$1,375,000
$1,500,000
8.3%For more information regarding the value of a property, please contact us for a free consultation.
0.31 Acres Lot
SOLD DATE : 06/18/2014
Key Details
Sold Price $1,375,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 14757419
Sold Date 06/18/14
HOA Y/N No
Year Built 1956
Lot Size 0.312 Acres
Property Description
The Woodworth Apartments consist of two adjacent 4 unit properties at 10218 and 10222 Woodworth Avenue in the Non RentControlled city of Inglewood. Comprised of two separate parcels totaling 13,574 SF of land with a combined building size of 8,866SF. The properties feature a unit mix of (4) 3 Bedroom, 2 Bathroom and (4) 3 Bedroom, 1 Bathroom units averaging 1,100 SF each. Theproperty has over $70K in recent renovations including a new exterior paint job , common area improvements and upgrades to five units. The building enjoys incredibly low expenses by being individually metered for gas and electric, each unit has its own individual water heaters and the tenants pay for trash. This bread and butter property offers an investor strong immediate cash flow. With 6% rental upside one can easily achieve pro-forma cash on cash returns of 7%. Residential or Commercial financing options are available.
Location
State CA
County Los Angeles
Area 102 - South Inglewood
Zoning INM1L*
Interior
Heating See Remarks
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Covered
View Y/N No
Total Parking Spaces 12
Private Pool No
Building
Story Two
Entry Level Two
Level or Stories Two
Others
Senior Community No
Tax ID 4030007033
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Daniel Baird • Sperry Van Ness