911 E La Palma Drive K
Property Overview
911 E La Palma Dr | 10-Unit Multifamily, Inglewood. 1937-built asset totaling 5,521 SF on an 11,488 SF lot on the north side of E La Palma Dr between Larch St and Myrtle Ave, less than a mile from SoFi Stadium and within about a mile of Intuit Dome and the Kia Forum. The property features (10) 1BR/1BA units averaging 470 SF, each upgraded throughout, plus 10 on-site parking spaces and an established RUBS program. All ten units are occupied at an average rent of $1,832 against a $1,975 market rent, and the property is subject to the Inglewood Housing Protection Ordinance. Offered at $2,250,000 ($225,000/unit | $407.53/SF) with a 6.59% in-place cap rate, the story here is simplicity a fully occupied, upgraded asset in the stadium district with a 7.30% pro forma cap and no capital program required.
Home Details
- Property type
- Residential Income
- Year built
- 1937
- Living area
- 5,521 sq ft
- Lot size
- 11,492 sq ft
- Parking
- 10 spaces
- Days on market
- 12
- MLS status
- Active
- Zoning
- INR3YY
Features & Amenities
Parking
- Private
Community, Schools & Utilities
Utilities
- Heating
- None
- Cooling
- None
Location & Neighborhood
Frequently Asked Questions About 911 E La Palma Drive K
Property type: Residential Income
What clients say
“Reza was the best agent we have ever worked with.”Russell & Susan McQueen
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