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$ 6,375,000
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Active
3835 W 104th Street Inglewood, CA 90303
23,555 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 23,555 sqft
Price per Sqft $270
MLS Listing ID CL26674097
HOA Y/N No
Year Built 1961
Lot Size 0.696 Acres
Acres 0.6965
Property Sub-Type Other
Property Description
This 28 unit apartment community is comprised of 23,555 square feet and situated on a 30,338 square foot parcel. The unit is mix consists of 4 x Studios, 10 x One Bedroom/One Bath, 13 x Two Bedroom/One and Three-Quarter Bath, and 1 x Three Bedroom/Two Bath. Each apartment is individually metered for gas and electric. Some of the first floor apartments have patios, and the second floor apartments have balconies. The property has a central water heating system. Laundry machines are leased. ADU potential exists in the rear of the property above the carports; buyer to do their own due diligence with the city. The current debt of $4,059,115 can be assumed. The interest rate of 3.49% is fixed until May 1, 2027, yielding a healthy 8+% year one cash-on-cash return based on a 36% down payment. With 1% adjustments every six months, an investor can enjoy two years of a well below market interest rate, before refinancing into longer term debt. Inglewood is rapidly evolving, with billions of dollars of private capital invested nearby, and Inglewood Palms is located right at the center of progress and growth. Intuit Dome is located around the corner, and nearby retail amenities include The Shops at Hollywood Park, Cosm, Costco, Target, Home Depot, and In-N-Out Burger. The property has easy freeway access to I-105 and I-405 with major employment drivers. SOFI Stadium, The Forum and You Tube Theater are within a five minute drive. SoFi Stadium is representing Los Angeles at this summer's 2026 FIFA World Cup. Next year Super Bowl LXI will be played at SoFi. And in 2028, SoFi Stadium and Intuit Dome will be one of the central venues for the Los Angeles Summer Olympics cementing Inglewood's legacy as a world class sports and entertainment destination. The offering represents a value-add opportunity for an investor to capture consistent rent growth and long term appreciation due to its pivotal path of progress location.
Location
State CA
County Los Angeles
Zoning INM1L*
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Laundry Laundry Room
Building
New Construction No
Others
Tax ID 4032007023
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Listed by Robert Leveen • Robert Leveen