940 Larch St, Inglewood, CA 90301
- $5,199,000
- 23
- BD
- 18
- BA
- 12,665
- SqFt
- List Price
- $5,199,000
- MLS#
- 24-379261
- Status
- ACTIVE
- Type
- Multifamily
- Bedrooms
- 23
- Bathrooms
- 18
- Living Area
- 12,665
Property Description
A value-add, 18 unit investment in a location 'on the come'.... in the shadow SoFi Stadium, America's highest grossing concert venue in 2023. Grossing $175MM and also employing 2,600 event day employees. SoFi is next door to the West Coast Headquarters of the NFL - 1,000 local employees and $20B in 2023 revenue. Next to that, the YouTube Theater - and The Forum, 5 minutes to the North and the new, $2B Intuit Dome, 5 minutes to the South. Lastly, the subject property is a block from Centinela Hospital, with 1,332 employees. Forgot to mention, the 57,000 badge holders at LAX, nearby, as well. The building has a secured-access, renovated lobby, leading to a landscaped courtyard. In addition, there are newer windows throughout. Secured-access, carport parking, in rear. Thirteen 1s, Five 2s, 13K sq. ft. on a massive, 18K+ footprint. 5% cap from the jump. The building is a 'No Brainer' operationally and affords you a path toward a 6.5% market cap rate. EXCLUSIVELY LISTED AT $5,199,000.
Additional Information
- Year Built
- 1959
- Garage
- Carport
Mortgage Calculator
Courtesy of CBRE, Inc., Brice Head.
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