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617 E 97th Street

Inglewood, CA 90301
  • $7,500,000
  • STATUS: Active
  • ON SITE: 34 Days
  • MLS #: 23302313
UPDATED: 216 min ago
$7,500,000
  • 44
    BEDS
  • 0.41
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 19,014
    SQFT
  • $394
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1988
County:

School Ratings & Info

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


Description

Phenomenal Location, Steps to SoFi Stadium, Hollywood Park, the Forum and the Intuit Dome (coming Fall 2024) *Large Units Averaging 1,056 SF (all two's and three's), Built in 1988 *Spacious units averaging over 938 square feet *No city rent control *Most units renovated or Partially renovated with quartz countertops and stainless-steel appliances; built-in microwaves (except two) *Assumable Fixed Rate Loan: 3.54% interest rate *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 2023-09-22T00:30:34.39. 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/142588391
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617 E 97th Street Inglewood, CA 90301

  • Price: $7,500,000
  • Status: Active
  • On Site: 34 Days
  • Updated: 216 min ago
  • MLS #: 23302313
44
Beds
0
Baths
0
½ Baths
0.41
Acres
19,014
SQFT
$394
$/SQFT
1988
Built
Neighborhood:
102 - South Inglewood
County:
Los Angeles
Area:
102 - South Inglewood
Property Description
Phenomenal Location, Steps to SoFi Stadium, Hollywood Park, the Forum and the Intuit Dome (coming Fall 2024) *Large Units Averaging 1,056 SF (all two's and three's), Built in 1988 *Spacious units averaging over 938 square feet *No city rent control *Most units renovated or Partially renovated with quartz countertops and stainless-steel appliances; built-in microwaves (except two) *Assumable Fixed Rate Loan: 3.54% interest rate *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

Parking Features Controlled EntranceCoveredGated Parking Total 36

Interior Features

Appliances DishwasherMicrowaveRefrigerator Cooling None Cooling YN No Heating Wall Furnace Heating YN Yes

Property Features

Association YN No Disclosures Listing Broker Advantage Gross Income 519900 Levels Three Or More Listing Agreement Exclusive Right To Sell Listing Service Entry Only Net Operating Income 331356 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 2023-09-22T00:30:34.39. 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)