614 Myrtle Avenue, Inglewood, CA 90301

$1,875,000
16
BD
9
BA
6,538
SqFt
List Price
$1,875,000
Price Change
▼ $100,000 1561424793
MLS#
19458000
Bedrooms
16
Bathrooms
9
Living Sq. Ft
6,538
Lot Size
9,487
Property Type
Multifamily
Status
Active

Property Description

On the market for the first time in over 25 years this is property is located in a quiet, residential pocket just a few short blocks due west of the new NFL stadium and also walking distance to La Brea, Market St. and downtown Inglewood. Super spacious units with long terms tenants and well below market rents provide a new owner surety of collected rents with lots of upside potential. Built originally as a SFR, it was expanded make the property into a 4-bdrm+2-ba, 1,617sqft owner's unit with 5 units attached in 1986 that include a 3+2, 2+1.5 and 3-2+1 units. 12 onsite parking and a small laundry room for tenants convenience. Professionally managed and maintained for years this building is a feather in the cap of the local investor looking to capitalize on the future of the City of Champions. This property is a legal 6-unit that has rented as 7 for over 30 years.

Additional Information

Units
7
Net Operating Income
$81,070
Total Parking Spaces
12
Year Built
1957
View
Parking
Assigned, Tandem
Appliances
None
Heat
Wall Gas
Cooling
None

Mortgage Calculator

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Calculator source: Real Geeks

Courtesy of Goldcoast Commercial Group, Christopher Marsocci.

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