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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.

Features
: Wall Furnace
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Additional Information
CBRE, Inc.
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CLW-C128981
CLW-X7429503
Brice
4024015026
: Standard
Two
32

Multi-Family For Sale

940 Larch Street, Inglewood, California 90301

12,665 Sqft
$5,199,000
Listing ID #24379261
Basic Details
Status : Active
DaysOnMarket : 8
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 24379261
Price : $5,199,000
Living Area : 12,665 Sqft
Lot Size : 18,389 Sqft
Year Built : 1959
Country : US
State : California
County : Los Angeles
City : Inglewood
Zipcode : 90301
Price Per Square Foot : $411
ModificationTimestamp : 2024-04-16 06:36:23
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