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    623 S Grevillea Ave

    Inglewood, CA 90301
    • $2,650,000
    • STATUS: Active
    • ON SITE: 32 days
    • ID#: 21-715128
    Price Reduced
    $2,650,000
    • 16
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 11,233
      SQFT
    • $236
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:

    School Ratings & Info

    Description

    We are pleased to present 623 South Grevillea Avenue, a 9-unit investment property in Inglewood, California. The property is located between Hillcrest Boulevard and Buckthorn Street. This area is a solid majority-renter market with low vacancy rates. 623 South Grevillea Avenue consists of seven 2 bedroom 2 bathroom units and two 1 bedroom 1 bathroom units. All of the units are separately metered for gas and electricity. The property also offers 12 gated and covered parking spaces. This offering presents a great opportunity for an investor to acquire an asset with steady cash flow in a strong rental market and capture potential upside in rents. *Seven 2 Bedroom and Two 1 Bedroom Units, *12 Covered and Gated Parking Spaces, *A Potential 19% Increase in NOI, *Very Walkable 88 Walk Score, *Minutes from the Sofi Stadium and LA Forum

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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/115787540
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    623 S Grevillea Ave Inglewood, CA 90301

    • Price: $2,650,000
    • Status: Active
    • ID#: 21-715128
    16
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    11,233
    SQFT
    $236
    $/SQFT
    1964
    Built
    Neighborhood:
    North Inglewood
    County:
    Los Angeles
    Area:
    North Inglewood
    Property Description
    We are pleased to present 623 South Grevillea Avenue, a 9-unit investment property in Inglewood, California. The property is located between Hillcrest Boulevard and Buckthorn Street. This area is a solid majority-renter market with low vacancy rates. 623 South Grevillea Avenue consists of seven 2 bedroom 2 bathroom units and two 1 bedroom 1 bathroom units. All of the units are separately metered for gas and electricity. The property also offers 12 gated and covered parking spaces. This offering presents a great opportunity for an investor to acquire an asset with steady cash flow in a strong rental market and capture potential upside in rents. *Seven 2 Bedroom and Two 1 Bedroom Units, *12 Covered and Gated Parking Spaces, *A Potential 19% Increase in NOI, *Very Walkable 88 Walk Score, *Minutes from the Sofi Stadium and LA Forum
    Exterior Features

    Lot Size Area 9625 Other Structures None Parking Garage GatedCovered Parking Total Parking 0

    Interior Features

    Baths Total 16.00 Cooling Central Equipment Range/Oven Heating Wall

    Property Features

    Assessed Total Value 334802 Gross Income 229800 Gross Operating Income 198014 Like Units1 2 Like Units2 7 Net Operating Income 127358.00 Number Of Buildings 2 Number Of Units 9 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 70657 Type Of Units Apartments Year Built Source Assessor Zoning Inr3yy

    Listing provided courtesy of Jonathan Weir DRE#02038545 of Marcus & Millichap.


    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