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Keller Williams Luxury
911 E La Palma Drive Unit K, Inglewood, CA 90301
- $2,250,000
- 11
- BD
- 10
- BA
- 5,521
- SqFt
- List Price
- $2,250,000
- Status
- ACTIVE
- MLS#
- 26107674
- Year Built
- 1937
- Bedrooms
- 11
- Bathrooms
- 10
- Living Sq. Ft
- 5,521
- Lot Size
- 11,492
- Acres
- 0.26
- Days on Market
- 12
- Property Type
- Multifamily
- Stories
- Multi Level
Property Description
911 E La Palma Dr | 10-Unit Multifamily, Inglewood. 1937-built asset totaling 5,521 SF on an 11,488 SF lot on the north side of E La Palma Dr between Larch St and Myrtle Ave, less than a mile from SoFi Stadium and within about a mile of Intuit Dome and the Kia Forum. The property features (10) 1BR/1BA units averaging 470 SF, each upgraded throughout, plus 10 on-site parking spaces and an established RUBS program. All ten units are occupied at an average rent of $1,832 against a $1,975 market rent, and the property is subject to the Inglewood Housing Protection Ordinance. Offered at $2,250,000 ($225,000/unit | $407.53/SF) with a 6.59% in-place cap rate, the story here is simplicity a fully occupied, upgraded asset in the stadium district with a 7.30% pro forma cap and no capital program required.
Additional Information
- Heat
- None
- Cooling Description
- None
- Attached Structure
- Detached
- Number Of Units Total
- 10
Listing courtesy of Listing Agent: Taylor Avakian (taylor@lyonstahl.com) from Listing Office: Lyon Stahl Investment Real Estate, Inc..
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.