826 N MARKET STREET, INGLEWOOD, CA 90302

  • 7,300 sqft
  • Lot Size: 12,509 sqft
  • Built in 1955
  • MLS #SB22059901
For Sale $3,100,000

Description

826 N Market St is a stunning asset and perfect fit for any investor looking to capitalize on the Inglewood market. Beautifully renovated 10 unit building located in the nicest and most desirable pocket of Inglewood. Meticulous remodels include new appliances, fixtures, cabinets, countertops, flooring and bathrooms. This trophy asset would be the perfect opportunity for any investor looking for a low maintenance asset in a rapidly appreciating neighborhood. The subject property has a unit mix consisting of (4) 2Bed/1Bath and (6) 1Bed/1Bath units with the opportunity to build (2) 2Bed/1Bath ADUs in the rear. Once built out, the new owner would collect an extra $4,100 gross per month. We have bids and a feasibility study completed costing around $300k to complete the project. Once the property is stabilized, it would operate at a 8.27 % CAP and 9.34 GRM. You can find the feasibility study and proposal in the offering memorandum. With close proximity to multi-billion-dollar projects including the brand new NFL SoFi Stadium, Intuit Dome NBA Arena and Hollywood Park Development, 826 N Market St supports high rental income with even better upside and will appreciate greatly due to location.

FACTS / FEATURES

  • Built in 1955
  • Lot Size: 12,509 sqft
  • Parking: 5 spaces total

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Listing Provided by Cameron Samimi, Lyon Stahl Investment Real Estate, Inc.
Based on information from California Regional Multiple Listing Service, Inc. as of June 26, 2022. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.