826 North Market Street
826 North Market Street
Closed 7/13/22
Closed 7/13/22
Description
investor looking to capitalize on the Inglewood market. Beautifully renovated 10 unit building located in the nicest
and most desirable pocket of Inglewood. Meticulous
remodels include new appliances, fixtures, cabinets,
countertops, flooring and bathrooms. This trophy asset
would be the perfect opportunity for any investor looking
for a low maintenance asset in a rapidly appreciating
neighborhood. The subject property has a unit mix consisting...826 N Market St is a stunning asset and perfect fit for any
investor looking to capitalize on the Inglewood market. Beautifully renovated 10 unit building located in the nicest
and most desirable pocket of Inglewood. Meticulous
remodels include new appliances, fixtures, cabinets,
countertops, flooring and bathrooms. This trophy asset
would be the perfect opportunity for any investor looking
for a low maintenance asset in a rapidly appreciating
neighborhood. The subject property has a unit mix consisting of (4)
2Bed/1Bath and (6) 1Bed/1Bath units with the opportunity
to build (2) 2Bed/1Bath ADUs in the rear. Once built out,
the new owner would collect an extra $4,100 gross per
month. We have bids and a feasibility study completed
costing around $300k to complete the project. Once the
property is stabilized, it would operate at a 8.27 % CAP
and 9.34 GRM. You can find the feasibility study and
proposal in the offering memorandum. With close proximity to multi-billion-dollar projects
including the brand new NFL SoFi Stadium, Intuit Dome
NBA Arena and Hollywood Park Development, 826 N
Market St supports high rental income with even better
upside and will appreciate greatly due to location.
- Listed by Cameron Samimi • DRE #02035763 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc.
Property Details for 826 North Market Street
Location
Sold By Realty ONE Group United, Jin Lee, DRE #02045944
Property Details for 826 North Market Street
| Status | Closed |
|---|---|
| MLS # | SB22059901 |
| Days on Market | 97 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1955 |
| Lot Size | 0.29 AC / 12,509 SF |
| County | Los Angeles County |
Location
Sold By Realty ONE Group United, Jin Lee, DRE #02045944
Building Information for 826 North Market Street
Payment Calculator
$19,823 per month
30 year fixed, 7.25% Interest
$16,472
$3,351
$0
Property Information for 826 North Market Street
- Gross Income: $211,248
- Gross Scheduled Income: $211,248
- Vacancy Allowance Rate: 3
- Net Operating Income: $139,318
- Gross Multiplier: 14.67
- Cap Rate: 4.49
- Financing: Conventional
- Operating Expense: $65,592
- Fuel Expense: $0
- Electric Expense: $0
- Insurance Expense: $0
- Professional Management Expense: $0
- Trash Expense: $0
- Water Sewer Expense: $0
- Total Expenses: $65,592
- Tax Tract Number: 4941
- Tax Census Tract: 6009.02
- CFD/Mello-Roos Fee: $2,416
- Tax Lot: 14
- Community Features: Biking, Curbs, Foothills, Hiking, Park, Urban
- Laundry: Yes
- Laundry Features: Common Area
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Lot Features: 0-1 Unit/Acre
- Number Of Units: 10
- Land Lease: No
- Land Lease Type: Fee
- Water: Public
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 5
- Parking Garage Spaces: 5
- Carport Spaces: 0
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $2,037
- Unit Type Total Rent: $2,037
- Unit Type Pro Forma: 2500
- Unit Type Type: 1
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $1,654
- Unit Type Total Rent: $1,654
- Unit Type Pro Forma: 2500
- Unit Type Type: 10
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $1,714
- Unit Type Total Rent: $1,714
- Unit Type Pro Forma: 2050
- Unit Type Type: 2
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $1,695
- Unit Type Total Rent: $1,695
- Unit Type Pro Forma: 2050
- Unit Type Type: 3
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $1,714
- Unit Type Total Rent: $1,714
- Unit Type Pro Forma: 2050
- Unit Type Type: 4
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $2,037
- Unit Type Total Rent: $2,037
- Unit Type Pro Forma: 2500
- Unit Type Type: 5
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $1,654
- Unit Type Total Rent: $1,654
- Unit Type Pro Forma: 2500
- Unit Type Type: 6
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $1,714
- Unit Type Total Rent: $1,714
- Unit Type Pro Forma: 2050
- Unit Type Type: 7
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $1,714
- Unit Type Total Rent: $1,714
- Unit Type Pro Forma: 2050
- Unit Type Type: 8
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $1,311
- Unit Type Total Rent: $1,311
- Unit Type Pro Forma: 2050
- Unit Type Type: 9
- Rent Controlled: Yes
- Number Of Buildings: 1
- Number Of Separate Electric Meters: 10
- Number Of Separate Gas Meters: 10
- Number Of Separate Water Meters: 1
Property History for 826 North Market Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 826 North Market Street
Schools near 826 North Market Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 6 | |||
| Public - | 7 to 8 | |||
| Public - | 9 to 12 | |||
| Charter - | K to 5 |
Rating | School | Distance |
|---|---|---|
Highland Elementary School PublicK to 6 | ||
Crozier (George W.) Middle School Public7 to 8 | ||
Inglewood High School Public9 to 12 | ||
Wilder's Preparatory Academy Charter 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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Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Cameron Samimi, DRE #02035763
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.