Substantially improved 5 unit apartment building in Northwest Inglewood with the ability to construct a 3 bed 2 bath ADU in the tuck under garages. Soft story retrofit work has already been completed. Phenomenal unit mix consisting of (5) 2 bed 1 bath units, two with large gated yards. 5 garage spaces with 5 additional uncovered spaces. Three units have been completed gutted and feature interior W/D units, new vinyl windows, plumbing and electrical upgrades, quartz counters, and new appliances. 5.35% CAP rate on actual financials adjusting for property taxes. 6.40% pro form CAP rate after renovating the remaining two original units. Potential 7.15%+ CAP rate after constructing an ADU.
MLS #
CRPW23206291
MLS Source
California Regional MLS
Buyer's Brokerage Compensation*
2.00
Appliances
Other
Garage/Parking
Assigned Spaces, Garage: 5 Car(s)
HOA Fee
$0
# Buildings | # Leased Units | # Total Units |
---|---|---|
1 | 5 | – |
629 Hardin Dr is a Residential Income in Inglewood, CA 90302. This – square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at – and was built in 1956.
This address can also be written as 629 Hardin Dr, Inglewood, CA 90302.©2024 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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This listing information is up-to-date as of March 12, 2024. For the most current information, please contact John Chelius, (310) 722-0360