530 Olive Street, Inglewood, CA 90301
  • MLS#: SB25078572 ( Apartment )
  • Street Address: 530 Olive Street
  • Viewed: 1
  • Price: $3,495,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1964
  • Bldg sqft: 0
  • Days On Market: 19
  • Additional Information
  • County: LOS ANGELES
  • City: Inglewood
  • Zipcode: 90301
  • Provided by: Abu Majumder, Broker
  • Contact: Abu Abu
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    A beautifully remodeled apartment building located on a quiet street in Inglewood is now for sale. The property consists of 12 mixed units, each averaging approximately 1,000 square feet. Situated just south of Manchester Boulevard in a primarily residential neighborhood, these high quality units are designed to appeal to the area's most discerning renters. In addition to this property, three more buildings are also available for sale. These properties can be sold individually or as part of a portfolio: 16 units at 404 E. Hyde Park, Inglewood 12 units at 511 Venice Way, Inglewood 6 units at 717 N. Market Street, Inglewood Out of the 46 total units across all properties, 41 have been fully remodeled to condo quality standards. This portfolio offers a turnkey, low maintenance investment opportunity, with a strong track record of minimal vacancy, low tenant turnover, and 100% rent collection. Ample parking is available. Typically, one bedroom units include one parking space, while two to four bedroom units come with two parking spaces each.
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Features
Building Area Total
  1. 11886.00
Carport Spaces
  1. 18.00
Commoninterest
  1. Community Apartment
Common Walls
  1. No Common Walls
Country
  1. US
Electric Expense
  1. 1800.00
Entry Location
  1. Olive St
Fuel Expense
  1. 0.00
Garage Spaces
  1. 0.00
Gardner Expense
  1. 1440.00
Heating
  1. Radiant
Insurance Expense
  1. 8405.00
Laundry Features
  1. Common Area
Levels
  1. Two
Lot Features
  1. Lot 10000-19999 Sqft
  2. Near Public Transit
Netoperatingincome
  1. 189762.00
Newtaxesexpense
  1. 45969.00
Number Of Separate Electric Meters
  1. 13
Number Of Separate Gas Meters
  1. 13
Parcel Number
  1. 4018015009
Pool Features
  1. None
Professionalmanagementexpense
  1. 11582.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 436071844:CRM
Tenant Pays
  1. Electricity
  2. Gas
Totalactualrent
  1. 24128.00
Totalexpenses
  1. 94088.00
Trash Expense
  1. 0.00
Vacancyallowance
  1. 8686
Water Sewer Expense
  1. 14280.00
Water Source
  1. Public
Year Built
  1. 1964
Year Built Source
  1. Assessor
Zoning
  1. INR3YY