Description

The property is comprised of 24 highly remodeled studio units and will be delivered vacant at close of escrow. Originally constructed in 1955, the subject was extensively remodeled beginning in 2021 with new dual pane windows, all new kitchens and bathrooms, vinyl plank flooring, new interior and exterior paint. Additional upgrades were made to the plumbing and electrical systems as needed during renovation, including all new air conditioning. The Inglewood submarket continues to redevelop at a rapid pace with several major commercial and mixed-use projects recently completed or under construction. Most notably is the $5-Billion SoFi Stadium completed in 2020 and home to the Los Angeles Chargers and Los Angeles Rams and host of the 2022 Super Bowl. Also nearby is the Hollywood Park Mixed Use development, which is slated for completion in 2024. This offering is perfect for the long term investor seeking a pride of ownership asset with low maintenance and a strong cash flow. Please download the offering memorandum and contact Jim Neil in the listing office with any questions 858.369.3083.