This Multifamily Property is no longer advertised on LoopNet.com.

10222 S Dixon Ave
Inglewood, CA 90303
PRICE REDUCED - 12.97 GRM & 4.93% Cap Rate · Multifamily Property For Sale · 6 Units

Investment Highlights

  • Great Unit Mix: (4) 2BD/1BA & (2)1BD/1BA Spacious Units
  • Across the Street from the 298-acre Sofi Stadium and Entertainment District - Estimated to Generate 3,000 Direct & Indirect Jobs
  • Low 12.97 GRM & High Initial Cap Rate of 4.93% with Approximately 10% Upside in Rents
  • (6) On-Site Secured Parking Spaces & On-Site Coin Operated Laundry
  • 5 of 6 Units Have Been Remodeled from 2018-2020 As Units Turned Over
  • Year One 7.88% Cash on Cash Return with Available Interest Only Financing

Property Facts

No. Units 6
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.15 AC
Building Size 4,764 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1955/2019
Parking Ratio 1.25/1,000 SF
Zoning INM1L* - Limited Manufacturing

Amenities

Unit Amenities

  • Heating
  • Kitchen
  • Granite Countertops
  • Double Pane Windows
  • Vinyl Flooring

Site Amenities

  • Courtyard
  • Laundry Facilities

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 4 $1,863 -
1+1 2 $1,550 -

Property Taxes

Property Taxes

Parcel Number
4030-004-006
Land Assessment
$1,667,161
Improvements Assessment
$165,611
Total Assessment
$1,832,772
  • Listing ID: 21540353

  • Date on Market: 11/18/2020

  • Last Updated:

  • Address: 10222 S Dixon Ave, Inglewood, CA 90303

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