Inglewood, CA 90303 3737 W 111th Place
$1,200,000
38 more
Presented By: John McCann with Lyon Stahl Investment Real Estate, Inc.;
Home Details
Welcome to 3737 W 111th Place ... a unique offering perfect for a wide range of clientele. This triplex is made up of three individual houses on an oversized 11,000+ sqft lot and offers two separate two car garages plus tons of yard space. For an owner-user you're looking at a dream 3bd/2ba house at an astonishing price tag of just $400,000 plus an additional two homes in the back which can house family members or be rented out for additional income. Getting any single family residence for less than $600,000 is almost unheard of 10 minutes from the beach so maybe grab two friends and go in on this one together for the deal of a lifetime at $400,000 per door! For the savvy investor this property features major upside potential of 54% in a rapidly gentrifying Inglewood market. You can either look to vacate tenants and fully redevelop four new units or renovate existing units, match market rents, and potentially add two ADUs. With a growing economy in the area and significant income growth prospects, this property is perfect for investors looking to expand their portfolio or a developer looking to capitalize on the large lot size. Conveniently placed near the 105 and 405 freeways gives owners or tenants easy access to downtown Los Angeles, LAX, or to the beautiful SoCal Beaches just 10 minutes away. Don't miss out on this opportunity, the buyer pool is just too large for this deal to last very long ... Give us a call today!
Presented By: John McCann with Lyon Stahl Investment Real Estate, Inc.;
Interior Features for 3737 W 111th Place
Bedrooms
Total Bedrooms7
Bathrooms
1/4 Baths0
3/4 Baths0
Half Baths
Total Baths4
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Total Stories
General for 3737 W 111th Place
Additional Parcels Y/NNo
Attached Garage No
Cap Rate3.16
Carport Y/NNo
CityInglewood
CountyLos Angeles
Days on Market71
DirectionsHeading West on I-105 Freeway, Take The Exit Onto Praire Avenue, Stay In The Second Left Turning Lane From Left And Turn Left On S Praire Ave Then Make A Quick Right-Hand Turn Onto W 111th Pl, In .3 mi.
Full Baths
Garage Spaces4.0
Garage Y/NYes
Gross Income63564.0
HeatingWallFurnace
Home Owner AssocNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Lot Size Square Feet11284.0
Lot Size UnitsSquareFeet
MLS Area102 - South Inglewood
MobileHomeRemainsYNNo
Net Operating Income37952.0
New ConstructionNo
NumberOfUnitsTotal3
Open Parking Spaces3.0
Private PoolNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
Stories1
View Y/NNo
Waterfront Y/NNo
Year Built1960
ZoningINR2YY
Exterior for 3737 W 111th Place
Building Area Total3057.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.259
Lot Size Area11284.0
Number of Buildings3
Open Parking Y/NNo
Parking FeaturesDoorMulti, Driveway, Garage
SpaNo
Total Parking7.0
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480