10235 S 10th Avenue, Inglewood, CA 90303

Property Description

We are Pleased to Present 10235 & 10239 S.10th Ave in Prime Inglewood Village. This 12-Unit Valuable Asset is Perfectly Situated within 1.4 miles of Hollywood Park, a Mixed-Use Complex with Various Fun Attractions, including SoFi Stadium, YouTube Theater plus numerous Retail and Dining Options. This Gated Community consists of two Adjacent Parcels (APN# 4030-007-042 & APN# 4030-007-041), two 6 unit 1956 Built Structures, Totaling 12 units on a 13,817 Square Feet lot with Alley Access. Each Building Offers two 2+1 (approx. 920sf each) & four 1+1 (approx. 650 sf) Apartments. 10235 S. 10th Ave has 1 Vacancy (Unit #2), providing the New owner an Opportunity to Secure Market Rent at $1,850/Mo, reflected in the Projected Rents. Gross Income is inclusive of approx. $290/mo Income from Laundry. The Majority of Units have been Tastefully Updated with Modernized Bathrooms & Kitchens. All units have Individual Water Heaters. Each unit is Individually Metered for Gas & Electric (2023). Newer Laminate Flooring ,except one with Tile floors. New Windows, New Doors, New AC/Ductwork, New Meters, New Outlets per Code through the LAX Soundproofing Project Grant. 6 Single, Gated Parking Stalls per Building,12 in total, and a Community Coin-operated Washer/Dryer for Tenant Convenience. Potential to add two ADU's, Buyer to verify with Building & Zoning Authorities. Per City of Inglewood's Rent Control Ordinance, Annual Rental Increase Allowable is 3% or the cost of inflation (whichever is greater), as measured by the Consumer Price Index (CPI), Buyer to do their own Due Diligence. Shown with Accepted Offer Only. Please do not Disturb Tenants.