940 Larch Street, Inglewood, CA 90301

  • $5,199,000
  • $411
940 Larch Street, Inglewood, CA 90301
  • Residential Income
  • Property Type
  • 23
  • Bedrooms
  • 18
  • Bathrooms
  • 12665.00
  • 1959
  • Year Built
For Sale
940 Larch Street, Inglewood, CA 90301
  • $5,199,000
  • $411

Overview

Property ID: SGR-29265396
  • Residential Income
  • Property Type
  • 23
  • Bedrooms
  • 18
  • Bathrooms
  • 12665.00
  • 1959
  • Year Built

Description

A value-add, 18 unit investment in a location ‘on the come’…. in the shadow SoFi Stadium, America’s highest grossing concert venue in 2023. Grossing $175MM and also employing 2,600 event day employees. SoFi is next door to the West Coast Headquarters of the NFL – 1,000 local employees and $20B in 2023 revenue. Next to that, the YouTube Theater – and The Forum, 5 minutes to the North and the new, $2B Intuit Dome, 5 minutes to the South. Lastly, the subject property is a block from Centinela Hospital, with 1,332 employees. Forgot to mention, the 57,000 badge holders at LAX, nearby, as well. The building has a secured-access, renovated lobby, leading to a landscaped courtyard. In addition, there are newer windows throughout. Secured-access, carport parking, in rear. Thirteen 1s, Five 2s, 13K sq. ft. on a massive, 18K+ footprint. 5% cap from the jump. The building is a ‘No Brainer’ operationally and affords you a path toward a 6.5% market cap rate. EXCLUSIVELY LISTED AT $5,199,000.

  • Address 940 Larch Street
  • City Inglewood
  • State/county CA
  • Zip/Postal Code 90301
  • Area 102 - South Inglewood
  • Country United States

Details

Updated on April 17, 2024 at 10:45 pm
  • Property ID: SGR-29265396
  • Price: $5,199,000
  • Property Size: 12665.00 m²
  • Land Area: 18389.00 m²
  • Bedrooms: 23
  • Bathrooms: 18
  • Year Built: 1959
  • Property Type: Residential Income
  • Property Status: For Sale
  • Living Area: 12665.00
  • MLS#: 24379261
  • Office Name: CBRE, INC.
  • Agent Name: Brice Head
  • MLS Status: Active
  • Living Area Prefix: Sqft
  • Agent State License: 01330706

Additional details

  • Cooling: None
  • Heating: Wall Furnace
  • County: Los Angeles
  • Parking: 0.00

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