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702 Walnut Street

Inglewood, CA 90301
  • $1,025,000
  • STATUS: Closed
  • ON SITE: 66 Days
  • ID#: 22185001
Sold - 09/28/2022
$1,025,000
SOLD - 09/28/2022
  • 6
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,008
    SQFT
  • $341
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1958
County:

School Ratings & Info

Listing Agent(s): Attila Csupo of Corcoran Global Living (310-441-0111)


Description

Attention Developers/Investors in the Inglewood region! Priced for a quick sale! 1.5 miles from the Sofi Stadium. Two buildings on an R3 lot! Front bldg: Divided into 4 units . (All are studios. One has kitchen.) Rear building: Five units. Apt 2: Large one bedroom with kitchen, unoccupied, current market rent around $2000. Apt 3: studio with full kitchen, unoccupied, potential rent: $1000+. Apt 4: studio with full kitchen, Apt E: Small studio, no kitchen, shares bathroom with Apt F. Apt F: Small studio no kitchen, shares bathroom with Apt E. Current rent Total living area: 3008 sq/ft Large land: 9616 sq/ft ...Opportunity galore! Cap rate 5.53% when fully rented. Cap rate with two vacant units: 2.54% Sold as is in its current condition. Sold for land value.

Sold by Lynn Lin of Corcoran Global Living.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-10-07T00:29:52.513. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Beach City Brokers | BCB Premier Estates | The Miller Group. Licensed in the State of California, USA.
www.tolivebythesea.com/homes/131489945
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702 Walnut Street Inglewood, CA 90301

  • Price: $1,099,000
  • Status: Closed
  • On Site: 66 Days
  • Updated: 86 min ago
  • ID#: 22185001
6
Beds
0
Baths
0
½ Baths
0.22
Acres
3,008
SQFT
$341
$/SQFT
1958
Built
Neighborhood:
101 - North Inglewood
County:
Los Angeles
Area:
101 - North Inglewood
Property Description
Attention Developers/Investors in the Inglewood region! Priced for a quick sale! 1.5 miles from the Sofi Stadium. Two buildings on an R3 lot! Front bldg: Divided into 4 units . (All are studios. One has kitchen.) Rear building: Five units. Apt 2: Large one bedroom with kitchen, unoccupied, current market rent around $2000. Apt 3: studio with full kitchen, unoccupied, potential rent: $1000+. Apt 4: studio with full kitchen, Apt E: Small studio, no kitchen, shares bathroom with Apt F. Apt F: Small studio no kitchen, shares bathroom with Apt E. Current rent Total living area: 3008 sq/ft Large land: 9616 sq/ft ...Opportunity galore! Cap rate 5.53% when fully rented. Cap rate with two vacant units: 2.54% Sold as is in its current condition. Sold for land value.
Exterior Features

Parking Features Driveway Parking Total 6 Pool Features None Pool Private YN No

Interior Features

Heating Electric Heating YN Yes

Property Features

Association YN No Cap Rate 5.5 Gross Income 3605 Levels Multi/Split Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash Net Operating Income 41144 New Construction YN No Possession Close Of Escrow Property Condition Fixer Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 2 Zoning Inr3yy



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-10-07T00:29:52.513. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Beach City Brokers | BCB Premier Estates | The Miller Group. Licensed in the State of California, USA.
 
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Beach City Brokers | BCB Premier Estates | The Miller Group
1716 South Catalina Avenue
Redondo Beach CA, 90277
Listing Agent(s): Attila Csupo of Corcoran Global Living (310-441-0111)