315 W Queen St, Inglewood, CA 90301
- $1,125,000
- 6
- BD
- 4
- BA
- 2,666
- SqFt
- List Price
- $1,125,000
- MLS#
- 26849765
- Status
- PENDING
- Type
- Multifamily
- Bedrooms
- 6
- Bathrooms
- 4
- Living Area
- 2,666
Property Description
We are pleased to present 315 W. Queen Street, a four-unit multifamily investment opportunity in the heart of Inglewood. This well-positioned property offers 2,666 SF of living space on a massive 11,548 SF lot, providing rare scale and significant long-term upside in one of Southern California's fastest-growing cities.The building features a desirable unit mix of two 2-bed / 1-bath units and two 1-bed / 1-bath units. The property is fully occupied, generating $7,776 per month in gross income and priced at a 6.0% cap rate, delivering stable, in-place cash flow from day one. The exceptionally large lot also offers compelling potential for additional development, including ADUs, to further enhance income and value. Located in the epicenter of Inglewood's transformation, the property sits minutes from SoFi Stadium, the Intuit Dome, the Kia Forum, and the forthcoming Inglewood Transit Connector, with LAX and major employment hubs close by. As the city continues to attract billions in investment and prepares to host marquee global events, this is a prime opportunity to acquire a high-quality, value-add asset in a market on the rise.
Additional Information
- Year Built
- 1940
- Garage
- Garage
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Courtesy of Keller Williams Hollywood Hills, Davis Saadian.
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