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3935 W 108th Street

Inglewood, CA 90303
  • $1,675,000
  • STATUS: ACTIVE
  • ON SITE: 18 Days
  • ID#: SB22092878
UPDATED: 76 min ago
$1,675,000
  • 12
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Clean & well maintained 4-Unit property at a GRM of 13 on current rents within the heart of South Inglewood's $5 billion downtown development project! 3 of 4 units recently updated with stable tenants and rent increases for 2022 already in place including a ratio utility billing system (RUBS). Additional upside on the 4th unit & two 2-car garages for even more value-add through potential ADU conversion(s). Many capital improvements including three recently renovated units with updated kitchens, bathrooms, flooring, lighting & ceiling fans. New exterior paint and retrofitted with new windows, split HVAC units & upgraded electrical panel through the City of Inglewood's residential sound insulation program. Investors benefit from a high income producing property boasting extra large units in one of the LA's most rapidly developing communities within close proximity to SoFi stadium, Intuit Dome NBA arena, and Hollywood Park retail & residential complexes. Plenty of nearby freeway access and public transportation including the $1.4B Inglewood Transit Connector Project (ITC) between the Metro Crenshaw/LAX Line & downtown major event centers. This incredible rental market is perfect for investors who enjoy low vacancy rates, high market rental rates, and strong long-term appreciation. This easy to own asset is a great addition to any portfolio! Clean & well maintained 4-Unit property at a GRM of 13 on current rents within the heart of South Inglewood's $5 billion downtown development project! 3 of 4 units recently updated with stable tenants and rent increases for 2022 already in place including a ratio utility billing system (RUBS). Additional upside on the 4th unit & two 2-car garages for even more value-add through potential ADU conversion(s). Many capital improvements including three recently renovated units with updated kitchens, bathrooms, flooring, lighting & ceiling fans. New exterior paint and retrofitted with new windows, split HVAC units & upgraded electrical panel through the City of Inglewood's residential sound insulation program. Investors benefit from a high income producing property boasting extra large units in one of the LA's most rapidly developing communities within close proximity to SoFi stadium, Intuit Dome NBA arena, and Hollywood Park retail & residential complexes. Plenty of nearby freeway access and public transportation including the $1.4B Inglewood Transit Connector Project (ITC) between the Metro Crenshaw/LAX Line & downtown major event centers. This incredible rental market is perfect for investors who enjoy low vacancy rates, high market rental rates, and strong long-term appreciation. This easy to own asset is a great addition to any portfolio!

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego MLS, Inc. Licensed in the state of California.
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3935 W 108th Street Inglewood, CA 90303

  • Price: $1,675,000
  • Status: ACTIVE
  • On Site: 18 Days
  • Updated: 76 min ago
  • ID#: SB22092878
12
Beds
0
Baths
0
½ Baths
0.17
Acres
Neighborhood:
Inglewood (90303)
County:
Los Angeles
Area:
Inglewood (90303)
Property Description
Clean & well maintained 4-Unit property at a GRM of 13 on current rents within the heart of South Inglewood's $5 billion downtown development project! 3 of 4 units recently updated with stable tenants and rent increases for 2022 already in place including a ratio utility billing system (RUBS). Additional upside on the 4th unit & two 2-car garages for even more value-add through potential ADU conversion(s). Many capital improvements including three recently renovated units with updated kitchens, bathrooms, flooring, lighting & ceiling fans. New exterior paint and retrofitted with new windows, split HVAC units & upgraded electrical panel through the City of Inglewood's residential sound insulation program. Investors benefit from a high income producing property boasting extra large units in one of the LA's most rapidly developing communities within close proximity to SoFi stadium, Intuit Dome NBA arena, and Hollywood Park retail & residential complexes. Plenty of nearby freeway access and public transportation including the $1.4B Inglewood Transit Connector Project (ITC) between the Metro Crenshaw/LAX Line & downtown major event centers. This incredible rental market is perfect for investors who enjoy low vacancy rates, high market rental rates, and strong long-term appreciation. This easy to own asset is a great addition to any portfolio! Clean & well maintained 4-Unit property at a GRM of 13 on current rents within the heart of South Inglewood's $5 billion downtown development project! 3 of 4 units recently updated with stable tenants and rent increases for 2022 already in place including a ratio utility billing system (RUBS). Additional upside on the 4th unit & two 2-car garages for even more value-add through potential ADU conversion(s). Many capital improvements including three recently renovated units with updated kitchens, bathrooms, flooring, lighting & ceiling fans. New exterior paint and retrofitted with new windows, split HVAC units & upgraded electrical panel through the City of Inglewood's residential sound insulation program. Investors benefit from a high income producing property boasting extra large units in one of the LA's most rapidly developing communities within close proximity to SoFi stadium, Intuit Dome NBA arena, and Hollywood Park retail & residential complexes. Plenty of nearby freeway access and public transportation including the $1.4B Inglewood Transit Connector Project (ITC) between the Metro Crenshaw/LAX Line & downtown major event centers. This incredible rental market is perfect for investors who enjoy low vacancy rates, high market rental rates, and strong long-term appreciation. This easy to own asset is a great addition to any portfolio!
Exterior Features

Parking Garage Desc Unit1 Assigned Pool N/K Roof Composition Site Sidewalks Spa N/K

Interior Features

Cooling Central Forced Air Total Baths Unit1 2 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1

Property Features

Annual Expense Actual 5404 Assessments Yes/Remarks Buildings 1 Cfd Mello Roos Fee 0.0 Cfd Mello Roos Fee Reflects Year Gross Scheduled Income Actual 128304 Possession Close Of Escrow Tenant Pays ElectricityGas/Propane Terms Cash Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 3469.0 Unit2 Rent Actual 3143.0 Unit3 Rent Actual 2650.0 Unit4 Rent Actual 1430.0 Zoning Public Rec

San Diego MLS logo Listing provided courtesy of Buckingham Investments, Inc. Listing information © 2022 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego MLS, Inc. Licensed in the state of California.
 
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Yarbrough Group
2445 Truxtun Rd., Ste 108
San Diego CA, 92106