3847 W 110th St 4 Unit Apartment Building $999,995 ($249,999/Unit) 4.09% Cap Rate Inglewood, CA 90303

Marcus & Millichap is pleased to present 3847 W. 110th Street, a four-unit multifamily investment opportunity located in Inglewood. This true value-add investment offers investors the opportunity to capture almost 90% in rental upside along with the potential to add multiple ADUs by converting the stand-alone garage units or constructing a new structure in place of the existing garage structures (Buyer to verify). With strong potential income, historically low vacancy rate in the area, and excellent long-term fundamentals, the property presents a compelling opportunity for yield seeking investors and equity growth investors alike.
Originally constructed in 1961, the property spans 3,940 square feet of livable space and consists of three separate living structures which include a 3-bedroom /2-bathroom house, a 2-bedroom/1-bathroom bungalow, and a duplex in the rear of the property with two 2-bedroom/1-bathroom units. The property is individually metered for electricity and gas and there are two stand-alone 2-car garages.
Situated less than a mile south of SoFi Stadium and the Intuit Dome, 3847 W. 110th is just four blocks from the nearest on- and off-ramps to the 105 Freeway, providing excellent regional access to West Los Angeles, Downtown Los Angeles, LAX, and the South Bay. With high rental demand and a shortage of housing options, the asset is ideally positioned to deliver both near-term and long-term returns.