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Listed by Jessie J Rodriguez • Cal American Homes
$1,550,000
Est. payment /mo
4,688 SqFt
Active
116 South Fir Avenue Inglewood, CA 90301
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Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 4,688 sqft
Price per Sqft $330
MLS Listing ID CV-25061631
Year Built 1963
Lot Size 8,000 Sqft
Property Sub-Type Apartment
Property Description
Located in the heart of Inglewood, this highly desirable property with a great unit mix of 6 generously proportioned apartments includes one (1) one-bedroom /one-bath unit, four (4) two-bedrooms/one bath units and one (1) three-bedrooms/2 baths unit. Held and meticulously maintained by the same family since 1977, this attractive building with a strong rental history and large upside potential features ample tuck-under and carport parking perfect for converting into additional ADUs. Drought tolerant landscaping, separate laundry facility, and one completely renovated 2 bedroom unit with new appliances, countertops, fixtures and engineered wood flooring are also present in this complex. An added bonus is SB 721 balcony retrofit has already been completed! This property's strategic location in the "City of Champions" offers quick and easy access to shopping, dining, and the nearby iconic sports and entertainment venues: Kia Forum, SoFi Stadium, YouTube Theatre, and the Beckman YOLA Center. Transportation is a breeze with hubs like LAX and the Florence/La Brea Metro Station only a few short miles away. Significant to know, the building is not in the LAX flight path. Additionally, Cozier Middle School, City Honors International Preparatory School, and Inglewood High School are all within blocks of this property. With a high demand for housing in the area, this property affords an excellent income-generating opportunity and is a wise investment for both the experienced investor looking to expand their portfolio or add additional units, and the first-time investor interested in generating passive income.
Location
State CA
County Los Angeles
Area 101 - North Inglewood
Zoning INCC*
Interior
Fireplaces Type None
Laundry Common Area, Community
Exterior
Parking Features None
Pool None
Community Features Suburban
View Y/N No
View None
Building
Lot Description 6-10 Units/Acre
Sewer Public Sewer