Sold
Closed
946 950 W Beach Avenue
Inglewood CA, 90302
$6,400,000
$298.79 per sqft
Sold
Closed
21,420 sqft
Multi-family
Built in 1963
Listed by Robert Stepp with Keller Williams - Santa Monica 310-463-2916
946-950 Beach Avenue is an 18-unit multifamily asset located in rapidly developing Inglewood, California. Situated on a 25,013-square-foot lot, the property offers a desirable mix of sizable units: sixteen (16) three-bedrooms and (2) two-bedrooms. Fourteen (14) units are fully renovated with new flooring, modern kitchens and baths, and upgraded fixtures throughout. Two (2) units are partially renovated with new floors. In-unit washer/dryers have been installed in eight units. The property also provides onsite laundry facilities and 27 secured parking spaces. Seismic retrofitting has been completed and new roofs were installed on both buildings in 2022. This asset is offered with an interest-only 3.650% assumable loan. The new owner will be able to take advantage of the value-add opportunity in renovating the remaining units. The property offers significant rental upside potential of approximately 12% .
PW23048120
MLSⓇ ID
March 24, 2023
Listed
November 22, 2024
Updated
Map
946 950 W Beach Avenue
Inglewood CA, 90302
Interior Features
Laundry Description
Common Area, Inside
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.57 Acres
Lot Features
16-20 Units/Acre
Sewer
Public Sewer
Other Property Details
Area Name
101 - North Inglewood
Days on Market
249
Garage
No
Parking Total
27
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
INR3YY
Listing History
Date | Event | Price |
|---|---|---|
12/27/2023 | Price change | $6,400,000 -5% |
12/27/2023 | Sold | $6,400,000 |
11/28/2023 | Pending | — |
11/3/2023 | Under contract | — |
7/7/2023 | Price change | $6,700,000 -7% |
Listing Contact: 310-482-2200
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 11/22/2024. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 11/22/2024 at 4:00 PM UTC