating Expense: 21451.00
  • Property Attached YN: Yes
  • Sewer: Public Sewer
  • Stories Total: 1
  • Total Expenses: 21451.00
  • Water Source: Public
  • Year Built Source: Assessor
Courtesy of Lyon Stahl Investment Real Estate, Inc., Cameron Samimi

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Michael Clark
Home Team Realty

2501 W. 237th Street #C
Torrance, CA 90505
Phone: 310-920-2967
Email: mcsouthbay@yahoo.com
DRE #00425966

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