122 E Spruce

Property Overview
Opportunity comes knocking...This is a multi- unit property with 4 separate dwellings including 4 car detached garage. Street to alley access. This property will attract the flipper, investor (8 CAP rate at current rents creates value north of $1M, keep increasing the rent annually at the City's maximum amount until at market rates to create annual property value increase; or completely re-develop, like other neighbors have, into an 7-8 unit complex! Fantastic financial opportunity.Zoned R3, check with the City of Inglewood for future development opportunities. Located in the highly desirable section of N. Inglewood, close to So-Fi stadium. Property being sold in its present condition; seller will make NO repairs and NO termite clearance. Offers must include pre-approval and verification of cash to close. Seller to choose all services. Buyers to cooperate with seller 1031 exchange..
Home Details
- Property type
- ResidentialIncome - Quadruplex
- Year built
- 1910
- Lot size
- 9,627 sq ft
- Parking
- 4 spaces
- Garage
- 4 spaces
- Stories
- 1.0
- Days on market
- 7
- MLS status
- Active
- Zoning
- R3
Features & Amenities
Pool
- None
Lot
- Front Yard
- Garden
Community, Schools & Utilities
Utilities
- Cooling
- None
- Water
- Public
- Sewer
- PublicSewer
Location & Neighborhood
Frequently Asked Questions
Homeowner resources
Certified San Diego home inspectors
Schedule an inspectionTrusted local movers
Get a quoteCA homeowners insurance
Get a quoteDisclosure: We may have a referral relationship with selected providers.
Get More Info
TestimonialsCrown Coastal Support Team
Direct support from our real estate team
“Reza was the best agent we have ever worked with.”— Russell & Susan McQueen
Listing Agent

