126 N Hillcrest Boulevard

    Inglewood, CA 90301
    • $3,950,000
    • STATUS: Active
    • ON SITE: 64 days
    • ID#: SB19142544
    UPDATED: 12 min ago
    $3,950,000
    • 0
      BEDS
    • 0.27
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,703
      SQFT
    • $454
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1953
    County:

    School Ratings & Info

    Description

    MOTIVATED SELLER - We are pleased to present this great opportunity to purchase a beautiful investment property in the booming City of Inglewood. Inglewood is the hottest market for multifamily properties in Southern California. With Multi-Billion Dollar improvements taking place right down the street, these apartments are the best long term investments available. The subject property is located in a single-family neighborhood on a well maintained park-setting street of Inglewood. The building has been owned in the family trust for many years. The property has been well maintained as a true pride of ownership asset. There+GGs tremendous upside potential with an aggressive program to increase rents to current market levels. This opportunity creates an immediate opportunity to increase cash flow.Located in Southern Los Angeles, the city of Inglewood possesses a long history and great diversity. East of the LAX airport, Inglewood is home to over 111,000 inhabitants. The city has been up and coming over the last 10 years as average household income nears $60,000. It was recently announced that Inglewood will become home to the NFL Rams team, which will further boost the local economy. With $4 to $5 billion expected to be pushed into the NFL stadium mixed-use development alone, speculators are undoubtedly eyeing Inglewood for potential investment opportunities.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-08-21T07:30:45.797. 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 deemed reliable but is not guaranteed accurate by the MLS or Go Gabby | RE/MAX Estate Properties. Licensed in the State of California, USA.
    www.gogabby.com/homes/96005834

    126 N Hillcrest Boulevard Inglewood, CA 90301

    • Price: $3,950,000
    • Status: Active
    • Updated: 12 min ago
    • ID#: SB19142544
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.27
    Acres
    8,703
    SQFT
    $454
    $/SQFT
    1953
    Built
    Neighborhood:
    101 - North Inglewood
    County:
    Los Angeles
    Area:
    101 - North Inglewood
    Property Description
    MOTIVATED SELLER - We are pleased to present this great opportunity to purchase a beautiful investment property in the booming City of Inglewood. Inglewood is the hottest market for multifamily properties in Southern California. With Multi-Billion Dollar improvements taking place right down the street, these apartments are the best long term investments available. The subject property is located in a single-family neighborhood on a well maintained park-setting street of Inglewood. The building has been owned in the family trust for many years. The property has been well maintained as a true pride of ownership asset. There+GGs tremendous upside potential with an aggressive program to increase rents to current market levels. This opportunity creates an immediate opportunity to increase cash flow.Located in Southern Los Angeles, the city of Inglewood possesses a long history and great diversity. East of the LAX airport, Inglewood is home to over 111,000 inhabitants. The city has been up and coming over the last 10 years as average household income nears $60,000. It was recently announced that Inglewood will become home to the NFL Rams team, which will further boost the local economy. With $4 to $5 billion expected to be pushed into the NFL stadium mixed-use development alone, speculators are undoubtedly eyeing Inglewood for potential investment opportunities.
    Exterior Features

    Carport Spaces 5.00 Foundation Details Slab Garage Spaces 5.00 Lot Features 11-15 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Features Assigned Parking Total 10.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features Common Area Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features Urban Country Us Electric Expense 400.00 Elevation Units Feet Fuel Expense 300.00 Gardener Expense 480.00 Gross Income 173820.00 Gross Operating Income 173820.00 Gross Scheduled Income 173820.00 Insurance Expense 3500.00 Land Lease YN No Laundry YN Yes Maintenance Expense 4200.00 Net Operating Income 114105.00 New Construction YN No New Taxes Expense 49375.00 Number Of Separate Electric Meters 14 Number Of Separate Gas Meters 14 Number Of Separate Water Meters 1 Number Of Units Leased 14 Operating Expense 59715.00 Other Expense 200.00 Other Expense Description Misc. Professional Management Expense 0.00 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other St. John's Place Total Actual Rent 14305.00 Total Expenses 59715.00 Trash Expense 460.00 Vacancy Allowance 0 Vacancy Allowance Rate 0.00 Water Sewer Expense 800.00 Water Source Public Year Built Source Assessor Zoning Inr3yy

    Listing provided courtesy of Kevin Russell of Gibraltar Investment Partners Inc


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-08-21T07:30:45.797. 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 deemed reliable but is not guaranteed accurate by the MLS or Go Gabby | RE/MAX Estate Properties. Licensed in the State of California, USA.
     
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