712 West Beach Avenue
712 West Beach Avenue
$1,900,000
13
7
5,891
5,891
$323
Pending
Description
Invest in inglewood's renaissance! We are pleased to present this 6-unit apartment building near the KIA Forum, SoFi Stadium, YouTube Theater, Hollywood Park, and the soon-to-be-completed Intuit Dome. Located in Inglewood's Art District, this property presents an excellent investment opportunity for new and experienced real estate investors and exchange buyers alike. Its convenient location in the heart of Inglewood's growth puts it in high demand, offering the potential for steadily increasing rental...Invest in inglewood's renaissance! We are pleased to present this 6-unit apartment building near the KIA Forum, SoFi Stadium, YouTube Theater, Hollywood Park, and the soon-to-be-completed Intuit Dome. Located in Inglewood's Art District, this property presents an excellent investment opportunity for new and experienced real estate investors and exchange buyers alike. Its convenient location in the heart of Inglewood's growth puts it in high demand, offering the potential for steadily increasing rental income and future appreciation. The building features a mix of one 3+2 unit and five 2+1 units, maximizing rental income. The property is well-maintained, with nearly 50% of the units being partially or fully renovated, and attracts a diverse tenant base and caters to a wide range of tenant preferences. Well-qualified buyers can take advantage of favorable financing terms with an assumable loan (approximate balance of $1.115M, fixed at 4.01% until January 2027), subject to lender fees and approval. Unit #4 is currently vacant, with a conservatively projected rent of $2,100 per month included in the provided rent roll. This represents an immediate opportunity to increase the property's cash flow upon acquisition. Annual parking income is $4,500 for 6+ spaces. Don't miss out on this exceptional investment opportunity in Inglewood's thriving market.
- Listed by Austin Chen • DRE #01898306 • Brokerage DRE #01425795 • Keller Williams Beverly Hills
Property Details for 712 West Beach Avenue
Zoning
INR3YY
StyleContemporary
Parcel Number4017025006
Total Units6.0
Living Area5891
Source Living AreaAssessor
AreaNorth Inglewood (101)
Vacancy Rate1 unit
Location
LISTING UPDATED: 04/20/2024 07:42 AM
Property Details for 712 West Beach Avenue
Status | Pending |
---|---|
MLS # | 24-374545 |
Days on Market | 3 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1960 |
Lot Size | 0.18 AC / 7,907 SF |
County | Los Angeles County |
Location
Building Information for 712 West Beach Avenue
Stories2Residences-Year Built1960Building Size-Lot Size0.18 AC / 7,907 SF
Payment Calculator
$11,629 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 712 West Beach Avenue
Property History for 712 West Beach Avenue
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 712 West Beach Avenue
Taxable ValueLand$836,560Additions$228,115Total$1,064,675
Tax Record2023$15,115 ($1,260 / month)
Home Facts
Total Finished SqFt5,891 SqFtAbove Grade Finished SqFt5,891 SqFtLot Size7,905 SqFtStyleMulti-Family Res (5+ Units)Year Built1960ZoningINR3YYCountyLOS ANGELESAPN4017-025-006
Schools near 712 West Beach Avenue
This home is within Inglewood Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | K to 8 | |||
Charter - | K to 8 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Highland Elementary School PublicK to 6 | ||
Parent (Frank D.) Elementary School PublicK to 8 | ||
La Tijera K-8 Charter School Academy of Excellence CharterK to 8 | ||
Inglewood High School Public9 to 12 |
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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