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Key Details
Sold Price $5,100,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB22034674
Sold Date 04/22/22
Bedrooms 6
HOA Y/N No
Lot Size 0.402 Acres
Property Description
Presenting 326 Queen St, Inglewood! This 16-Unit property has a great unit mix and is in a prime northwest Inglewood location! This property is being offered at a 4.06% CAP, producing $378,132 in gross income. The unit mix is comprised of (4) 1-bedroom 1-bath, (8) 2-bedroom 2-bath and (4) 3- bedroom 2-bath units. Tenants enjoy gated and secure entry with gated underground parking, private patios, a beautiful swimming pool and onsite laundry facilities. This offering includes 23 onsite parking and has recently undergone renovations including but not limited to exterior paint, landscaping, and interior renovations to roughly 30% of the units which includes new floors, new kitchens, new bathrooms, paint, electrical and plumbing upgrades as well as new windows! Given the propertys ideal location, strong unit mix, and upside in rent potential, 326 Queen St is an excellent investment opportunity for any investor seeking growth, stability, and a hedge against inflation.
Presenting 326 Queen St, Inglewood! This 16-Unit property has a great unit mix and is in a prime northwest Inglewood location! This property is being offered at a 4.06% CAP, producing $378,132 in gross income. The unit mix is comprised of (4) 1-bedroom 1-bath, (8) 2-bedroom 2-bath and (4) 3- bedroom 2-bath units. Tenants enjoy gated and secure entry with gated underground parking, private patios, a beautiful swimming pool and onsite laundry facilities. This offering includes 23 onsite parking and has recently undergone renovations including but not limited to exterior paint, landscaping, and interior renovations to roughly 30% of the units which includes new floors, new kitchens, new bathrooms, paint, electrical and plumbing upgrades as well as new windows! Given the propertys ideal location, strong unit mix, and upside in rent potential, 326 Queen St is an excellent investment opportunity for any investor seeking growth, stability, and a hedge against inflation.
Location
State CA
County Los Angeles
Area Inglewood (90301)
Zoning Public Rec
Exterior
Pool Below Ground, Private
Building
Lot Description Sidewalks
Others
Acceptable Financing Cash
Space Rent $1,502
Listing Terms Cash
Financing Cash
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Bought with Austin Zahn • Lyon Stahl Investment Real Estate, Inc.