CA > Inglewood
Inglewood, CA 90302,746 Cory DR
Inglewood, CA 90302,746 Cory DR
Inglewood, CA 90302,746 Cory DR
Additional details
Paul Ward

Paul Ward

+1(805) 479-5004
$1,850,000
Est. payment /mo
9,644 Sqft Lot
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UPDATED:

01/14/2025 12:58 AM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID SB24236205

HOA Y/N No

Year Built 1953

Lot Size 9,644 Sqft

Property Description

PRIME NW Inglewood Location. 8 unit apartment complex with recently upgraded Electrical panels and Roof (approx 10 yrs old). Great unit mix with a mix of Large One Bedrooms (8) and Two Bedroom One Bath Units (3).
Price to Sell with a potential 6%+ Cap. Long Term tenants with significant upside in rents (Rent Roll attached). City of Inglewood allows a generous annual rent increase of 8.9% when rents are below their 80% FMR (Fair Market Value) which applies to all of the residents. This asset is NOT Subject to LA City or LA County Rent Control restrictions.
Low Cost of operations as each tenant pays their own Hot Water with individual Hot Water Heaters in each unit. Tenants also benefit from a Gas servicing each unit (as with individual meters) and Individual Electric Meters. Common area laundry on site (Vender has MTM Agreement). Parking area consists of Open Spaces (3), Carports (3), a 2 car enclosed garage plus and additional single car enclosed garage.
Amazing street presence. Pride of Ownership asset. Seller (and partners) has owned this asset for 24+ years and is retiring / dissolving the partnership. No Seller carrybacks of financing offers are considered.
Other recent upgrades:
SB 326 Balcony requirements: Inspected and Repairs completed with permits by National Deck. Stairway railings brought up to current code height and spacing requirements.
Main Gas Meters updated with Earthquake Shut off Valves - to comply with Insurance Requests.

Location

State CA

County Los Angeles

Area 101 - North Inglewood

Zoning INR3YY

Interior

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 3.0

Carport Spaces 3

Garage Description 3.0

Pool None

Community Features Biking, Sidewalks

Total Parking Spaces 9

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Sewer Public Sewer

New Construction No

Others

Senior Community No

Tax ID 4017021020

Energy Description 250.0

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

Read Less Info
California Regional MLS (CRMLS)
Listed by David Holstein • The Holstein Group • 310-345-9994

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agent

Paul Ward

+1(805) 479-5004

Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

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