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Listed by Justin White, DRE #01267826 • Justin White
$ 5,500,000
Est. payment /mo
Price Dropped by $200K
720 N Market Inglewood, CA 90302
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW26117557
Year Built 1964
Source California Regional MLS
Property Description
720 N Market Street in the growing North Inglewood sub market of Los Angeles. This 16-unit multifamily asset represents a compelling opportunity to acquire a fully renovated, turnkey property with strong in-place cash flow and operational stability. This unique property has undergone major capital improvements in recent years, and is a standout in the neighborhood. Renovations include; new solar panels, all 16 units remodeled, 88 windows replaced, electrical panel upgraded, 16 sub-panels upgraded, 16 Nest thermostats, Copper re-pipe of entire building, new roof, new HVAC system, security system and gated entry. With approximately $750,000 already invested in this property, new ownership can be confident in their operations and the longevity of the asset. Located within walking distance to the new Metro Purple line, this property is strategically located for both tenants that commute and those that work in Los Angeles and the South Bay. Within a 5 mile radius employers include; LAX Airport, SpceX, Intuit Dome, KIA Forum, SoFi stadium, Northrop Grumman, Kaiser Permanente and multiple hospitals. The location of this asset cannot be overlooked, with major employers nearby and the ongoing development happening in Inglewood, this asset is truly positioned in a growing market now, and
Location
State CA
County Los Angeles
Area 101 - North Inglewood
Rooms
Kitchen Microwave, Other
Interior
Heating Central Forced Air
Cooling Central AC
Laundry Laundry Area
Exterior
Parking Features Storage - RV, Assigned Spaces
Garage Spaces 16.0
Pool None
Roof Type Composition
Building
Foundation Concrete Slab
Water District - Public
Others
Tax ID 4016010002
Special Listing Condition Not Applicable
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