Owned by current owner since the mid-1990's, this late 1950's era apartment complex located in N/W Inglewood. It boasts a good unit mix and sits on 2 separate distinct APN #'s creating one very large lot. It has carport parking and gated entrance with dual driveways and 2 laundry rooms. Building is very well maintained with new windows throughout and beautiful land and hardscape. Seller states complete vertical & horizontal plumbing upgrades were made in 2016. This opportunity offers the investor a property that is well maintained, with rental upside. It is a perfect candidate to satisfy move up 1031 exchange requirements. This is a complex that the majority of likely residents in the area can afford to live in, which usually spells high occupancy and collections. The leverage potential this investment provides, combined with a GRM on the lower end of the regional average presents an opportunity to make your clients capital work to its ultimate advantage.
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.
