Location! Location! Location! Opportunity knocks for a savvy investor, 1031 Exchange buyer or owner/user to invest in rapidly developing City of Inglewood, also known as City of Champions. This 4 unit low density building is a stone s throw away from Intuit Dome (Clipper Stadium) & Iconic SoFi Stadium. Located on a sizable, 8000+ sq. ft. lot, each spacious unit is 1000 sq.ft. (Approximately) with 2 bedrooms & 1 bathroom. Each unit has dual access entries, hardwood floors and dual pane windows. 2 units have AC. Each unit has access to 2 garage spaces. The subject property has had very little turnover under current ownership. A new owner would have multiple ways to increase revenue, besides increasing rent. The property has potential of laundry income since the current common laundry room is not used. An owner maybe able to add multiple ADU s on top of the garages, buyers to verify. Building 2 ADU s would increase investment to over an 8% CAP rate. This prime property is located in the heart of Inglewood with a high walk score of 75! It is a couple of minutes drive to newly built SoFi Stadium, home of the Los Angeles Rams and Los Angeles Chargers of the National Football League. The Stadium also hosted Super Bowl LVI in 2022. The opening and closing ceremonies of the 2028 Summer Olympics are scheduled to take place at the SoFi Stadium. The Kia Forum will host the gymnastics events of the 2028 Summer Olympics. SoFi Stadium will also host several matches of the 2026 FIFA World Cup. The Los Angeles Clippers are building a new arena and entertainment center near SoFi Stadium, scheduled to be completed fall of 2024. Inglewood is a commuter s dream with easy access to 105 FWY, 405 FWY & 110 FWY. Don t Lose this Excellent opportunity to invest in Inglewood just check out land value of two properties on Prairie about 3 blocks from subject property. 10204 S Prairie Ave, 3 units on 4213 sq.ft. lot closing at $3,490,000 in June 2023. 10205 S Prairie with 5 units on 22000+ sq.ft. lot is in escrow, asking price $8.1 million. The subject property is a WINNER!
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Updated: 6th December, 2023 5:22 PM (UTC)
Listing Agent: Stephen Takahashi
Listing Office: Lyon Stahl Investment Real Estate, Inc.