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232 W Olive Street

Inglewood, CA 90301
  • $4,100,000
  • STATUS: Active
  • ON SITE: 42 Days
  • MLS #: 23302355
$4,100,000
  • 18
    BEDS
  • 0.56
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 10,106
    SQFT
  • $406
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1925
County:

School Ratings & Info

Listing Agent(s): Adrienne Barr of Berkadia (310-209-3200)


Description

100% Collections during COVID *Unique unit mix of nine 1+1; and four 2+1 (the following four units are bungalows: #3, #4, #5 and #6) *Minutes to SoFi Stadium, Hollywood Park, the Forum and the Intuit Dome (coming Fall 2024), and Centinela Hospital Medical Center *Over One-Half Acre of Land (24,311 SF); Future Development Potential (INR3YY zoning) *Upgraded Community includes New Exterior Paint, Landscaping, and Conversion of a Garage to a Large Leasing Office with Bathroom *7 out 15 units have been renovated with quartz countertops and stainless-steel appliances; built-in microwaves *Rents shown are averages *PART OF AN 11-PROPERTY PORTFOLIO totaling 221 units, all located in prime LA County locations, including Inglewood (9 properties); Hawthorne (1 property); and Beverly Hills adjacent (1 property). The properties Can be Purchased Together, Individually, or In Any Combination. The Portfolio offers an attractive selection of one-, two-, and three-bedroom units, with spacious units averaging nearly 1,000 SF. There is tremendous value-add opportunity with in-place rents averaging approximately $2,135/u/month and only $2.12 psf. Attractive fixed rate assumable financing with an average interest rate of 3.72% is available. *See Property website for OMs, rent rolls and other information for ALL Properties.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-30T00:31:05.86. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/142591720
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232 W Olive Street Inglewood, CA 90301

  • Price: $4,100,000
  • Status: Active
  • On Site: 42 Days
  • MLS #: 23302355
18
Beds
0
Baths
0
½ Baths
0.56
Acres
10,106
SQFT
$406
$/SQFT
1925
Built
Neighborhood:
101 - North Inglewood
County:
Los Angeles
Area:
101 - North Inglewood
Property Description
100% Collections during COVID *Unique unit mix of nine 1+1; and four 2+1 (the following four units are bungalows: #3, #4, #5 and #6) *Minutes to SoFi Stadium, Hollywood Park, the Forum and the Intuit Dome (coming Fall 2024), and Centinela Hospital Medical Center *Over One-Half Acre of Land (24,311 SF); Future Development Potential (INR3YY zoning) *Upgraded Community includes New Exterior Paint, Landscaping, and Conversion of a Garage to a Large Leasing Office with Bathroom *7 out 15 units have been renovated with quartz countertops and stainless-steel appliances; built-in microwaves *Rents shown are averages *PART OF AN 11-PROPERTY PORTFOLIO totaling 221 units, all located in prime LA County locations, including Inglewood (9 properties); Hawthorne (1 property); and Beverly Hills adjacent (1 property). The properties Can be Purchased Together, Individually, or In Any Combination. The Portfolio offers an attractive selection of one-, two-, and three-bedroom units, with spacious units averaging nearly 1,000 SF. There is tremendous value-add opportunity with in-place rents averaging approximately $2,135/u/month and only $2.12 psf. Attractive fixed rate assumable financing with an average interest rate of 3.72% is available. *See Property website for OMs, rent rolls and other information for ALL Properties.
Exterior Features

Carport YN Yes Parking Features Carport Parking Total 16

Interior Features

Appliances DishwasherMicrowaveRefrigerator Heating Central Heating YN Yes

Property Features

Association YN No Disclosures Listing Broker Advantage Gross Income 298852 Levels Multi/Split Listing Agreement Exclusive Right To Sell Listing Service Entry Only Net Operating Income 177998 New Construction YN No Senior Community YN No Special Listing Conditions Standard Zoning Inr3yy



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-30T00:31:05.86. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Adrienne Barr of Berkadia (310-209-3200)