Inglewood, CA 90303 3737 W 111th Pl
$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 Pl
Bedrooms
Total Bedrooms7
Bathrooms
1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths4
Other Interior Features
Heating Y/NYes
Total Stories
General for 3737 W 111th Pl
Cap Rate3.16
CityInglewood
CountyLos Angeles
Days on Market1
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.
Garage Spaces4
Garage Y/NYes
Gross Income63564
HOA / Comm AssnNo
HeatingWall Furnace
LevelsOne
Lot Size Square Feet11284
Lot Size UnitsSquare Feet
MLS Area102 - South Inglewood
Net Operating Income37952
New ConstructionNo
NumberOfUnitsTotal3
Open Parking Spaces3
Property TypeResidential Income
Senior Community Y/NNo
Standard StatusActive
StatusActive
Stories1
Year Built1960
ZoningINR2YY
Exterior for 3737 W 111th Pl
Building Area Total3057
Lot Size Acres0.259
Lot Size Area11284
Number of Buildings3
Parking FeaturesDoor-Multi, Driveway, Garage
Total Parking7
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480