713 Edgewood ST Pending Save Request In-Person Tour Request Virtual Tour
Inglewood,CA 90302
Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 6,220 sqft
Price per Sqft $377
MLS Listing ID 24409925
Bedrooms 10
HOA Y/N No
Year Built 1972
Lot Size 8,916 Sqft
Acres 0.2047
Property Description
ASSUMABLE $1.18M CHASE LOAN AT 4.70% INTEREST-ONLY THRU AUGUST 2027... This 8-unit apartment building is located in prime Inglewood, one of the hottest up-and-coming markets in Los Angeles. The property was built in 1972 and is comprised of (6) 1-bed / 1-bath units and (2) 2-bed /1-bath units. The property sits on a huge lot, nearly 9,000 square feet, and is zoned R3. The two-bedroom units have spacious balconies, and one of the one-bedrooms at the front of the building also has a large private balcony. Significant capital improvements have gone into the building, including new mainline sewer pipes, updated electrical components, and extensive interior renovations in 4 out of the 8 units. These tasteful renovations include new flooring, new kitchen/bathroom cabinets & fixtures, new stainless-steel appliances, bathroom tiling, recessed lighting, as well as new blinds and fans. The property also features 8 parking spaces and a community laundry area for additional income. Additionally, the property is being offered with a fantastic assumable Chase loan at 4.7% interest-only through August 2027, providing a 5.70% cash-on-cash. Lastly, the property offers room to build at least 3-4 ADUs in the tuck-under parking area, detached garage and attached storage areas (Buyer to verify).
Location
State CA
County Los Angeles
Area 101 - North Inglewood
Zoning INR3*
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Heating Wall Furnace
Fireplace No
Laundry Common Area
Exterior
Garage Carport
Parking Type Carport
Attached Garage No
Total Parking Spaces 8
Building
Story 2
Entry Level Two
Architectural Style Mid-Century Modern
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4016011001
Special Listing Condition Standard