$1,600,000
$1,700,000
5.9%For more information regarding the value of a property, please contact us for a free consultation.
530 VENICE WAY Inglewood, CA 90302
0.35 Acres Lot
Key Details
Sold Price $1,600,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 12618899
Sold Date 05/30/13
HOA Y/N No
Year Built 1959
Lot Size 0.348 Acres
Property Description
NON-RENT CONTROLLED. This building is located in a highly desirable northwest Inglewood neighborhood. The windows have been recently upgraded. The building has an outstanding unit mix of (11) 2-Bedrooms and (1) 3-Bedroom. This is a current cap rate of 6.76% with stable rents and upside. The passive investor can easily achieve over 10% cash-on-cash return.
Location
State CA
County Los Angeles
Area 101 - North Inglewood
Zoning INR3YY
Interior
Cooling None
Fireplace No
Laundry None
Exterior
Total Parking Spaces 12
Building
Lot Description Sprinklers None
Story 2
Others
Tax ID 4017025031
Special Listing Condition Standard
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Bought with Subscriber Non • Non-Participant Office