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824 S Myrtle Ave

Inglewood, CA 90301
  • $2,695,000
  • STATUS: Active
  • ON SITE: 21 Days
  • MLS #: 21-103823
$2,695,000
  • 14
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,496
    SQFT
  • $360
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1965
County:

School Ratings & Info

Description

Located 3 Blocks from SoFi Stadium, Half-Mile from The Forum & Less Than 1-Mile from $1.2 Billion Clippers Arena | Inglewood Sound Insulation Program in Process - Potential for $340,000 in Improvements Paid for by Program | ADU Potential Possibility to Add 2 ADU's: (1) 3-Bedroom/2-Bathroom at 1,200-Square Feet & (1) 1-Bedroom/1-Bathroom at 640-Square Feet | All Electric Building | Each Unit Contains Individual Water Heaters | Four Units Upgraded with Vinyl Plank Flooring & LED Lighting | Private Patios/Balconies, Gated Building with Intercom Access & On-Site Laundry Facility | 12 Total Parking Spaces - 2 Enclosed Double-Car Garages + 8 Carport Spaces with Storage | Approximately 32% in Potential Rental Upside with a 6.09% Pro-Forma Cap Rate & 12.57 Pro-Forma GRM

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-11-30T23:43:16.143. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.deserthouseseekers.com/homes/123169286
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824 S Myrtle Ave Inglewood, CA 90301

  • Price: $2,695,000
  • Status: Active
  • On Site: 21 Days
  • MLS #: 21-103823
14
Beds
0
Baths
0
½ Baths
0.22
Acres
7,496
SQFT
$360
$/SQFT
1965
Built
Neighborhood:
North Inglewood
County:
Los Angeles
Area:
North Inglewood
Property Description
Located 3 Blocks from SoFi Stadium, Half-Mile from The Forum & Less Than 1-Mile from $1.2 Billion Clippers Arena | Inglewood Sound Insulation Program in Process - Potential for $340,000 in Improvements Paid for by Program | ADU Potential Possibility to Add 2 ADU's: (1) 3-Bedroom/2-Bathroom at 1,200-Square Feet & (1) 1-Bedroom/1-Bathroom at 640-Square Feet | All Electric Building | Each Unit Contains Individual Water Heaters | Four Units Upgraded with Vinyl Plank Flooring & LED Lighting | Private Patios/Balconies, Gated Building with Intercom Access & On-Site Laundry Facility | 12 Total Parking Spaces - 2 Enclosed Double-Car Garages + 8 Carport Spaces with Storage | Approximately 32% in Potential Rental Upside with a 6.09% Pro-Forma Cap Rate & 12.57 Pro-Forma GRM
Exterior Features

Carport Spaces Total 8 Cross Streets Myrtle Avenue & Arbor Vitae Street Garage Structures Total 2 Lot Size Area 9625 Other Structures Other Parking Garage CarportGarage Patio Features BalconyPatio Open Paved YN Yes Total Parking 12

Interior Features

Baths Total 13.00 Common Walls Attached Cooling Other Equipment Other Heating Other Laundry Room Laundry Equipment Lease

Property Features

Alley YN Yes Assessed Total Value 537333 Gross Income 167784 Gross Operating Income 162750 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 113379.00 Number Of Buildings 1 Number Of Units 8 Sale Type Standard Source Living Area Estimated Source Lot Size Area Estimated Source Lot Size Dimensions Other Tax Total 34146.00 Total Annual Expense 49371 Type Of Units 321TH Water Heaters YN Yes Year Built Source Estimated Zoning Inr3yy

Listing provided courtesy of Jonathan Nikfarjam DRE#01856803 of Shield Cre, Inc..


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-11-30T23:43:16.143. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Zwemmer Realty Group | Keller Williams Realty
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