313 E Hazel Street, Inglewood, CA 90302
- $1,645,000
- 9
- BD
- 6
- BA
- 4,886
- SqFt
- List Price
- $1,645,000
- Status
- ACTIVE
- MLS#
- 26859139
- Year Built
- 1955
- Bedrooms
- 9
- Bathrooms
- 6
- Living Sq. Ft
- 4,886
- Lot Size
- 15,508
- Acres
- 0.36
- Days on Market
- 14
- Property Type
- Multifamily
- Stories
- One Level
Property Description
Outstanding North Inglewood Location: Well-positioned asset located 1.5 miles from SoFi Stadium and The Forum, and 2 miles from Intuit Dome. Single-Story Units on Large Lot: Six single-story units situated on a 15,508-SF lot. Exceptional ADU Opportunity: Large rear parking area presents the opportunity to add up to 6 ADUs or redevelop the property into an 11-unit apartment project (Buyer to Verify). Unit Composition: Outstanding unit mix with 3 of the units being recently renovated and a 3-bedroom unit which features a large private backyard and new washer/dryer hook-ups. Capital Improvements & Attractive Amenities: Property features a new roof, new electrical, updated electrical subpanels, individual hot water heaters, on-site laundry facility, new drought-tolerant landscaping, 6 garage spaces and a large rear parking area. Strong Cash Flow & Rental Upside: Offering a 6.76% current cap rate and 10.51 GRM with upside to an 8.43% pro-forma cap rate and 8.90 GRM, providing investors with both stable income and meaningful upside potential.
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Additional Information
- Appliances
- Washer
- Garage Spaces Total
- 6
- Attached Structure
- Detached
- Number Of Units Total
- 6
Listing courtesy of Listing Agent: Jonathan Nikfarjam (jonathan@shieldcre.com) from Listing Office: Shield CRE, Inc..
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.