2414 W 85th Street, Inglewood, CA 90305
- $1,350,000
- 5
- BD
- 5
- BA
- 3,866
- SqFt
- List Price
- $1,350,000
- Status
- ACTIVE
- MLS#
- 26873277
- Year Built
- 1947
- Bedrooms
- 5
- Bathrooms
- 5
- Living Sq. Ft
- 3,866
- Lot Size
- 6,902
- Acres
- 0.16
- Days on Market
- 0
- Property Type
- Multifamily
- Stories
- Two Levels
Property Description
Wa are pleased to present the exclusive offering of 2414 W 85th St, a charming value-add apartment community located in one of Inglewood's most desirable residential neighborhoods. This asset represents a rare opportunity to acquire a well-maintained 5-unit apartment building with significant rental upside just east of SoFi Stadium and the Hollywood Park development. Originally constructed in 1947, the property consists of approximately 3,866 rentable square feet situated on a 6,902 square foot lot. The building features timeless architectural character, highlighted by its attractive brick faade, large bay windows, and charming curb appeal that distinguishes it from many competing multifamily properties in the area. Current ownership has completed numerous capital improvements throughout the property, including upgraded electrical systems, newer triple pane windows, central heating and air conditioning in every unit, individual water heaters, and compliance with California's SB 721 balcony inspection requirements. The property is individually metered for gas and electricity, minimizing owner utility expenses. The property consists of five units, including two singles, one one-bedroom unit, and two two-bedroom units. One of the two-bedroom units will be delivered vacant at the close of escrow, providing an investor with an immediate opportunity to renovate and lease the unit at market rent. Additionally, all five detached garages located off the alley will be delivered vacant at closing, offering additional income potential through garage rentals or ADU potential (Buyer to Verify). The asset currently operates at a 3.81% cap rate with substantial upside to a projected 7.18% cap rate through the implementation of market rents. Positioned in one of Southern California's most dynamic rental markets, 2414 W 85th St offers investors stable in-place income, exceptional value-add potential, and long-term appreciation in one of Inglewood's strongest residential neighborhoods.
Additional Information
- Pool Description
- None
- Fireplace Description
- Living Room
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air
- Garage Spaces Total
- 5
- Attached Structure
- Attached
- Number Of Units Total
- 5
Listing courtesy of Listing Agent: John Katnik (john@brcadvisors.com) from Listing Office: BRC Advisors- BH.
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.