Property Description

Clean & well maintained 4-Unit property at a GRM of 13 on current rents within the heart of South Inglewood's $5 billion downtown development project! 3 of 4 units recently updated with stable tenants and rent increases for 2022 already in place including a ratio utility billing system (RUBS). Additional upside on the 4th unit & two 2-car garages for even more value-add through potential ADU conversion(s). Many capital improvements including three recently renovated units with updated kitchens, bathrooms, flooring, lighting & ceiling fans. New exterior paint and retrofitted with new windows, split HVAC units & upgraded electrical panel through the City of Inglewood's residential sound insulation program. Investors benefit from a high income producing property boasting extra large units in one of the LA's most rapidly developing communities within close proximity to SoFi stadium, Intuit Dome NBA arena, and Hollywood Park retail & residential complexes. Plenty of nearby freeway access and public transportation including the $1.4B Inglewood Transit Connector Project (ITC) between the Metro Crenshaw/LAX Line & downtown major event centers. This incredible rental market is perfect for investors who enjoy low vacancy rates, high market rental rates, and strong long-term appreciation. This easy to own asset is a great addition to any portfolio!