632 Manchester Drive
Property Overview
Prime Inglewood 5-unit value-add investment opportunity located less than a 5-minute walk from SoFi Stadium and The Forum. The property features two 2-bedroom/1.75-bath units and three 1-bedroom/1-bath units, with spacious floor plans of approximately 900–1,000 square feet. Offered at $319,000 per unit and $326 per square foot, the property offers approximately 25% rental upside with a projected Pro Forma 6.9% CAP and 11.2 GRM. The property features select remodeled units, A/C in all units, on-site laundry, and an all-electric configuration with no gas expense. Recent improvements include an approximately 5-year-old roof, exterior paint, and water-efficient landscaping. Additional value-add potential includes adjacent double and single-car garages with possible ADU conversion, subject to buyer verification. Strong location, large units, rental upside, and ADU potential make this a compelling value-add opportunity in the heart of Inglewood.
Home Details
- Property type
- Residential Income - Apartment
- Year built
- 1963
- Lot size
- 6,962 sq ft
- Parking
- 3 spaces
- Garage
- 3 spaces
- Stories
- 2
- Days on market
- 0
- MLS status
- Active
Features & Amenities
Pool
- None
Lot
- Rectangular Lot
Community, Schools & Utilities
Utilities
- Heating
- Central
- Cooling
- CentralAir
- Water
- Public
- Sewer
- PublicSewer
Location & Neighborhood
Frequently Asked Questions About 632 Manchester Drive
Property type: Residential Income
What clients say
“Reza was the best agent we have ever worked with.”Russell & Susan McQueen
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