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3935 W 108th Street

Inglewood, CA 90303
  • $1,675,000
  • STATUS: Active
  • ON SITE: 21 Days
  • ID#: SB22092878
UPDATED: 22 min ago
$1,675,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1961
County:

School Ratings & Info

Listing Agent(s): Jeffrey Isenberg of Buckingham Investments, Inc (310 982-7055)


Description

Clean & well maintained 4-Unit property at a GRM of 13 on current rents within the heart of South Inglewood's $5 billion downtown development project! 3 of 4 units recently updated with stable tenants and rent increases for 2022 already in place including a ratio utility billing system (RUBS). Additional upside on the 4th unit & two 2-car garages for even more value-add through potential ADU conversion(s). Many capital improvements including three recently renovated units with updated kitchens, bathrooms, flooring, lighting & ceiling fans. New exterior paint and retrofitted with new windows, split HVAC units & upgraded electrical panel through the City of Inglewood's residential sound insulation program. Investors benefit from a high income producing property boasting extra large units in one of the LA's most rapidly developing communities within close proximity to SoFi stadium, Intuit Dome NBA arena, and Hollywood Park retail & residential complexes. Plenty of nearby freeway access and public transportation including the $1.4B Inglewood Transit Connector Project (ITC) between the Metro Crenshaw/LAX Line & downtown major event centers. This incredible rental market is perfect for investors who enjoy low vacancy rates, high market rental rates, and strong long-term appreciation. This easy to own asset is a great addition to any portfolio!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-26T09:30:26.053. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
www.northsdrealty.com/homes/128365454
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3935 W 108th Street Inglewood, CA 90303

  • Price: $1,675,000
  • Status: Active
  • On Site: 21 Days
  • Updated: 22 min ago
  • ID#: SB22092878
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1961
Built
Neighborhood:
102 - South Inglewood
County:
Los Angeles
Area:
102 - South Inglewood
Property Description
Clean & well maintained 4-Unit property at a GRM of 13 on current rents within the heart of South Inglewood's $5 billion downtown development project! 3 of 4 units recently updated with stable tenants and rent increases for 2022 already in place including a ratio utility billing system (RUBS). Additional upside on the 4th unit & two 2-car garages for even more value-add through potential ADU conversion(s). Many capital improvements including three recently renovated units with updated kitchens, bathrooms, flooring, lighting & ceiling fans. New exterior paint and retrofitted with new windows, split HVAC units & upgraded electrical panel through the City of Inglewood's residential sound insulation program. Investors benefit from a high income producing property boasting extra large units in one of the LA's most rapidly developing communities within close proximity to SoFi stadium, Intuit Dome NBA arena, and Hollywood Park retail & residential complexes. Plenty of nearby freeway access and public transportation including the $1.4B Inglewood Transit Connector Project (ITC) between the Metro Crenshaw/LAX Line & downtown major event centers. This incredible rental market is perfect for investors who enjoy low vacancy rates, high market rental rates, and strong long-term appreciation. This easy to own asset is a great addition to any portfolio!
Exterior Features

Fencing BlockWrought Iron Foundation Details Raised Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 4 Open Parking Spaces 2 Other Structures Second Garage Parking Features Assigned Parking Total 6 Pool Features None Pool Private YN No Property Attached YN Yes Roof CompositionShingle Spa Features None Spa YN No View None View YN No

Interior Features

Appliances Gas OvenGas RangeMicrowaveRange Hood Common Walls 2+ Common Walls Cooling Central Air Cooling YN Yes Fireplace Features Living Room Fireplace YN Yes Flooring LaminateTile Heating Central Heating YN Yes Interior Features Ceiling Fan(S)Granite CountersTile Counters

Property Features

Additional Parcels YN No Common Interest None Community Features Sidewalks Contingency None Current Financing Conventional Disclosures City Inspection RequiredRent Control Electric Standard Garage YN Yes Gross Income 0 Gross Scheduled Income 128304 Insurance Expense 1600 Land Lease YN No Laundry Features Common AreaElectric Dryer HookupGas Dryer HookupIn Garage Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Net Operating Income 83385 New Construction YN No Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 41070 Possession Close Of Escrow Property Condition Updated/Remodeled Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 10692 Trash Expense 1236 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Vacancy Allowance Rate 3 Water Sewer Expense 2568 Water Source Public Zoning Inp1yy



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-26T09:30:26.053. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
 
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The Houston Team | Compass CA DRE#01991628
2100 Costa Del Mar
Carlsbad CA, 92009
Listing Agent(s): Jeffrey Isenberg of Buckingham Investments, Inc (310 982-7055)