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$ 850,000
Est. payment | /mo
1 Bed
5 Baths
3,999 SqFt
$ 850,000
Est. payment | /mo
1 Bed
5 Baths
3,999 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,999 sqft
Price per Sqft $212
MLS Listing ID 25584161
Bedrooms 1
HOA Y/N No
Year Built 1940
Lot Size 5,005 Sqft
Property Description
We are pleased to present this mixed-use property on the market for the first time in over 50 years. It is located in the City of Inglewood just east of Downtown and north of the Sports and Entertainment district. The property consists of 2 buildings on two separate parcels. 2501 is comprised of two commercial spaces on the ground floor consisting of approximately 500sf each. On the second floor is a large, one bedroom apartment containing approximately 855sf. That entire building is leased up but the rents are currently below market. 2505 consists of two commercial spaces. There is a beauty shop on the ground floor with a little over 1,000sf and a larger 1,127sf office above, which is currently unoccupied. The apartment is rented at $1,600 which is about 15% below market rate for the area. The commercial spaces are well below market offering significant upside to an investor. With the liberal rent control policies in Inglewood, a new investor would be able to capture the upside with some capital improvements and an aggressive marketing campaign.
Location
State CA
County Los Angeles
Area 101 - North Inglewood
Zoning INC2YY
Interior
Heating Wall Furnace
Fireplace No
Appliance Refrigerator
Exterior
Parking Features Uncovered
View Y/N No
View None
Total Parking Spaces 5
Building
Faces South
Story 2
Entry Level Two
Architectural Style Mid-Century Modern
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4010034008
Special Listing Condition Standard
Listed by Jerome McAlpin McAlpin & Company
“My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”