The Royal Palms Apartments are located at 441 and 437 Queen Street in Inglewood, CA. This 18-unit property features projected rental upside of close to 50% +/-, and offers a terrific opportunity for today's discerning and keen apartment investor. Sitting on a large 17,211 square foot lot on one of the best streets in Inglewood, the property has an incredible 23,513 of rentable space. The building has an exceptionally attractive unit mix of mostly large two and three bedroom units. Many of the units have both showers and a separate bathtub. Additionally, many of the units are townhouse style with two levels of living area.The property also has ample onsite parking with 40+ covered parking spots. There is onsite laundry for the tenant's convenience as well (leased). Half of the property is an all-electric building with separate electric meters and the other has individual gas and electric meters. During the few days of the year heat is required, the units feature either radiant (all electric) or forced air heat. Additionally, each large kitchen has a dishwasher and units have private balconies, some with more than one. Each building has a secure storage area that previously was plumbed a bathroom. The property is located just a few short minutes away from the $5 Billion NFL SoFi Stadium/Hollywood Park development, the incoming Clippers Arena, and the brand new downtown Inglewood metro station! Investment opportunities like this one are rare!
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
