10719 S Van Ness Ave, Inglewood | 10719 S Van Ness Ave
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10719 S Van Ness Ave, Inglewood 10719 S Van Ness Ave
3 Unit Apartment Building $978,000 ($326,000/Unit) 4.02% Cap Rate Inglewood, CA 90303
INVESTMENT HIGHLIGHTS
- Ideal unit mix with (3) 2bed units all with private patios, single car garages and their own washer/dryer hookups
- Units have been renovated - Property has been renovated under City of Inglewood Sound Insulation program (New electrical, windows, doors, A/C and misc
- Unit mix of (3) 2Bed+1Bath units with opportunity to build an ADU in the rear; Each unit is about 866sqft
- Amazing walkability and location truly minutes from SoFi, Intuit Dome, etc.
- Property also features new garage doors, exterior paint and wrought-iron fencing in rear
- Owner-User opportunity with unit being delivered vacant
EXECUTIVE SUMMARY
Owner-User and remodeled tri-plex in a very desirable residential neighborhood full of single family homes in Inglewood. Unit 3 will be delivered vacant at the close of escrow. This tri-plex is oversized at 2,596 square feet. One of the largest you will find in the area. Hard to beat this tri-plex with the most desirable unit mix you can ask for. All units are 2 bedrooms + 1 bath w/ private patios, washer and dryer hook-ups, and private garages. The large single story units are almost 900 sq ft.
This property is literally minutes from SoFi Stadium, YouTube Theater, Intuit Arena, LAX airport, and many more developments. With an A+ location and a walk score of 75 (Very Walkable), 10719 S Van Ness Ave is an ideal spot for any tenant or AIR BNB guest.
Value-add opportunity here: Buyer has the opportunity to either convert the garages or build an ADU on top to add additional value without losing parking.
Do not wait. Assets like these are hard to come by. Submit all offers to teamsamimi@lyonstahl.com.
3% Down, FHA, NACA, VA, and all program loans accepted.
This property is literally minutes from SoFi Stadium, YouTube Theater, Intuit Arena, LAX airport, and many more developments. With an A+ location and a walk score of 75 (Very Walkable), 10719 S Van Ness Ave is an ideal spot for any tenant or AIR BNB guest.
Value-add opportunity here: Buyer has the opportunity to either convert the garages or build an ADU on top to add additional value without losing parking.
Do not wait. Assets like these are hard to come by. Submit all offers to teamsamimi@lyonstahl.com.
3% Down, FHA, NACA, VA, and all program loans accepted.
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$65,928
|
$14.14
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$1,978
|
$0.42
|
| Effective Gross Income |
$63,950
|
$13.71
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$24,643
|
$5.28
|
| Net Operating Income |
$39,307
|
$8.43
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $65,928 |
| Annual Per SF | $14.14 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $1,978 |
| Annual Per SF | $0.42 |
| Effective Gross Income | |
|---|---|
| Annual | $63,950 |
| Annual Per SF | $13.71 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $24,643 |
| Annual Per SF | $5.28 |
| Net Operating Income | |
|---|---|
| Annual | $39,307 |
| Annual Per SF | $8.43 |
PROPERTY FACTS
| Price | $978,000 | Property Subtype | Apartment |
| Price Per Unit | $326,000 | Apartment Style | Low Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 4.02% | Lot Size | 0.14 AC |
| Gross Rent Multiplier | 14.85 | Building Size | 4,664 SF |
| No. Units | 3 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1954 |
| Price | $978,000 |
| Price Per Unit | $326,000 |
| Sale Type | Investment |
| Cap Rate | 4.02% |
| Gross Rent Multiplier | 14.85 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 4,664 SF |
| No. Stories | 1 |
| Year Built | 1954 |
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer Hookup
- Heating
- Refrigerator
- Oven
- Tub/Shower
- Yard
- Pantry
- Patio
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10719 S Van Ness Ave, Inglewood | 10719 S Van Ness Ave
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