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516 E Regent ST Inglewood, CA 90301
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Key Details
Sold Price $1,750,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB18164834
Sold Date 10/04/18
HOA Y/N No
Year Built 1961
Lot Size 7,474 Sqft
Property Description
516 E Regent St is a six-unit apartment building located in the best part of Inglewood, less than one mile from the new Hollywood Park neighborhood development and future NFL Stadium! This 5,390 sq. ft. structure was built in 1961 and is situated on a large 7,474 sq. ft. lot. The property has an amazing unit mix including one (1) 3-bed/ 2-bath that is about 1,267 sq. ft., four (4) 2-bed/ 1-bath units ranging from 920 to 960 sq. ft., and one (1) studio unit that is 270 sq. ft. The property also has five carports with storage cabinets and one closed 2.5 car garage with opener -- all of which do not require a soft-story retrofit. Strong income with a Pro-Forma Cap Rate of 5.85% & Pro-Forma GRM of 11.91.
Location
State CA
County Los Angeles
Area 102 - South Inglewood
Zoning INR3YY
Interior
Fireplace No
Laundry Laundry Room
Exterior
Garage Spaces 2.5
Garage Description 2.5
Pool None
Community Features Gutter(s), Storm Drain(s), Street Lights, Sidewalks
Total Parking Spaces 2
Private Pool No
Building
Lot Description Front Yard, Lawn, Yard
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4021003005
Energy Description 1210.0
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Conventional
Special Listing Condition Standard
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Bought with Brett Lyon • Lyon Stahl Investment Real Estate, Inc.