DO NOT SPEAK TO TENANTS OR MANAGER / NO PREVIEWS OR OPEN HOUSES / HANDLE WITH CARE, PROFESSIONALISM, and BE DISCREET!!!This is one of the most sought after real estate investment opportunities in the non-rent control South Bay community of Inglewood / 20 adjacent 4-plex apartment homes each on their own separate 7,200+ sq. ft. parcel zoned R3 / A total of 80 units / 144,956 sq. ft. combined lot or 3.3 acres zoned R3 / All 2 bedroom, 1 bathroom units at approximately 950 sq. ft. / Approximately 45% or more upside in rental income / First time on the market in over 40 years / Located in one of the fastest growing real estate markets / Just blocks away from the Forum, the Hollywood Park Redevelopment and NFL Stadium / New roofs, carport and garage parking, patios, and laundry
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North Inglewood (101)
Listing provided courtesy of
, Marcus & Millichap
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The future home of the L.A. Rams, Inglewood is a neighborhood on the rise. Conveniently located near the Los Angeles International Airport, Inglewood delivers excellent opportunities for both investors and residents. The City of Champions is one of the most buzzed-about areas of Los Angeles.
Real Estate: Inglewood offers a wide variety of homes for sale from gated communities such as Renaissance Homes to historic family homes as well as townhouses and apartments. Inglewood also provides investment opportunities with many smaller apartment buildings in the area.
Community Life: Known for its churches and close-knit community, Inglewood also has a public art program that requires developers of certain types of facilities to commission on-site artwork and also has an ordinance to facilitate the placement of pubic art in public buildings. The city website includes links to a downloadable art map. The city was the home to the Hollywood Park racetrack until 2013 and will be home to the temporarily named City of Champions stadium, which is set to open in 2019. The City of Inglewood has 10 parks including two recreational centers.
Education: Inglewood is served by the Inglewood Unified School District including Oak Street Elementary, Payne Elementary, Kelso Elementary, Crozier Middle School, Monroe Middle School, Inglewood High School, Morningside High School, and an alternative high school, City Honors High School. The city is also home to two charter high schools and several private schools.
Transportation: Reached by both the 405 and 105 Freeways, Inglewood is served by the LA Metro system including the 210, 211, and 607 bus routes.
Local Attractions: Inglewood is home to The Forum, an entertainment venue that is the former home of both the L.A. Lakers and L.A. Kings. It was recently refurbished into a luxury complex and attracts top talent. Seen in movies and television shows, Randy’s Donuts, a small donut shot crowned by a giant donut is an eye-catching sight.
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