940 Larch Street
940 Larch Street
$5,199,000
23
18
12,665
12,665
$411
Description
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,...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.
- Listed by Brice Head • DRE #01330706 • Brokerage DRE #00868409 • CBRE, Inc.
Property Details for 940 Larch Street
Zoning
INR3YY
Parcel Number4024015026
Total Units18.0
Living Area12665
Source Living AreaVendor Enhanced
AreaSouth Inglewood (102)
Vacancy Rate0
Lot Size Area18389
Location
LISTING UPDATED: 04/16/2024 12:01 AM
Property Details for 940 Larch Street
Status | Active |
---|---|
MLS # | 24-379261 |
Days on Market | 55 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1959 |
Lot Size | 0.42 AC / 18,389 SF |
County | Los Angeles County |
Location
Building Information for 940 Larch Street
Stories-Residences-Year Built1959Building Size-Lot Size0.42 AC / 18,389 SF
Payment Calculator
$31,158 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 940 Larch Street
Property History for 940 Larch Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 940 Larch Street
Taxable ValueLand$1,645,115Additions$706,644Total$2,351,759
Tax Record2023$33,425 ($2,785 / month)
Home Facts
Total Finished SqFt12,665 SqFtAbove Grade Finished SqFt12,665 SqFtLot Size18,384 SqFtStyleMulti-Family Res (5+ Units)Year Built1959ZoningINR3YYCountyLOS ANGELESAPN4024-015-026
Schools near 940 Larch Street
This home is within Inglewood Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 8 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 | |||
Charter - | K to 5 |
Rating | School | Distance |
---|---|---|
Payne (Beulah) Elementary School PublicK to 8 | ||
Crozier (George W.) Middle School Public7 to 8 | ||
Morningside High School Public9 to 12 | ||
Icef Inglewood Elementary Charter Academy CharterK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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