Inglewood, CA 90302 530 Venice Way
$3,300,000
Pending
8 more
Presented By: William James with Lyon Stahl Investment Real Estate, Inc.;
Beds • 25
Baths • 14
SQFT • 10,487
Home Details
The subject property was built in 1959 and consists of (2) Studio / 1 Bath, (11) 2 Bed / 1 Bath, and (1) 3 Bed / 2 Bath. This is an excellent cash flow opportunity listed at a 7.19% cap rate and 9.68 grm while still offering upside potential. The building is spread out over 10,487 square feet of gross leasable area and sits on a large 15,138 square foot lot that is zoned INR3YY. The property is very well located in northwest Inglewood, just a short distance to Sofi Stadium, the Intuit Dome, and the Hollywood Park Casino development. The Fox Hills mall is located just to the north providing tenants in this area with plenty of shops, dining, and entertainment.
Presented By: William James with Lyon Stahl Investment Real Estate, Inc.;
Interior Features for 530 Venice Way
Bedrooms
Total Bedrooms25
Bathrooms
1/4 Baths0
3/4 Baths0
Half Baths
Total Baths14
Other Interior Features
LivingAreaSourceOther
Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Total Stories2
General for 530 Venice Way
Additional Parcels Y/NNo
Architectural StyleMidCenturyModern
Attached Garage No
Cap Rate7.17
Carport Y/NYes
CityInglewood
Construction MaterialsStucco
CoolingWallWindowUnits
CountyLos Angeles
Days on Market33
DirectionsSubject property is located on the South side of Venice Way between Beach Ave and Glenway Dr.
Electric On Property Y/NNo
Entry LocationGround Level w/steps
Facing DirectionNorth
Full Baths
Garage Y/NNo
Gross Income347108.0
HeatingWallFurnace
Home Owner AssocNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsMultiSplit
Lot Size Square Feet15143.0
Lot Size UnitsSquareFeet
MLS Area101 - North Inglewood
MobileHomeRemainsYNNo
Net Operating Income236674.0
New ConstructionNo
NumberOfUnitsTotal14
Occupancy TypeTenant
Pool FeaturesNone
Private PoolNo
Property ConditionUpdatedRemodeled
Property TypeResidentialIncome
Rent Control Y/NNo
RoofComposition, Shingle
Security FeaturesCarbonMonoxideDetectors, SmokeDetectors
Senior Community Y/NNo
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
Tenant PaysElectricity, Gas
ViewCityLights
View Y/NYes
Waterfront Y/NNo
Year Built1959
ZoningINR3YY
Exterior for 530 Venice Way
Building Area Total10487.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesFlagLot, IrregularLot
Lot Size Acres0.3476
Lot Size Area15143.0
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesCarport
SpaNo
Total Parking12.0
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480