619 S Myrtle Ave | Inglewood, CA 90301
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619 S Myrtle Ave
Inglewood, CA 90301
619 Myrtle Avenue · Multifamily Property For Sale
·
6 Units
Investment Highlights
- Outstanding Inglewood Location – 6 Blocks from SoFi Stadium, The Forum & Upcoming Inglewood Transit Connector and Less Than 1 Mile from Intuit Dome
- Completely Renovated with City of Inglewood/LAX Sound Insulation Program – Newer Windows, HVACs, Special Doors, Etc. | Upgraded Electrical Subpanels
- Unit Mix of (1) 2-Bed/1-Bath Unit & (5) 1-Bed/1-Bath Units | On-Site Laundry Facility - Generates Additional Annual Income | Total of 6 Parking Spaces
- 6.16% Current Cap Rate & 11.07 Current GRM | 7.78% Pro-Forma Cap Rate & 9.34 Pro-Forma GRM | 2 Units are Less than 80% of Inglewood FMR
- Roof Recently “Tuned Up” | Tremendous Curb Appeal – Newly Painted Building with New Drought-Tolerant Landscaping | Private Balconies
- Centrally Located Near Hollywood Park, Youtube Theatre, Crenshaw/LAX Metro Line Station, SpaceX, Tesla & LAX Airport
Property Facts
| No. Units | 6 | Building Size | 3,670 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1961 |
| Building Class | C | Parking Ratio | 1.63/1,000 SF |
| Lot Size | 0.16 AC | ||
| Zoning | R3 - Multiple Dwelling R2 Uses, Apartment Houses, Multiple Dwellings, Child Care (20 max) | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 3,670 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 1.63/1,000 SF |
| Zoning | R3 - Multiple Dwelling R2 Uses, Apartment Houses, Multiple Dwellings, Child Care (20 max) |
Amenities
Unit Amenities
- Balcony
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $2,800 | - |
| 1+1 | 5 | $1,811 | - |
Property Taxes
| Parcel Number | 4021-034-015 | Improvements Assessment | $141,980 |
| Land Assessment | $567,956 | Total Assessment | $709,936 |
Property Taxes
Parcel Number
4021-034-015
Land Assessment
$567,956
Improvements Assessment
$141,980
Total Assessment
$709,936
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