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    640 Hill Street

    Inglewood, CA 90302
    • $1,949,000
    • STATUS: Active
    • ON SITE: 93 days
    • ID#: OC20138940
    UPDATED: 48 min ago
    $1,949,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,246
      SQFT
    • $372
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1958
    County:

    School Ratings & Info

    Description

    640 Hill Street is 7 unit apartment building located in the highly desirably city of Inglewood, Ca very close to the new Sofi Stadium Development and conveniently located off the 405 freeway. With 3 units delivered vacant and remodeled, an investor can achieve a good return by achieving market rents. The property has a good unit mix of (6) 1 bed/1 bath units and (1) 2 bed/1 bath vacant unit with (7) carport parking spaces. This amazing building was built in 1958 with a total size of 5,246 SF, sitting on 7,882 SF lot zoned R3. 3 Units will be Delivered Vacant at Close of Escrow. 5.3% Actual Cap Rate and 12.6 Actual GRM (5.8% Market Cap and 11.9 Market GRM). Prime Location in Inglewood near LAX, Space-X, Manhattan Beach, Forum, New LA Sofi Stadium, Ladera Heights, Culver City, El Segundo, Parks & Recreation, and Restaurants & Shops.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-23T22:29:49.227. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.

    www.therealestategirl.com/homes/108074013
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    640 Hill Street Inglewood, CA 90302

    • Price: $1,949,000
    • Status: Active
    • Updated: 48 min ago
    • ID#: OC20138940
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    5,246
    SQFT
    $372
    $/SQFT
    1958
    Built
    Neighborhood:
    101 - North Inglewood
    County:
    Los Angeles
    Area:
    101 - North Inglewood
    Property Description
    640 Hill Street is 7 unit apartment building located in the highly desirably city of Inglewood, Ca very close to the new Sofi Stadium Development and conveniently located off the 405 freeway. With 3 units delivered vacant and remodeled, an investor can achieve a good return by achieving market rents. The property has a good unit mix of (6) 1 bed/1 bath units and (1) 2 bed/1 bath vacant unit with (7) carport parking spaces. This amazing building was built in 1958 with a total size of 5,246 SF, sitting on 7,882 SF lot zoned R3. 3 Units will be Delivered Vacant at Close of Escrow. 5.3% Actual Cap Rate and 12.6 Actual GRM (5.8% Market Cap and 11.9 Market GRM). Prime Location in Inglewood near LAX, Space-X, Manhattan Beach, Forum, New LA Sofi Stadium, Ladera Heights, Culver City, El Segundo, Parks & Recreation, and Restaurants & Shops.
    Exterior Features

    Carport Spaces 7.00 Construction Materials Stucco Direction Faces West Garage Spaces 0.00 Lot Features 6-10 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Features Carport Parking Total 7.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Roof Composition

    Interior Features

    Appliances Gas Range Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Fireplace Features None Fireplace YN No Flooring CarpetLaminateTile Heating Wall Furnace Heating YN Yes Interior Features Ceiling Fan(S)Tile Counters Laundry Features Common AreaSee Remarks Room Type Living Room

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 5.30 Community Features CurbsSidewalks Country Us Elevation Units Feet Gross Income 154800.00 Gross Multiplier 12.60 Gross Scheduled Income 154800.00 Insurance Expense 0.00 Land Lease YN No Laundry YN Yes Net Operating Income 103095.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 7 Number Of Separate Gas Meters 7 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 47061.00 Professional Management Expense 0.00 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 47061.00 Trash Expense 0.00 Utilities Electricity AvailableNatural Gas AvailableSee Remarks Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor Zoning Inr3yy

    Listing provided courtesy of Brian Noh of Nohco Real Estate


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-23T22:29:49.227. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.

     
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