7927-8001 S Van Ness Avenue

    Inglewood, CA 90305
    • $950,000
    • STATUS: Active
    • ON SITE: 84 days
    • ID#: SB18203792
    UPDATED: 54 min ago
    $950,000
    • 0
      BEDS
    • 0.29
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,496
      SQFT
    • $272
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1947
    County:

    School Ratings & Info

    Description

    Lyon | Stahl is pleased to present 7927-8001 Van Ness Ave., a 12,481 sq.ft lot located in the rapidly appreciating city of Inglewood. The property is equipped with (2) 1-bed/1-bath units and Fish Market as the third unit. This property is in prime location, only minutes from the city+GGs new Los Angeles Stadium and Entertainment District, the Hollywood Park Casino, and the Arts District of Inglewood. A great income asset already, this value add property has 43% upside in rents, and all leases are month to month. Market 7.90% CAP, 9.82 GRM!! Zoning for the property is INC2YY. The city of Inglewood has also been working with developers to make land acquisitions more suitable and possible, and easing a majority of their restrictions. 7927-8001 Van Ness is a fantastic play for any multi family owner or developer looking to obtain property in the rapidly growing city of Inglewood.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-14T20:39:09.213. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/86756505

    7927-8001 S Van Ness Avenue Inglewood, CA 90305

    • Price: $950,000
    • Status: Active
    • Updated: 54 min ago
    • ID#: SB18203792
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.29
    Acres
    3,496
    SQFT
    $272
    $/SQFT
    1947
    Built
    Neighborhood:
    102 - South Inglewood
    County:
    Los Angeles
    Area:
    102 - South Inglewood
    Property Description
    Lyon | Stahl is pleased to present 7927-8001 Van Ness Ave., a 12,481 sq.ft lot located in the rapidly appreciating city of Inglewood. The property is equipped with (2) 1-bed/1-bath units and Fish Market as the third unit. This property is in prime location, only minutes from the city+GGs new Los Angeles Stadium and Entertainment District, the Hollywood Park Casino, and the Arts District of Inglewood. A great income asset already, this value add property has 43% upside in rents, and all leases are month to month. Market 7.90% CAP, 9.82 GRM!! Zoning for the property is INC2YY. The city of Inglewood has also been working with developers to make land acquisitions more suitable and possible, and easing a majority of their restrictions. 7927-8001 Van Ness is a fantastic play for any multi family owner or developer looking to obtain property in the rapidly growing city of Inglewood.
    Exterior Features

    Garage Spaces 2.00 Lot Features 0-1 Unit/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 2.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Laundry Features Community Levels One

    Property Features

    Additional Parcels Description 4010-026-007 Additional Parcels YN Yes Building Area Units Square Feet Community Features SidewalksStreet Lighting Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 59400.00 Gross Scheduled Income 59400.00 Insurance Expense 0.00 Land Lease YN No Laundry YN Yes Net Operating Income 36167.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 3 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Operating Expense 21451.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 21451.00 Trash Expense 0.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor Zoning Inc2yy

    Listing provided courtesy of Cameron Samimi of Lyon Stahl Investment Real Estate, Inc..


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-14T20:39:09.213. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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