Listed By:
Mason Rowland with Keller Williams South Bay;
449 Edgewood Street, Inglewood, CA
$ 7,500,000
Property Attributes
  • MLS#SB23027221
  • TypeIncome
  • CityInglewood
  • AreaNorth Inglewood
  • Zip90302
  • StyleTownhouse
  • Price$ 7,500,000
  • Bedrooms46
  • Full Bathrooms46
  • Half Bathrooms0
  • Sqr Footage24380
  • Lot Size0.53921 Acres
Data Source:
California Regional MLS (CRMLS)
Property Description

The Edgewood Villas is a 23 Unit asset with all 2 bed 1.5 bath townhouse style units. All units have patios, ceiling fan, stove, dishwasher and patio area. This property is in a highly desirable pocket of Inglewood in a residential area with gated entry and gated reserved subterranean parking. There is significant upside potential which is demonstrated in the most recent leases.

Price History
2/16/2023 Listed $8,500,000
5/5/2023 12% - $7,500,000

General Features

Appliances Dishwasher, Disposal, Range Hood
Building Area Units Square Feet
Cap Rate 4.76
City Inglewood
Community Features Suburban, Gated
County Los Angeles
Directions East on Hazel St off of La Brea, South On Edgewood St
Exterior Features Barbecue
Fuel Expense 356
Garage Spaces 35
Garage Y/N Yes
Gross Income 650
Heating Wall Furnace
Insurance Expense 7247
Interior Features Balcony, All Bedrooms Up
Levels Two
Listing Agent Mason Rowland - BRE#02035921
Listing Agent State License 02035921
Listing Terms Cash to New Loan, 1031 Exchange
Lot Size Square Feet 23488
MLS Area 101 - North Inglewood
Maintenanceexpense 39527
Net Operating Income 357000
Number of Units Leased 23
Operating Expense 200189
Pool Features In Ground, Private
Possession Close Of Escrow
Private Pool Yes
Property Attached Y/N Yes
Property Sub Type Additional Townhouse
Property SubType Townhouse
Property Type Residential Income
Rent Control Y/N Yes
Roof Flat
Security Features Gated Community
Senior Community Y/N No
Sewer Unknown
Special Listing Conditions Standard
Standard Status Active
Status Active
Stories 2
Street Name Edgewood
Tax Lot 28
Taxes 97750
Tenant Pays Cable TV, Electricity, Parking Fee
Total Actual Rent 46215
Total Units 23
Trash Expense 6204
Water Sewer Expense 22777
Year Built 1969
Year Built Source Assessor
Zoning 1NR3*

Interior Features

Common Walls 2+ Common Walls
Fireplace Features Electric
Fireplace Y/N Yes
Heating Y/N Yes
Laundry Features Common Area
Street Suffix Street

Exterior Features

Buyer Agent Compensation 2.000
Buyer Agent Compensation Type %
Building Area Total 24380
Foundation Details Slab
Lot Size Acres 0.5392
Lot Size Area 23488
Lot Size Source Assessor
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 23
Parking Features Underground
Total Parking 35
Water Source Public

Room Details

Room Dimensions Level Flooring Details


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 90302

AVG $3.73M
AVG 46
Year Built
AVG 1954

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