10
See all 10 photos
$990,000
Est. payment /mo
8 Beds
4 Baths
9,627 Sqft Lot
New
122 E Spruce Inglewood, CA 90301
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26017488
Bedrooms 8
Lot Size 9,627 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Opportunity comes knocking...This is a multi- unit property with 4 separate dwellings including 4 car detached garage. Street to alley access. This property will attract the flipper, investor (8 CAP rate at current rents creates value north of $1M, keep increasing the rent annually at the City's maximum amount until at market rates to create annual property value increase; or completely re-develop, like other neighbors have, into an 8-10 unit complex! Fantastic financial opportunity.Zoned R4, check with the City of Inglewood for future development opportunities. Located in the highly desirable section of N. Inglewood, close to So-Fi stadium. Property being sold in its present condition; seller will make NO repairs and NO termite clearance. Offers must include pre-approval and verification of cash to close. Seller to choose all services. Buyers to cooperate with seller 1031 exchange..
Location
State CA
County Los Angeles
Zoning Assessor
Direction North of Arbor Vitae, east of Grevillea and West of La Btra
Interior
Fireplace No
Exterior
View Y/N No
Roof Type Composition
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 4021032035
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
Listed by John Skulick Beach City Brokers
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