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Listing 3 out of 36
$2,435,000 Pending

316 E Hyde Park Boulevard
Inglewood, CA 90302

8 units | Multi Family Home
9771 sq ft lot - MLS# SB19118852
Property Photo
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Description

8 units in prime Inglewood, built in 1980. Two (2) 3 Bd/2 Ba units, five (5) 2 Bd/2 Ba units, and one (1) Studio. Solid in place rents (4.03% cap rate on current rents), with significant rent upside. Since purchasing the building, the seller has upgraded the cement driveway, front gate, roof, decks, plumbing, landscaping, garage doors, front doors, and laundry room doors. The seller has also rehabbed six (6) of the eight (8) units. Please refer to the attached rehab schedule for a summary of the exterior and interior upgrades. Also included as a supplement to this listing is the numbers page. The property shares a common driveway with 320 E. Hyde Park Blvd., which is also listed for sale. Seller would prefer to sell the two buildings together.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Pending
  • Zip Code: 90302
  • Year Built: 1980
  • Stories: Three Or More
  • Units: 8 units
  • # of Parking Spaces: 8.00
  • Lot Size: 9771 sq ft lot
  • View: City Lights,Neighborhood, Yes
  • Zoning: INR3YY
  • Area: 101 - North Inglewood
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 7521.00
  • Building Area Units: Square Feet
  • Carport Spaces: 6.00
  • Common Walls: 2+ Common Walls
  • Community Features: Suburban
  • Country: US
  • Directions: E. Hyde Park Blvd. between Edgewood and Centinela
  • Garage Spaces: 2.00
  • Gross Income: 167700.00
  • Gross Operating Income: 162669.00
  • Gross Scheduled Income: 167700.00
  • Insurance Expense: 2685.00
  • Laundry Features: Community, Individual Room
  • Laundry YN: Yes
  • Listing Agent License: 00815392
  • Listing Office License: 01368364
  • Lot Features: 6-10 Units/Acre
  • Lot Size Area: 9772.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Net Operating Income: 98154.00
  • New Taxes Expense: 31738.00
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Operating Expense: 64515.00
  • Other Expense: 1958.00
  • Other Expense Description: Assess
  • Other Income Description: Storage
  • Other Income1: 120.00
  • Parking Features: Carport, Driveway, Garage, Garage Faces Front
  • Parking YN: Yes
  • Property Attached YN: Yes
  • Security Features: Automatic Gate
  • Sewer: Public Sewer
  • Total Expenses: 64515.00
  • Utilities: Electricity Connected, Natural Gas Connected
  • Water Source: Public
  • Year Built Source: Assessor
Courtesy of Keller Williams Beach Cities, Martin Ensbury

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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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