713 Edgewood St, Inglewood, CA 90302
- $2,050,000
- 10
- BD
- 8
- BA
- 6,220
- SqFt
- Sold Price
- $2,050,000
- List Price
- $2,200,000
- Closing Date
- Aug 05, 2022
- MLS#
- 22-156261
- Status
- SOLD
- Type
- Multifamily
- Bedrooms
- 10
- Bathrooms
- 8
- Living Area
- 6,220
Property Description
Matthews is pleased to present 713 Edgewood Street, an 8-unit apartment building located in prime Inglewood, one of the hottest up-and-coming markets in Los Angeles. The property was built in 1972 and is comprised of (6) one bed, one bath units and (2) two bed, one bath units. The property sits on a huge lot, nearly 9,000 square feet, and is zoned R3. Both of the two-bedroom units have spacious balconies. Additionally, Unit #1 has a balcony and Unit #5 has a large private patio. Significant capital improvements have gone into the building, including new mainline sewer pipes, updated electrical components, and extensive interior renovations in 4 out of the 8 units. These tasteful renovations included new flooring, new kitchen/bathroom cabinets & fixtures, new stainless-steel appliances, bathroom tiling, recessed lighting, as well as new blinds and fans. The property also features 8 parking spaces and a community laundry area for additional income. Additionally, all tenants are up-to-date on rent at this time. Located just 2.5 miles from massive developments like the new SoFi Stadium and Intuit Dome NBA Arena, 713 Edgewood offers investors a rare opportunity to acquire a value-add multifamily asset in one of the most opportunistic pockets of LA.
Additional Information
- Year Built
- 1972
- Garage
- Covered Parking
Mortgage Calculator
Courtesy of Matthews Real Estate Investment Services, Daniel Withers. Selling Office: .
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