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1042 N Market St
Inglewood, CA 90302
Multifamily Property For Sale
·
5 Units
INVESTMENT HIGHLIGHTS
- Lots of natural light
- Public transportation
- Open floor plan
- Schools and shopping
EXECUTIVE SUMMARY
This five-unit investment property offers incredible potential with its prime location and promising rental upside. Featuring 4 -spacious two bedroom / one bathroom units, and 1- one bedroom / one bathroom unit. 4 of the units have their own private garages, and there are 2 courtyard areas that could be used as outdoor space for the tenants. This property is located in a highly desired neighborhood and is conveniently close to major attractions such as he future Clippers Arena, the Kia Forum, LAX, SoFi Stadium, nearby shopping and the breathtaking Beach Cities. This property is a gem waiting to be polished, but with the booming demand for housing in the area, renovating and upgrading this property presents an excellent opportunity to increase rental income and maximize returns over time. Don't miss out on this fantastic opportunity to own a multi-unit property in one of North Inglewood's most desirable neighborhoods. Take advantage of the incredible location, proximity to major attractions, and the potential for increased rental income. Great fixer upper opportunity.
PROPERTY FACTS
| Price Per Unit | $280,000 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 9.17% | Lot Size | 0.12 AC |
| Sale Condition | Deferred Maintenance | Building Size | 4,456 SF |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1953 |
| Property Subtype | Apartment | Parking Ratio | 1.12/1,000 SF |
| Zoning | INC2YY - LAND DESC IN DOC 1093199,771003 TR=7250 LOT 202 AND POR OF LOTS 201 AND LOT 203 | ||
| Price Per Unit | $280,000 |
| Sale Type | Investment |
| Cap Rate | 9.17% |
| Sale Condition | Deferred Maintenance |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 4,456 SF |
| No. Stories | 2 |
| Year Built | 1953 |
| Parking Ratio | 1.12/1,000 SF |
| Zoning | INC2YY - LAND DESC IN DOC 1093199,771003 TR=7250 LOT 202 AND POR OF LOTS 201 AND LOT 203 |
AMENITIES
UNIT AMENITIES
- Intercom
SITE AMENITIES
- Storage Space
- Bicycle Storage
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | $1,750 | 891 |
| 1+1 | 1 | $1,200 | 891 |
PROPERTY TAXES
| Parcel Number | 4014-011-023 | Improvements Assessment | $185,482 |
| Land Assessment | $134,580 | Total Assessment | $320,062 |
PROPERTY TAXES
Parcel Number
4014-011-023
Land Assessment
$134,580
Improvements Assessment
$185,482
Total Assessment
$320,062
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