720 N. Market Street in the growing North Inglewood sub market of Los Angeles. This 16-unit multifamily asset represents a compelling opportunity to acquire a fully renovated, turnkey property with strong in-place cash flow and operational stability. This unique property has undergone major capital improvements in recent years, and is a standout in the neighborhood. Renovations include; new solar panels, all 16 units remodeled, 88 windows replaced, electrical panel upgraded, 16 subpanels upgraded, 16 Nest thermostats, Copper re-pipe of entire building, new roof,
new HVAC system, security system and gated entry. With approximately $750,000 already invested in this property, new ownership can be confident in their operations and the longevity of the asset.
Located within walking distance to the new Metro Purple line, this property is strategically located for both tenants that commute and those that work in Los Angeles and the South Bay. Within a 5 mile radius employers include; LAX Airport, SpceX, Intuit Dome, KIA Forum, SoFi stadium, Northrop Grumman, Kaiser Permanente and multiple hospitals. The location of this asset cannot be overlooked, with major employers nearby and the ongoing development happening in Inglewood, this asset is truly positioned in a growing market now, and in the future. With the upcoming FIFA World Cup and the 2028 Olympic Games, 720 N Market St is located in a market that will likely reach new heights. An investor has the chance to own an already well performing asset, in a growing market, where cash flow is consistent from day one with a high potential of capital growth and increased monthly cash flow with upgraded systems.
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Zillow last checked:
Listing updated:
Listed by:
Justin WhiteDRE #01267826714.231.2537,
Justin White
Source: CRMLS,MLS#: PW26117557Originating MLS: California Regional MLS
Facts & features
Interior
Heating
Central
Cooling
Central Air
Appliances
Included: Gas Cooktop, Microwave, Solar Hot Water
Laundry: Common Area
Features
Balcony, Storage, Unfurnished
Windows: Double Pane Windows
Has fireplace: No
Fireplace features: None
Common walls with other units/homes: 2+ Common Walls
Interior area
Total structure area: 13,918
Total interior livable area: 13,918 sqft
Property
Parking
Total spaces: 16
Parking features: Assigned, Storage
Garage spaces: 16
Features
Levels: Two
Stories: 2
Entry location: West
Pool features: None
Lot
Size: 0.29 Acres
Features: 16-20 Units/Acre
Details
Parcel number: 4016010002
Special conditions: Standard
Construction
Type & style
Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes
Materials
Copper Plumbing
Foundation: Slab
Roof: Composition
Condition
Turnkey
New construction: No
Year built: 1964
Utilities & green energy
Sewer: Public Sewer
Water: Public
Utilities for property: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Connected, Water Connected
Green energy
Energy efficient items: HVAC
Energy generation: Solar
Community & HOA
Community
Features: Street Lights, Sidewalks
Security: Fire Detection System, Fire Sprinkler System, Security Gate, Resident Manager, Smoke Detector(s)
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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