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Sherry Ramos

sherry.ramos@engelvoelkers.com +1(818) 429-2793

$ 3,300,000

Est. payment -/mo

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Pending

530 Venice WAY Inglewood, CA 90302

25 Beds

14 Baths

10,487 SqFt

UPDATED:

09/30/2024 06:22 PM

Key Details

Property Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 10,487 sqft

Price per Sqft $314

MLS Listing ID 24424373

Bedrooms 25

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1959

Lot Size 0.348 Acres

Property Description

The subject property was built in 1959 and consists of (2) Studio / 1 Bath, (11) 2 Bed / 1 Bath, and (1) 3 Bed / 2 Bath. This is an excellent cash flow opportunity listed at a 7.19% cap rate and 9.68 grm while still offering upside potential. The building is spread out over 10,487 square feet of gross leasable area and sits on a large 15,138 square foot lot that is zoned INR3YY. The property is very well located in northwest Inglewood, just a short distance to Sofi Stadium, the Intuit Dome, and the Hollywood Park Casino development. The Fox Hills mall is located just to the north providing tenants in this area with plenty of shops, dining, and entertainment.

Location

State CA

County Los Angeles

Area 101 - North Inglewood

Zoning INR3YY

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Exterior

Garage Carport

Pool None

View Y/N Yes

View City Lights

Roof Type Composition,Shingle

Parking Type Carport

Total Parking Spaces 12

Private Pool No

Building

Lot Description Flag Lot, Irregular Lot

Faces North

Story 2

Entry Level Multi/Split

Architectural Style Mid-Century Modern

Level or Stories Multi/Split

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 4017025031

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Special Listing Condition Standard

Listed by William James • Lyon Stahl Investment Real Estate, Inc.

Sherry Ramos

Advisor | License ID: 01271018

+1(818) 429-2793

Sherry Ramos

530 Venice WAY Inglewood, CA 90302

Key Details

Location

Interior

Exterior

Building

Others

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530 Venice WAY