Contacts
Drew McAllister
NRE Commercial | CRE Advisors
(925) 683-9203
Jarred Wilkins
(562) 528-8119
Property Details
- Property Type Other
- Units 9
- Year Built 1954
- Date Updated Apr 26, 2024
- Website 809floradr.sharplaunch.com
Unique value add opportunity to purchase an incredibly well-maintained asset with true upside potential being offered for sale for the f irst time in nearly 30 years! Pride of ownership nine-unit complex located in Northwest Inglewood only blocks f rom Ladera Heights and walking distance to Amazon Fresh, Chipotle and Starbucks. Property is comprised of (1) 3BD/2.5BA, (1) 2BD/1BA, (7) 1BD/1BA units, an on-site laundry facility, nine on-site parking spaces and a common area pool for tenants to enjoy.
Current ownership has meticulously maintained the property over the years renovating eight out of nine units between 2009 and 2021 as they turned over, but rents remain approximately 40% below market even after the most recent rent increases in 2022. Some exterior improvements f rom 2013 – 2022 include pool resurfacing, pool drainage to code, pool deck resurfacing, roof replacement in 2014/19, new handrails & entry gate, common washer/dryer replacement, deck/walkway resurfacing, concrete leveling, LED lighting in the carport area and new exterior paint.
In January 2025, the city’s rental increase limits will be aligned with the State of CA at 5% plus CPI, allowing a new owner the ability to bring rents up to market more quickly
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Getting around
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Location
- City Inglewood, CA
- Neighborhood Westchester
- Zip Code 90302
- Market Los Angeles
Points of Interest
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Hawthorne/Lennox
2.89 miles
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Aviation/LAX
2.93 miles
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Mariposa
3.47 miles
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La Cienega/Jefferson
3.78 miles
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Expo/La Brea
3.80 miles
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Farmdale
3.91 miles
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El Segundo
3.93 miles
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Culver City
4.00 miles
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Expo/Crenshaw
4.12 miles
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Crenshaw
4.15 miles
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Chevron
0.35 miles
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Mobil
0.41 miles
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Mobil
0.60 miles
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76
0.72 miles
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Shell
0.73 miles
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Arco
0.86 miles
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76
0.87 miles
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Chevron
0.92 miles
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Chevron
1.28 miles
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Mobil
1.33 miles
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LAX Employee Parking Lot East
1.45 miles
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LAX Employee Parking Lot West
1.61 miles
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Wally Park
1.68 miles
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Four Points
1.78 miles
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LAX Economy Parking
1.80 miles
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The Parking Spot
1.81 miles
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Parking Spot Sepulveda
1.89 miles
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LAX Employee Parking Lot South
1.90 miles
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Prairie Lot / The Forum
1.91 miles
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Visitor Parking
1.97 miles
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guest home2
0.84 miles
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Holiday Inn Express
1.13 miles
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Courtyard by Marriott
1.35 miles
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Extended Stay America
1.43 miles
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Four Points
1.45 miles
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Super 8
1.56 miles
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Hilton Los Angeles Culver City
1.57 miles
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Renaissance Hotel
1.72 miles
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home
1.74 miles
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Holiday Inn Los Angeles - LAX Airport, an IHG Hotel
1.77 miles
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Amazon Fresh
0.29 miles
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99 Cent Store
0.31 miles
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Smart & Final
0.48 miles
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Ross
0.49 miles
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Ralphs
0.50 miles
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Ralphs
0.91 miles
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Howard Hughes Center
1.24 miles
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JCPenney
1.52 miles
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Vons
1.54 miles
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Target
1.57 miles
In-Depth Research Available for this Property
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