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727 W Hyde Park BLVD Inglewood, CA 90302
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Key Details
Sold Price $1,825,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB18164846
Sold Date 09/12/18
HOA Y/N No
Year Built 1989
Lot Size 8,677 Sqft
Property Description
727 W Hyde Park Blvd is a six-unit apartment building located in northern Inglewood, in close proximity to the 405 FWY! This 5,478 sq. ft. structure was built in 1989 and is situated on a massive 8,677 sq. ft. lot. This property boasts a unit mix consisting of all recently remodeled 2-bedroom/2-bathroom units ranging from 794 sq. ft. to 980 sq. ft. The building also contains (12) carports with storage cabinets (no soft-story retrofit required), a laundry room, 2 large common decks, and gated access. The current owner may be willing to do a seller-carry. The property currently has great cash flow, operating at a 4.12% Cap Rate with a Pro-Forma Cap Rate of 6.07% and Pro Forma GRM 15.19. Given the property's great in-place income, and the ability to generate over 30% more in market rent potential, this is a great opportunity for any investor!
Location
State CA
County Los Angeles
Area 101 - North Inglewood
Zoning INR3YY
Interior
Fireplace No
Laundry Laundry Room
Exterior
Garage Spaces 12.0
Garage Description 12.0
Pool None
Community Features Gutter(s), Storm Drain(s), Street Lights, Sidewalks
Total Parking Spaces 12
Private Pool No
Building
Lot Description Front Yard, Yard
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 4017023019
Energy Description 1125.0
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Conventional
Special Listing Condition Standard
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Bought with Stephen F. Watson • Keller Williams Downtown LA