CA > Inglewood
Inglewood, CA 90302,713 Edgewood ST
Inglewood, CA 90302,713 Edgewood ST
Inglewood, CA 90302,713 Edgewood ST
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Diego Magdaleno

Diego Magdaleno

+1(714) 681-1222
$2,345,000
Est. payment /mo
10 Beds
8 Baths
6,220 SqFt
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UPDATED:

10/01/2024 10:03 PM

Key Details

Property Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 6,220 sqft

Price per Sqft $377

MLS Listing ID 24409925

Bedrooms 10

HOA Y/N No

Year Built 1972

Lot Size 8,916 Sqft

Acres 0.2047

Property Description

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).

Location

State CA

County Los Angeles

Area 101 - North Inglewood

Zoning INR3*

Rooms

Ensuite Laundry Common Area

Interior

Laundry Location Common Area

Heating Wall Furnace

Fireplace No

Laundry Common Area

Exterior

Garage Carport

Parking Type Carport

Attached Garage No

Total Parking Spaces 8

Building

Story 2

Entry Level Two

Architectural Style Mid-Century Modern

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4016011001

Special Listing Condition Standard

Read Less Info
California Regional MLS (CRMLS)
Listed by Jake Glaser • Lyon Stahl Investment Real Estate, Inc.
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