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$ 1,295,000
Est. payment /mo
New
145 W Hillcrest Inglewood, CA 90301
6 Beds
5 Baths
3,974 SqFt
UPDATED:
Key Details
Property Type Condo
Sub Type All Other Attached
Listing Status Active
Purchase Type For Sale
Square Footage 3,974 sqft
Price per Sqft $325
MLS Listing ID SB26201968
Bedrooms 6
Full Baths 5
Year Built 1964
Lot Size 5,873 Sqft
Property Sub-Type All Other Attached
Property Description
This four-unit multifamily property presents an attractive immediate value-add opportunity in a desirable pocket of Inglewood. Family owned and operated for the past 29 years, the property will allow new ownership to immediately renovate and reposition the units toward market rental rates. The unit mix consists of one 3-bedroom/2-bath townhome and three 1-bedroom/1-bath units. The property also presents a strong owner-user opportunity. As a four-unit property, the asset is subject to Inglewood's more favorable 24 unit rent increase regulations, allowing annual increases of 5% plus CPI, capped at 10%. The property also offers potential ADU upside for additional future income and appreciation. Buyer to verify. The property benefited from a comprehensive FAA-funded residential sound insulation retrofit approximately 25 years ago, including upgraded HVAC systems, electrical improvements, and noise-reducing windows and doors. Ideally located in Inglewood with a Walk Score of 87, the property provides convenient access to LAX, SoFi Stadium, Intuit Dome, Hollywood Park, major employment centers, retail, entertainment, and freeways. Offered at a 5.95% CAP rate on scheduled income, the property combines strong in-place income with immediate value-add potential, favorable vacancy, and long-term upside.
Location
State CA
County Los Angeles
Direction Near the intersection of Hillcrest & S Fir Ave
Interior
Fireplaces Type FP in Living Room
Fireplace No
Exterior
View Y/N Yes
Water Access Desc Public
Building
Story 2
Sewer Public Sewer
Water Public
Level or Stories 2
Others
Senior Community No
Tax ID 4020028018
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
Listed by Brett Lyon, DRE#01717818 Lyon Stahl Investment Real Estate, Inc.
Co-listed byWoody Stahl • Lyon Stahl Investment Real Est
Co-listed byWoody Stahl • Lyon Stahl Investment Real Est
Nearby Locations