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

October 1, 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 10/1/2024. 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.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 10/1/2024 at 9:54 PM UTC

 

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