713 Edgewood Street Inglewood, CA 90302
ASSUMABLE $1.18M CHASE LOAN AT 4.70% INTEREST-ONLY THRU AUGUST 2027... This 8-unit apartment building is 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) 1-bed / 1-bath units and (2) 2-bed /1-bath units. The property sits on a huge lot, nearly 9, 000 square feet, and is zoned R3. The two-bedroom units have spacious balconies, and one of the one-bedrooms at the front of the building also has a large private balcony. 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 include 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, the property is being offered with a fantastic assumable Chase loan at 4.7% interest-only through August 2027, providing a 5.70% cash-on-cash. Lastly, the property offers room to build at least 3-4 ADUs in the tuck-under parking area, detached garage and attached storage areas (Buyer to verify).
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site61 Days
- MLS StatusPending
- MLS ID Number24409925
- Home Size Source N/A
- Year Built1972
- Lot Size0.2047 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Style Mid Century Modern
- Parking Carport
- Parking Spaces 8
- Number of Stories 22
- Acreage 0.2047
- Attached Garage No
- Zoning INR3*
- Listing Conditions Standard
Interior Features
- Heating Wall Furnace
- Laundry Features Community
Community Features
- Senior Community No
- MLS Area 101 - North Inglewood