2414 W 85th ST, Inglewood, CA 90305
2414 W 85th ST, Inglewood, CA 90305
2414 W 85th ST, Inglewood, CA 90305
2414 W 85th ST, Inglewood, CA 90305
2414 W 85th ST, Inglewood, CA 90305
2414 W 85th ST, Inglewood, CA 90305
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Scott Greenspan

Scott Greenspan

Greenspan Realty

+1(310) 936-7270
$ 1,350,000
Est. payment | /mo

5 Beds

5 Baths

3,866 SqFt

Save
$ 1,350,000
Est. payment | /mo
Save

5 Beds

5 Baths

3,866 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,866 sqft

Price per Sqft $349

MLS Listing ID 26873277

Bedrooms 5

HOA Y/N No

Year Built 1947

Lot Size 6,899 Sqft

Property Description

Wa are pleased to present the exclusive offering of 2414 W 85th St, a charming value-add apartment community located in one of Inglewood's most desirable residential neighborhoods. This asset represents a rare opportunity to acquire a well-maintained 5-unit apartment building with significant rental upside just east of SoFi Stadium and the Hollywood Park development. Originally constructed in 1947, the property consists of approximately 3,866 rentable square feet situated on a 6,902 square foot lot. The building features timeless architectural character, highlighted by its attractive brick faade, large bay windows, and charming curb appeal that distinguishes it from many competing multifamily properties in the area. Current ownership has completed numerous capital improvements throughout the property, including upgraded electrical systems, newer triple pane windows, central heating and air conditioning in every unit, individual water heaters, and compliance with California's SB 721 balcony inspection requirements. The property is individually metered for gas and electricity, minimizing owner utility expenses. The property consists of five units, including two singles, one one-bedroom unit, and two two-bedroom units. One of the two-bedroom units will be delivered vacant at the close of escrow, providing an investor with an immediate opportunity to renovate and lease the unit at market rent. Additionally, all five detached garages located off the alley will be delivered vacant at closing, offering additional income potential through garage rentals or ADU potential (Buyer to Verify). The asset currently operates at a 3.81% cap rate with substantial upside to a projected 7.18% cap rate through the implementation of market rents. Positioned in one of Southern California's most dynamic rental markets, 2414 W 85th St offers investors stable in-place income, exceptional value-add potential, and long-term appreciation in one of Inglewood's strongest residential neighborhoods.

Location

State CA

County Los Angeles

Area 101 - North Inglewood

Zoning INR3YY

Interior

Heating Central

Cooling Central Air

Flooring Carpet

Fireplaces Type Living Room

Fireplace Yes

Laundry None

Exterior

Garage Spaces 5.0

Garage Description 5.0

Pool None

Total Parking Spaces 5

Private Pool No

Building

Faces North

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4010035006

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by John Katnik BRC Advisors- BH #02002695

Nearby Locations

Greenspan Realty

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

 

Scott Greenspan

Broker Owner

+1(310) 363-0606

info@greenspanrealty.net

Rancho Palos Verdes, CA 90275, USA

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2414 W 85th ST