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940 Larch St
Inglewood, CA 90301
CRAZY LOW 3.19% ASSUMABLE $2.75MM LOAN! · Multifamily Property For Sale · 18 Units

Investment Highlights

  • 'Bigger' Inglewood bldg on a large lot.
  • Renovated lobby, newer windows, rehabbed units.
  • Ease of operation, effective vacancy rate of 0+/-.
  • The SoFi submarket is Inglewood's most dynamic.
  • 5% cap on current...6.5% cap over time.
  • $2.75MM ASSUMABLE LOAN AT 3.19% - lender will underwrite the assumption at a higher rate; the loan amount will drop a bit, but still excellent option.

Property Facts

No. Units 18
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.42 AC
Building Size 12,665 SF
Average Occupancy 100%
No. Stories 2
Year Built 1959
Parking Ratio 1/1,000 SF
Zoning R3, Inglewood - Multiple Dwelling Zone

Amenities

Unit Amenities

  • Air Conditioning
  • Balcony
  • Storage Space
  • Oven
  • Tub/Shower

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 13 - 650
2+1 5 - 900

Property Taxes

Property Taxes

Parcel Number
4024-015-026
Land Assessment
$1,711,577
Improvements Assessment
$733,526
Total Assessment
$2,445,103
  • Listing ID: 31481873

  • Date on Market: 4/11/2024

  • Last Updated:

  • Address: 940 Larch St, Inglewood, CA 90301

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