Property Detail

619 Myrtle

Inglewood CA 90301

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$1,575,000

Status: Active

Property Details

Description

Outstanding Inglewood Location - 6 Blocks from SoFi Stadium, The Forum & Upcoming Inglewood Transit Connector (ITC) and Less Than 1 Mile from Intuit Dome (Clippers Arena) | 6.16% Current Cap Rate & 11.07 Current GRM | 7.78% Pro-Forma Cap Rate & 9.34 Pro-Forma GRM | Completely Renovated with City of Inglewood/LAX Sound Insulation Program - Newer Windows, HVACs, Special Doors, Etc. | Upgraded Electrical Subpanels | Roof Recently "Tuned Up" | Tremendous Curb Appeal - Newly Painted Building with New Drought-Tolerant Landscaping | 2 Units are Less than 80% of Inglewood FMR | Unit Mix of (One) 2-Bedroom/1-Bathroom Unit & (Five) 1-Bedroom/1-Bathroom Units | Private Balconies | On-Site Laundry Facility - Generates Additional Annual Income | Total of 6 Parking Spaces | Centrally Located Near Hollywood Park, Youtube Theatre, Crenshaw/LAX Metro Line Station, SpaceX, Tesla & LAX Airport

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