530 Venice Way, Inglewood, CA 90302
- $3,230,000
- 25
- BD
- 14
- BA
- 10,487
- SqFt
- Sold Price
- $3,230,000
- List Price
- $3,300,000
- Closing Date
- Jan 03, 2025
- Status
- CLOSED
- MLS#
- 24424373
- Year Built
- 1959
- Bedrooms
- 25
- Bathrooms
- 14
- Living Sq. Ft
- 10,487
- Lot Size
- 15,143
- Acres
- 0.35
- Lot Location
- Flag Lot, Irregular Lot
- Days on Market
- 22
- Property Type
- Multifamily
- Style
- Mid-Century Modern
- Stories
- Multi Level
Property Description
The subject property was built in 1959 and consists of (2) Studio / 1 Bath, (11) 2 Bed / 1 Bath, and (1) 3 Bed / 2 Bath. This is an excellent cash flow opportunity listed at a 7.19% cap rate and 9.68 grm while still offering upside potential. The building is spread out over 10,487 square feet of gross leasable area and sits on a large 15,138 square foot lot that is zoned INR3YY. The property is very well located in northwest Inglewood, just a short distance to Sofi Stadium, the Intuit Dome, and the Hollywood Park Casino development. The Fox Hills mall is located just to the north providing tenants in this area with plenty of shops, dining, and entertainment.
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Additional Information
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- View
- City Lights
- Exterior Construction
- Stucco
- Roof
- Composition, Shingle
- Attached Structure
- Detached
- Number Of Units Total
- 14
Listing courtesy of Listing Agent: William James (will@lyonstahl.com) from Listing Office: Lyon Stahl Investment Real Estate, Inc..
Listing sold by Cameron Samimi from Lyon Stahl Investment Real Estate, Inc.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.