228 Stepney St | Inglewood, CA 90302
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228 Stepney St
Inglewood, CA 90302
Islandia · Multifamily Property For Sale
·
13 Units
INVESTMENT HIGHLIGHTS
- 9 Unit building + 4 Pontential ADUs in Prime Northwest Inglewood
- Delivered with 3 vacant units ready to be renovated
- Potential of splitting the larger interior units to an 2 attached ADUs and converting portion of the garages to 2 detached ADUs
- Incredible Current Cap Rate of 6% and GRM of 12.3 GRM with upside to 7.4% Cap and 10.3 GRM after renovations
- Individually metered for Gas & Electricity
PROPERTY FACTS
| No. Units | 13 | Building Size | 6,964 SF |
| Property Type | Multifamily | Average Occupancy | 1% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1953 |
| Building Class | C | Parking Ratio | 1.29/1,000 SF |
| Lot Size | 0.23 AC | ||
| Zoning | R3 | ||
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 6,964 SF |
| Average Occupancy | 1% |
| No. Stories | 2 |
| Year Built | 1953 |
| Parking Ratio | 1.29/1,000 SF |
| Zoning | R3 |
AMENITIES
UNIT AMENITIES
- Storage Space
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | $1,526 | - |
| 2+2 | 1 | $1,664 | - |
PROPERTY TAXES
| Parcel Number | 4016-017-012 | Improvements Assessment | $1,040,400 |
| Land Assessment | $1,901,851 | Total Assessment | $2,942,251 |
PROPERTY TAXES
Parcel Number
4016-017-012
Land Assessment
$1,901,851
Improvements Assessment
$1,040,400
Total Assessment
$2,942,251
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