940 Larch Street
Inglewood, CA, 90301 $ 5,199,000
Baths0.0 Sq 12,665 Monthly Estimate*
$ 34,554
Studio
for $5,199,000. This 12,665 square foot home was built in 1959 on a lot size of 0.42.
A value-add, 18 unit investment in a location 'on the come'.... in the shadow SoFi Stadium, America's highest grossing concert venue in 2023. Grossing $175MM and also employing 2,600 event day employees. SoFi is next door to the West Coast Headquarters of the NFL - 1,000 local employees and $20B in 2023 revenue. Next to that, the YouTube Theater - and The Forum, 5 minutes to the North and the new, $2B Intuit Dome, 5 minutes to the South. Lastly, the subject property is a block from Centinela Hospital, with 1,332 employees. Forgot to mention, the 57,000 badge holders at LAX, nearby, as well. The building has a secured-access, renovated lobby, leading to a landscaped courtyard. In addition, there are newer windows throughout. Secured-access, carport parking, in rear. Thirteen 1s, Five 2s, 13K sq. ft. on a massive, 18K+ footprint. 5% cap from the jump. The building is a 'No Brainer' operationally and affords you a path toward a 6.5% market cap rate. EXCLUSIVELY LISTED AT $5,199,000.
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FeaturesGeneralHeating Wall Furnace
Zoning INR3YY
Year Built 1959
Levels Two
County Los Angeles
Net Operating Income 250859.0
New Construction No
Property Type C
HOA / Comm Assn No
Status Active
City Inglewood
Buyer Agent Compensation 2.50
Senior Community Y/N No
MLS Area 102 - South Inglewood
Lot Size Square Feet 18389.0
Street Name Larch
Standard Status Active
Buyer Agent Compensation Type %
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ExteriorParking Features Carport
Lot Size Area 18389.0
Foundation Details None
Building Area Total 12665.0
Lot Size Acres 0.42
Lot Size Units Square Feet
Land Lease Type Fee
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InteriorAir Conditioning Y/N No
Heating Y/N Yes
Street Suffix Street
Total Baths 0
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $34,554
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Inglewood, CA
Average List Price $2,527,102
Percent of Sale Price 51%
About Inglewood, CA 110,986 Population
-2% Since 2002
$ 45,801 Median Income
35.72 Median Age
34% Households with Children
Trends Information provided by ATTOM Data Solutions.
793437 Elementary School
793428 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/12/2024 | $5,199,000 | | Listed Price |