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    811 W 97th Street

    Los Angeles (City), CA 90044
    • $2,700,000
    • STATUS: Active
    • ON SITE: 50 Days
    • ID#: WS21195957
    UPDATED: 28 min ago
    $2,700,000
    • 0
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1958
    County:

    School Ratings & Info

    Description

    Wonderful opportunity located at 811 W 97th Street in the highly desirable city of up & coming Inglewood! The property is conveniently located off the CA-110 local to live event venues, The Forum, LAX, and the brand new So-Fi Stadium!The current owner came in and has completely remodeled 9 out of 10 units that come furnished with a stove & refrigerator, New roof, new exterior painting, New gutters, New electrical meter installed for washer & dryer which is owned by landlord and comes with the sale, new cement pavement in the front yard, & 10 Parking spots for each of the units. Sound proof windows has been installed and paid for by LAX. Newly installed electric gate & security camera system in place to provide a safer community & privacy tenants.The Property next door closed in 07/2021 and has been approved for a complete tear-down and rebuild for a 10-unit apartment complex with no rent control.landlord successfully increased the monthly gross income by over 45%! Do not let this rare opportunity slip away!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-24T17:26:27.37. 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/121131733
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    811 W 97th Street Los Angeles (City), CA 90044

    • Price: $2,700,000
    • Status: Active
    • Updated: 28 min ago
    • ID#: WS21195957
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    1958
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Los Angeles
    Area:
    699 - Not Defined
    Property Description
    Wonderful opportunity located at 811 W 97th Street in the highly desirable city of up & coming Inglewood! The property is conveniently located off the CA-110 local to live event venues, The Forum, LAX, and the brand new So-Fi Stadium!The current owner came in and has completely remodeled 9 out of 10 units that come furnished with a stove & refrigerator, New roof, new exterior painting, New gutters, New electrical meter installed for washer & dryer which is owned by landlord and comes with the sale, new cement pavement in the front yard, & 10 Parking spots for each of the units. Sound proof windows has been installed and paid for by LAX. Newly installed electric gate & security camera system in place to provide a safer community & privacy tenants.The Property next door closed in 07/2021 and has been approved for a complete tear-down and rebuild for a 10-unit apartment complex with no rent control.landlord successfully increased the monthly gross income by over 45%! Do not let this rare opportunity slip away!
    Exterior Features

    Fencing Electric Foundation Details Slab Lot Features 6-10 Units/Acre Number Of Separate Electric Meters 11 Open Parking Spaces 10 Parking Features AssignedControlled EntranceDrivewayGatedPavedOne SpaceSide By Side Parking Total 10 Pool Features None Pool Private YN No Property Attached YN Yes Road Surface Type Maintained Spa Features None Spa YN No

    Interior Features

    Accessibility Features ParkingAccessible Doors Appliances Gas CooktopGas Water HeaterRefrigerator Common Walls 2+ Common WallsEnd Unit Cooling Wall/Window Unit(S) Cooling YN Yes Flooring Laminate Heating Wall Furnace Heating YN Yes Interior Features Walk-In Closet(S)

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Common Interest Community Apartment Community Features BikingCurbsDog ParkGutter(S)ParkStorm Drain(S)Street LightsSidewalksUrban Current Financing Conventional Electric Electricity - On Property Electric Expense 4725 Fuel Expense 0 Garage YN No Gross Income 220296 Gross Scheduled Income 222696 Insurance Expense 2600 Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventional1031 Exchange Net Operating Income 168070 New Construction YN No Number Of Separate Gas Meters 10 Number Of Separate Water Meters 1 Operating Expense 48017 Pest Control Expense 567 Pool Expense 0 Possession Close Of Escrow Property Condition Turnkey Rent Control YN Yes Security Features Security SystemClosed Circuit Camera(S)Carbon Monoxide Detector(S)Fire Detection SystemFire Rated DrywallSecurity GateKey Card EntrySmoke Detector(S)Security Lights Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 20000 Tenant Pays Cable TvElectricityGas Trash Expense 3140 Utilities Cable AvailableElectricity AvailableNatural Gas AvailableSewer ConnectedSee RemarksWater Connected Water Sewer Expense 8400 Water Source Public Zoning Lard2

    Listing provided courtesy of Edward Weng of Tfs Properties, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-24T17:26:27.37. 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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