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    228 Stepney Street

    Inglewood, CA 90302
    • $2,950,000
    • STATUS: Active
    • ON SITE: 6 days
    • MLS #: 21679538
    New On Site 6 Days Ago
    UPDATED: 41 min ago
    $2,950,000
    • 0
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,464
      SQFT
    • $456
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1962
    County:

    School Ratings & Info

    Description

    9-unit building + 4 ADUs in prime Northwest Inglewood area priced at only 230/door. Incredible Current Cap Rate of 6% and GRM of 12.3 GRM with upside to 7.4% Cap and 10.3 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. Potential of splitting the larger interior units to 2 attached ADUs and converting a portion of the garages to 2 detached ADUs.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-19T13:29:20.287. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.

    www.desertareahomesforsale.com/homes/113218823
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    228 Stepney Street Inglewood, CA 90302

    • Price: $2,950,000
    • Status: Active
    • Updated: 41 min ago
    • MLS #: 21679538
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    6,464
    SQFT
    $456
    $/SQFT
    1962
    Built
    Neighborhood:
    101 - North Inglewood
    County:
    Los Angeles
    Area:
    101 - North Inglewood
    Property Description
    9-unit building + 4 ADUs in prime Northwest Inglewood area priced at only 230/door. Incredible Current Cap Rate of 6% and GRM of 12.3 GRM with upside to 7.4% Cap and 10.3 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. Potential of splitting the larger interior units to 2 attached ADUs and converting a portion of the garages to 2 detached ADUs.
    Exterior Features

    Lot Size Dimensions 50X200 Lot Size Units Square Feet Parking Features CarportDetached Carport Parking YN Yes

    Interior Features

    Cooling None Cooling YN No

    Property Features

    Country Us Gross Income 240439.00 Gross Multiplier 12.30 Gross Operating Income 240439.00 Net Operating Income 173817.00 Senior Community YN No Special Listing Conditions Standard Total Expenses 59409.00 Vacancy Allowance Rate 30.00 Zoning Inr3yy

    Listing provided courtesy of Armin Soleimani of Global Platinum Properties, Inc. and Julio Ruiz of Global Platinum Properties, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-19T13:29:20.287. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.

     
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