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For Sale

$1,295,000

4,152 sqft$312/sqft87 days on market

10242 S 10th Avenue

Inglewood, CA 90303

· 8% down, 7% APR, 30yr fixed

9

Beds

5

Baths

4,152

Square feet

1955

Built

Listing narrative

Description

Strong In-Place Financials: Attractive 6.93% current cap rate and 9.91 current GRM, providing investors with strong cash flow from day one. Additional Rental Upside: Pro-forma returns increase to an 8.15% cap rate and 8.81 GRM.Prime Inglewood Location: Located less than one mile from Intuit Dome, SoFi Stadium, Hollywood Park, YouTube Theater, Cosm Los Angeles, and the upcoming Inglewood Transit Connector. Sound Insulation Program Upgrades: Renovated through the City of Inglewood/LAX Sound Insulation Program with individual HVAC systems, upgraded electrical, newer windows, and upgraded doors. Attractive Unit Mix: Comprised of (4) 2-bedroom/1-bathroom units and (1) 1-bedroom/1-bathroom unit. Desirable Property Features: Recently painted building situated on a large 6,897-SF lot with a total of 5 garage parking spaces. Surrounded by Major Amenities & Employment: Conveniently located near The Village at Century, Costco, Target, SpaceX, Tesla Design Center, the Crenshaw/LAX Metro Line, and LAX Airport.

Listing agent (MLS): Jonathan Nikfarjam · Listing brokerage (MLS): Shield CRE, Inc.

Property Details

Key facts from the live listing feed are grouped here for quick review. Only fields confirmed by the active source are shown.

Price

$1,295,000

Beds

9 bd

Type

House

Home Size

4,152 sqft

Baths

5

Lot Size

0.16 acres

Year

1955

Status

For Sale

Days on Market

87

$ / Sqft

$312

· 8% down, 7% APR, 30yr fixed
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Courtesy of Shield CRE, Inc.