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623 S Grevillea Ave Inglewood, CA 90301
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Key Details
Sold Price $2,580,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 11,233 sqft
Price per Sqft $229
MLS Listing ID 21-715128
Sold Date 08/16/21
Bedrooms 16
Year Built 1964
Lot Size 9,625 Sqft
Acres 0.221
Property Description
We are pleased to present 623 South Grevillea Avenue, a 9-unit investment property in Inglewood, California. The property is located between Hillcrest Boulevard and Buckthorn Street. This area is a solid majority-renter market with low vacancy rates. 623 South Grevillea Avenue consists of seven 2 bedroom 2 bathroom units and two 1 bedroom 1 bathroom units. All of the units are separately metered for gas and electricity. The property also offers 12 gated and covered parking spaces. This offering presents a great opportunity for an investor to acquire an asset with steady cash flow in a strong rental market and capture potential upside in rents. *Seven 2 Bedroom and Two 1 Bedroom Units, *12 Covered and Gated Parking Spaces, *A Potential 19% Increase in NOI, *Very Walkable 88 Walk Score, *Minutes from the Sofi Stadium and LA Forum
Location
State CA
County Los Angeles
Area North Inglewood
Zoning INR3YY
Rooms
Other Rooms None
Interior
Heating Wall
Cooling Central
Equipment Range/Oven
Exterior
Parking Features Gated, Covered Parking
Others
Special Listing Condition Standard
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Bought with Marcus & Millichap