701 S Grevillea Avenue, Inglewood, CA 90301
- $1,500,000
- Sold Price
- $1,500,000
- List Price
- $1,650,000
- Closing Date
- Nov 22, 2024
- Status
- CLOSED
- MLS#
- OC24128681
- Year Built
- 1963
- Lot Size
- 9,592
- Acres
- 0.22
- Lot Location
- Front Yard, Lawn, Landscaped, Level, Rectangular Lot, Street Level
- Days on Market
- 80
- Property Type
- Multifamily
- Style
- Bungalow
- Property Sub Type
- Apartment
- Stories
- Two Levels
Property Description
A Fantastic Investment Opportunity to own a 2 story, 7 unit apartment complex with a great unit mix consisting of (1) 3 bedrooms-3 baths, (2) 2 bedrooms-2 baths, and (4) 1 bedroom-1 bath units. This apartment building is centrally located near the LAX airport, Sofi Stadium, West Los Angeles, the South Bay and local beaches. The building is well laid out and also features 11 carport parking spaces that are larger than normal. The complex also generates additional income from an onsite laundry room and rented parking spaces. This property offers a huge upside in rents. Property is being sold “as is” and with no warranties or guarantees. Please do not disturb tenants. Property will only be shown with an accepted offer.
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Additional Information
- Appliances
- Dishwasher, Electric Oven, Electric Range, Water Heater
- Pool Description
- None
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air
- View
- None
- Exterior Construction
- Block, Drywall, Stone, Stucco, Wood Siding
- Roof
- Composition
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Storage
- Attached Structure
- Attached
- Number Of Units Total
- 7
- Gross Scheduled Income
- $106,680
- Operating Expense
- 47160
Listing courtesy of Listing Agent: Giovanni Mejia (fgmejiajr@gmail.com) from Listing Office: First Team Real Estate.
Listing sold by Michael Padilla 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.