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For SaleLuxury

$4,475,000

7,592 sqft$589/sqft68 days on market

11123 S Inglewood Avenue

Inglewood, CA 90304

· 8% down, 7% APR, 30yr fixed

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Beds

24

Baths

7,592

Square feet

1957

Built

Listing narrative

Description

11123 South Inglewood Avenue is a well-maintained, 24-unit multifamily community located in the unincorporated Los Angeles County submarket of Lennox, immediately adjacent to the City of Inglewood. Comprising 7,592 square feet on an 8,641-square-foot lot (zoned LCC2*), the building features an efficient, all-studio unit mix. The property offers stable, immediate cash flow coupled with exceptional upside potential. Current rents range from $1,146 to $1,595 per month, with existing leases trailing prevailing market averages. With two current vacancies, an incoming owner has the immediate opportunity to achieve top of-market rents, as well as tremendous upside upon turnover. Strategically positioned between LAX and the Inglewood Sports & Entertainment District, this asset enjoys exceptional connectivity to major regional employment centers and infrastructure developments

Listing agent (MLS): Jerome McAlpin · Listing brokerage (MLS): McAlpin & Company

Property Details

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Price

$4,475,000

Beds

Beds n/a

Type

House

Home Size

7,592 sqft

Baths

24

Lot Size

0.20 acres

Year

1957

Status

For Sale

Days on Market

68

$ / Sqft

$589

· 8% down, 7% APR, 30yr fixed
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Courtesy of McAlpin & Company