122 E Spruce Avenue
Inglewood, CA 90301
0.22 acres | #SB24138088
Description
Opportunity comes knocking...This is a multi- unit property with 4 separate dwellings including 4 car detached garage. Street to alley access. This property will attract the flipper, investor (90301 CAP rate at current rents creates value north of $1M, keep increasing the rent annually at the City's maximum amount until at market rates to create annual property value increase; or completely re-develop, like other neighbors have, into an 8-10 unit complex! Zoned R4, check with the City of Inglewood for future development opportunities. Located in the highly desirable section of N. Inglewood, close to So-Fi stadium. Property being sold in its present condition; seller will make NO repairs and NO termite clearance. Offers must include pre-approval and verification of cash to close. Seller to choose all services.
Property Details
- Lot DescriptionLevel
- Stories1
Measurements
- Acres0.221
Parking
- Parking Spaces4
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1910
Utilities / Energy Details
- Sewer InformationUnknown
- Utility SourcePublic
Community and Neighborhood Details
- CountyLos Angeles
Financial Details
- Original List Price$999,000
Other
- MLS #SB24138088
Location
Legal
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Last Updated:Â . Source: CRMLS
Listing Courtesy
Listing Agent: John Skulick (#SSKULJOH)
Listing Office: Beach City Brokers (#S6107)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
