228 Stepney St | Inglewood, CA 90302
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- LoopNet Team
228 Stepney St
Inglewood, CA 90302
Reduced 200k! 100% Vacant 9 Units + 4 ADUs · Multifamily Property For Sale
·
13 Units
INVESTMENT HIGHLIGHTS
- Once-in-lifetime 100% Vacant 9 Unit building, with 4 RTI ADUs (under construction) in Prime Northwest Inglewood area priced at only 276k/door.
- Excellent up and coming Inglewood location minutes from the Rams Stadium, Forum, Culver City, and Playa Vista.
- Individually metered for Gas & Electricity
- Incredible Current Cap Rate of 6.9% and GRM of 10.9
- Stadium, Forum, Culver City, and Playa Vista.
- Approved Plans to convert the garages to 2 attached ADUs and convert a portion of the carport to 2 detached ADUs for a total of 4 ADUs.
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 |
|---|---|---|---|
| 2+1 | 7 | $2,695 | 700 |
| 3+2 | 2 | $2,295 | 900 |
| Studios | 4 | $1,495 | - |
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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