712 W Beach Avenue Inglewood, CA $ 1,900,000
712 W Beach Avenue
$ 1,900,000
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712 W Beach Avenue

Inglewood, CA, 90302
$ 1,900,000
Bedrooms13 Baths7.0 Sq 5,891

Monthly Estimate*

$ 13,272

Listed by Keller Williams Beverly Hills
712 W Beach Avenue, Inglewood, CA 90302 - Image 1
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712 W Beach Avenue, Inglewood, CA 90302 - Image 12
712 W Beach Avenue, Inglewood, CA 90302 - Image 13
712 W Beach Avenue, Inglewood, CA 90302 - Image 14

Multi-Family Home for sale in Inglewood, CA

for $1,900,000 with 13 bedrooms and 7 full baths. This 5,891 square foot home was built in 1960 on a lot size of 0.1815.

INVEST IN INGLEWOOD'S RENAISSANCE! We are pleased to present this 6-unit apartment building near the KIA Forum, SoFi Stadium, YouTube Theater, Hollywood Park, and the soon-to-be-completed Intuit Dome. Located in Inglewood's Art District, this property presents an excellent investment opportunity for new and experienced real estate investors and exchange buyers alike. Its convenient location in the heart of Inglewood's growth puts it in high demand, offering the potential for steadily increasing rental income and future appreciation. The building features a mix of one 3+2 unit and five 2+1 units, maximizing rental income. The property is well-maintained, with nearly 50% of the units being partially or fully renovated, and attracts a diverse tenant base and caters to a wide range of tenant preferences. Well-qualified buyers can take advantage of favorable financing terms with an assumable loan (approximate balance of $1.115M, fixed at 4.01% until January 2027), subject to lender fees and approval. Unit #4 is currently vacant, with a conservatively projected rent of $2,100 per month included in the provided rent roll. This represents an immediate opportunity to increase the property's cash flow upon acquisition. Annual parking income is $4,500 for 6+ spaces. Don't miss out on this exceptional investment opportunity in Inglewood's thriving market.

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Multi-Family Pending

Price

$ 1,900,000

Bedrooms

13

Full Bath

7

Property Type

Multi-Family

Taxes

$ 0

Style

Contemporary

Lot Size

0.1815

Year Built

1960

Town/City

Inglewood

County/Region

Los Angeles

MLS | Web ID

24374545

Days on Market

22

Features
General
Interior Features CeilingFans
Heating WallFurnace
Cooling None
Appliances Refrigerator
Zoning INR3YY
Architectural Style Contemporary
Pool Features None
Year Built 1960
View None
Stories 2
Levels Two
Gross Income 150317.0
County Los Angeles
Net Operating Income 97700.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Pending
Buyer Financing Assumed Cash
Directions South on Beach Ave. from Centinela Ave. North of Florence South of Centinela East of La Cienega West of La Brea
City Inglewood
Disclosures CityInspectionRequired FamilialRelation RentControl
View Y/N N
Senior Community Y/N N
Total Units 6
MLS Area 101 - North Inglewood
Lot Size Square Feet 7907.0
Private Pool N
Waterfront Y/N N
Carport Y/N Y
Street Name Beach
Spa Features None
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Property Condition UpdatedRemodeled
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N Y
Days on Market 3
Standard Status Pending
Cap Rate 5.14
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Exterior
Parking Features Assigned DetachedCarport Driveway Uncovered
Total Parking 6.0
Lot Size Area 7907.0
Number of Buildings 1
Spa N
Building Area Total 5891.0
Lot Size Acres 0.1815
Lot Size Units SquareFeet
Lot Size Source Other
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 2
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Full Baths 0
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Street Suffix Avenue
Total Bedrooms 13
Electric On Property Y/N N
Total Baths 7
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Internal Only
Street Number 1 712
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* Excluded Features
List By
Keller Williams Beverly Hills

Broker

(310) 948-2629

Phone

Affordability Calculator

$13,272
Per Month
100%
0%
0%
Monthly Principal & Interest
$13,272
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/9/2024$1,900,000 Listed Price

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712 W Beach Avenue, Inglewood, CA, 90302 is a Multi-Family Home for sale at $1,900,000 with 5,891 sqft and a lot size of 0.1815. 712 W Beach Avenue has 13 bedrooms, 7.0 baths, and was built in 1960. The property's zip code is 90302 which is in Inglewood, CA