$2,525,000
$2,650,000
4.7%For more information regarding the value of a property, please contact us for a free consultation.
8,086 SqFt
SOLD DATE : 10/30/2023
Key Details
Sold Price $2,525,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 8,086 sqft
Price per Sqft $312
MLS Listing ID SB23166237
Sold Date 10/30/23
HOA Y/N No
Year Built 1988
Lot Size 8,969 Sqft
Acres 0.2059
Property Description
We are pleased to present 917 Kenwood Street, Inglewood, a tremendous value-add opportunity.
This 8-unit investment is nestled in a prime residential neighborhood within the trending community of Inglewood. All the units are spacious 2-bedroom / 1 bath, (+/- 1,010 square feet). The in-place rent rates average $1,860 monthly / $1.84 per sq.ft. With approximately 35% in rental upside, there is ample room to increase revenue in line with the growing demand of Inglewood's thriving rental market.
Recent improvements include brand-new A/C systems, upgraded electrical systems and double-pane windows, ensuring energy efficiency and tenant comfort. The building features an on-site laundry facility (operating on a month-to-month contract), gated entries, and ample parking - two parking spaces per unit. Each unit is equipped with a separate gas and electric meter. The ideal location is near to an array of shops, dining, major entertainment, recreation options, transportation, and employment.
Whether you're a seasoned investor looking to expand your portfolio or seeking to enter the market, this 8-unit investment offers a blend of upgrades, strategic location, and the ability to increase rental income. A perfect combination of stability and growth potential.
Location
State CA
County Los Angeles
Area 102 - South Inglewood
Zoning INR3YY
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Heating Central
Cooling Central Air
Flooring Carpet, Laminate, Tile
Fireplaces Type None
Fireplace No
Appliance Disposal, Gas Range, Gas Water Heater, Range Hood
Laundry Common Area
Exterior
Exterior Feature Lighting
Garage Assigned, Controlled Entrance, On Site
Garage Spaces 16.0
Garage Description 16.0
Pool None
Community Features Curbs, Gutter(s), Storm Drain(s), Street Lights, Suburban, Sidewalks, Gated, Park
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N No
View None
Roof Type Shingle
Parking Type Assigned, Controlled Entrance, On Site
Total Parking Spaces 16
Private Pool No
Building
Lot Description Front Yard, Sprinklers In Front, Near Park
Story 3
Entry Level One
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 4023003032
Security Features Carbon Monoxide Detector(s),Gated Community,Smoke Detector(s)
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with Mona Flaum • Pinnacle Estate Properties, Inc.
"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