103 E Tamarack Avenue, Inglewood, CA 90301
- $645,000
- Sold Price
- $645,000
- List Price
- $674,000
- Closing Date
- Sep 13, 2024
- Status
- CLOSED
- MLS#
- SB24065702
- Year Built
- 1927
- Lot Size
- 7,684
- Acres
- 0.18
- Lot Location
- 2-5 Units/Acre, Irregular Lot, Landscaped, Level, Street Level
- Days on Market
- 105
- Property Type
- Multifamily
- Style
- Bungalow
- Property Sub Type
- Duplex
- Stories
- One Level
Property Description
Exceptional Investment Opportunity!! Whether you're seeking to expand your real estate portfolio or capitalize on the thriving rental market near SOFI Stadium, this duplex offers an unparalleled opportunity. The combination of location, current income, future income potential, and future development possibilities make it a lucrative investment for savvy investors. This property consists of two distinct homes, ideal for accommodating multiple tenants or generating dual rental income. The first unit features a cozy 1 bedroom and 1 bathroom layout, while the second unit offers a more spacious 2 bedroom and 1 bathroom configuration. Each unit has it’s own outdoor laundry hook up areas. Situated on a large 7,684 square foot lot, this property provides ample space for potential expansion or outdoor amenities. Zoned INCSYY, this may provide other development/business future opportunities in addition to it’s current multifamily income use. The alley access enhances convenience for residents and offers additional parking options. Both units are currently rented, providing immediate income for investors. The stable rental history and proximity to SOFI Stadium, The Forum and future home of Clippers Arena ensure strong demand for tenants seeking a convenient and vibrant lifestyle.
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Additional Information
- Other Buildings
- Shed(s)
- Appliances
- Disposal, Gas Range, Gas Water Heater
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling Description
- None
- View
- None
- Exterior Construction
- Copper Plumbing
- Roof
- Composition
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 2
- Gross Scheduled Income
- $45,600
- Operating Expense
- 5376
Listing courtesy of Listing Agent: Lee Knickerbocker (leeknickrealestate@gmail.com) from Listing Office: Re/Max Estate Properties.
Listing sold by Amber Walker from Compass Long Beach
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.