414 E Arbor Vitae Street, Inglewood, CA 90301

Property Description

Just four blocks from the main entrance to SoFi Stadium and enviably convenient to LAX, this beautifully maintained multi-family fourplex offers an outstanding location in Inglewood. Settled on a spacious homesite that spans nearly 7,211 square feet, the property features two single-level one-bedroom, one-bath apartments in the front. Accessed by a private driveway, the back area hosts a two-story building with a two-bedroom, one-bath apartment complete with a balcony located over a three-car garage. The lower level is home to vacant one-bedroom, one-bath apartment with white stone fireplace, a laundry room, and a covered and enclosed patio measuring 11' by 26'. Depending on the unit, upgrades include upgraded plank and tile flooring, designer paint, mirrored wardrobe doors, upgraded bathrooms with custom tile, and remodeled kitchens that showcase Shaker cabinetry and stainless steel appliances. All four apartments offer a combined total of approximately 2,452 square feet. Each residence has its own gas and electric meters, and the property proudly displays mature and manicured landscaping that includes an inviting front lawn. Enjoy an annual 5% rental increase, plus CPI (not to exceed 10%), providing a great opportunity to increase rents year over year. Conveniently located near a city park, schools, retail shopping centers, hospitals and the new Kia Forum.