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    228 Stepney St

    Inglewood, CA 90302
    • $2,950,000
    • STATUS: Active
    • ON SITE: 32 days
    • ID#: 21-715198
    $2,950,000
    • 9
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,464
      SQFT
    • $395
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1962
    County:

    School Ratings & Info

    Description

    Value Add 13 units! 9-unit building + 4 Approved ADUs in prime Northwest Inglewood area priced at only 226k/door. Incredible Current Cap Rate of 6% and GRM of 12.1 with upside to 7.6% Cap and 10.1 GRM. Delivered with 3 vacant units for immediate upside and renovations. Excellent up and coming Inglewood location minutes from the Rams Stadium, Forum, Culver City, and Playa Vista. Individually metered for Gas & Electricity. Approved Plans to convert the garages to 2 attached ADUs and convert a portion of the carport to 2 detached ADUs for a total of 4 ADUs.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-07T23:42:31.94. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.brandiprattrealestate.com/homes/115786402
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    228 Stepney St Inglewood, CA 90302

    • Price: $2,950,000
    • Status: Active
    • ID#: 21-715198
    9
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    7,464
    SQFT
    $395
    $/SQFT
    1962
    Built
    Neighborhood:
    North Inglewood
    County:
    Los Angeles
    Area:
    North Inglewood
    Property Description
    Value Add 13 units! 9-unit building + 4 Approved ADUs in prime Northwest Inglewood area priced at only 226k/door. Incredible Current Cap Rate of 6% and GRM of 12.1 with upside to 7.6% Cap and 10.1 GRM. Delivered with 3 vacant units for immediate upside and renovations. Excellent up and coming Inglewood location minutes from the Rams Stadium, Forum, Culver City, and Playa Vista. Individually metered for Gas & Electricity. Approved Plans to convert the garages to 2 attached ADUs and convert a portion of the carport to 2 detached ADUs for a total of 4 ADUs.
    Exterior Features

    Lot Size Area 10012 Other Structures Other Parking Garage CarportCarport Detached Total Parking 9

    Interior Features

    Baths Total 9.00 Cooling None Equipment Ceiling Fan Heating Wall Gas

    Property Features

    Assessed Total Value 786189 Gross Income 243580 Gross Operating Income 236272 Like Units1 4 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 179513.00 Number Of Buildings 1 Number Of Units 13 Owner Pays Water Sale Type Standard Source Living Area Owner Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 56759 Type Of Units Apartment Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Inr3yy

    Listing provided courtesy of Armin Soleimani DRE#01846872 of Global Platinum Properties, Inc..


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-07T23:42:31.94. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    eXp Realty of California, Inc.
    2603 Camino Ramon, Suite 200
    San Ramon CA, 94583