Inglewood, CA 90301 940 Larch St
$5,199,000
0 more
Presented By: Brice Head with CBRE, Inc.
Home Details
A value-add, 18 unit investment in a location 'on the come'.... in the shadow SoFi Stadium, America's highest grossing concert venue in 2023. Grossing $175MM and also employing 2,600 event day employees. SoFi is next door to the West Coast Headquarters of the NFL - 1,000 local employees and $20B in 2023 revenue. Next to that, the YouTube Theater - and The Forum, 5 minutes to the North and the new, $2B Intuit Dome, 5 minutes to the South. Lastly, the subject property is a block from Centinela Hospital, with 1,332 employees. Forgot to mention, the 57,000 badge holders at LAX, nearby, as well. The building has a secured-access, renovated lobby, leading to a landscaped courtyard. In addition, there are newer windows throughout. Secured-access, carport parking, in rear. Thirteen 1s, Five 2s, 13K sq. ft. on a massive, 18K+ footprint. 5% cap from the jump. The building is a 'No Brainer' operationally and affords you a path toward a 6.5% market cap rate. EXCLUSIVELY LISTED AT $5,199,000.
Presented By: Brice Head with CBRE, Inc.
Interior Features for 940 Larch St
Bedrooms
Total Bedrooms23
Bathrooms
1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths18
Other Interior Features
Air Conditioning Y/NNo
Heating Y/NYes
Total Stories
General for 940 Larch St
Carport Y/NYes
CityInglewood
CoolingNone
CountyLos Angeles
Days on Market8
DirectionsNear Arbor Vitae & Prairie
Gross Income405732
HOA / Comm AssnNo
HeatingWall Furnace
LevelsTwo
Lot Size Square Feet18389
Lot Size UnitsSquare Feet
MLS Area102 - South Inglewood
Net Operating Income250859
New ConstructionNo
NumberOfUnitsTotal18
Property TypeResidential Income
Senior Community Y/NNo
Standard StatusActive
StatusActive
Stories2
Year Built1959
ZoningINR3YY
Exterior for 940 Larch St
Building Area Total12665
Lot Size Acres0.4222
Lot Size Area18389
Number of Buildings1
Parking FeaturesCarport
Total Parking0
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480