Renovated Asset With 20% Upside Just Listed in Inglewood

JUST LISTED

PROPERTY DETAILS

Address: 845 Victor Avenue,

Inglewood CA 90302

Units: 10

Year Built: 1958

Building Size: 8,159 SF

Lot Size: 12,460 SF

DOWNLOAD MARKETING PACKAGE

PRICING DETAILS

Offering Price: $2,795,000

Price Per Unit: $279,500

Price Per SF: $342.57

Cap Rate (Current): 5.65%

Cap Rate (Market): 7.23%

GRM (Current): 11.68

GRM (Market): 9.73

INVESTMENT HIGHLIGHTS

Renovated 10-Unit Apartment Building in Inglewood’s Desirable Centinela Heights Neighborhood
Great Mix of Nine Two-Bed/One-Bath Units and One Three- Bed/Two-Bath Unit
20 Percent Potential Upside in Rents
Property Boasts Renovated Units, Upgraded Electrical, a New Carport, New Laundry Room, and Newer Roof
Assumable Financing May Be Available: Loan Has Three Years Remaining Fixed at 3.4% | Outstanding Loan Balance ~$1.5M

Exclusively listed by

STEVE "BOGIE" BOGOYEVAC

Senior Managing Director

License: CA 01332755

(562) 257-1231

[email protected]

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services, Inc. © 2022 Marcus & Millichap. All rights reserved