Address
449 Edgewood Street, Inglewood, CA
Price
$ 7,500,000
Property Attributes
- MLS#SB23027221
- TypeIncome
- CountyLOS ANGELES
- 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 |
|---|---|---|---|---|
| Bedroom |
Amenities
- 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
Price
Visits
Year Built
Based on information from California Regional Multiple Listing Service, Inc. as of September 25, 2023 4:39 AM UTC 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, 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.
The MLS™ Combined LA/Westside MLS® (CLAW): All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers
