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$1,900,000
30 Days Online

712 W Beach Avenue
Inglewood, CA 90302

For Sale|Multi-Family|Pending
County:
Los Angeles
Listed by Austin Chen of Keller Williams Beverly Hills ?

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Call Now: 310-902-7214
Is this the home for you? We can help make it yours.
310-902-7214
712 W Beach Avenue712 W Beach Avenue712 W Beach Avenue712 W Beach Avenue
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INVEST IN INGLEWOOD'S RENAISSANCE! We are pleased to present this 6-unit apartment building near the KIA Forum, SoFi Stadium, YouTube Theater, Hollywood Park, and the soon-to-be-completed Intuit Dome. Located in Inglewood's Art District, this property presents an excellent investment opportunity for new and experienced real estate investors and exchange buyers alike. Its convenient location in the heart of Inglewood's growth puts it in high demand, offering the potential for steadily increasing rental income and future appreciation. The building features a mix of one 3+2 unit and five 2+1 units, maximizing rental income. The property is well-maintained, with nearly 50% of the units being partially or fully renovated, and attracts a diverse tenant base and caters to a wide range of tenant preferences. Well-qualified buyers can take advantage of favorable financing terms with an assumable loan (approximate balance of $1.115M, fixed at 4.01% until January 2027), subject to lender fees and approval. Unit #4 is currently vacant, with a conservatively projected rent of $2,100 per month included in the provided rent roll. This represents an immediate opportunity to increase the property's cash flow upon acquisition. Annual parking income is $4,500 for 6+ spaces. Don't miss out on this exceptional investment opportunity in Inglewood's thriving market.

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Listing Snapshot
Price 
$1,900,000
Days Online 
30 Days
Bedrooms 
13
Inside Area (SqFt) 
5,891 sqft
Total Baths 
7
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1815 Acres
Year Built 
1960
MLS® Number 
24374545
Status 
Pending
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
3 weeks agoListing updated with changes from the MLS®
3 weeks agoStatus changed to Pending
a month agoListing first seen online
General Features
Style 
Contemporary
Parking 
AssignedDetached CarportDrivewayUncovered
Parking Spaces 
6
Number of Stories 
2
Acreage 
0.1815
Attached Garage 
No
Zoning 
INR3YY
Listing Conditions 
Standard
Property Condition 
Updated Remodeled
Interior Features
Cooling 
None
Heating 
Wall Furnace
Appliances 
Refrigerator
Interior 
CeilingFans
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Exterior Features
View 
None
Spa 
No
Pool Features 
None
Spa Features 
None
Community Features
Senior Community 
No
MLS Area 
101 - North Inglewood


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. The 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, the 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.

Neighborhood & Commute
Source: Walkscore
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