511 Venice Way, Inglewood, CA 90302
  • MLS#: SB25078591 ( Apartment )
  • Street Address: 511 Venice Way
  • Viewed: 1
  • Price: $2,999,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1960
  • Bldg sqft: 0
  • Days On Market: 19
  • Additional Information
  • County: LOS ANGELES
  • City: Inglewood
  • Zipcode: 90302
  • Provided by: Abu Majumder, Broker
  • Contact: Abu Abu
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Well Maintained 12 Unit Mixed Apartment Building for Sale. Prime commuter location just a few blocks from the 405 Freeway. Features an attractive gated entrance, beautifully landscaped grounds, and a well maintained pool. Additional Properties Also Available Three other properties are also for sale and can be purchased individually or as a portfolio: 16 units at 404 E. Hyde Park, Inglewood 12 units at 530 Olive Street, Inglewood 6 units at 717 N. Market St, Inglewood In total, 41 out of 46 units have been fully remodeled to condo quality standards. The entire portfolio offers a hassle free, low maintenance, turnkey operation with a strong track record of minimal vacancy, low tenant turnover, and consistent 100% rent collection. Parking Ample parking is available. Typically, one bedroom units include one parking space, while two to four bedroom units come with two spaces each.
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Features
Building Area Total
  1. 8704.00
Commoninterest
  1. Community Apartment
Common Walls
  1. No Common Walls
Country
  1. US
Electric Expense
  1. 4320.00
Entry Location
  1. Venice Way
Fuel Expense
  1. 1920.00
Garage Spaces
  1. 0.00
Gardner Expense
  1. 1560.00
Insurance Expense
  1. 5293.00
Laundry Equipment Own Lease
  1. Lease
Laundry Features
  1. Common Area
Laundry Income
  1. 250.00
Lot Features
  1. Lot 10000-19999 Sqft
Netoperatingincome
  1. 172735.00
Newtaxesexpense
  1. 39946.00
Number Of Separate Electric Meters
  1. 13
Number Of Separate Gas Meters
  1. 13
Otherexpense
  1. 672.00
Otherexpensedescription
  1. Lease
Parcel Number
  1. 4017017075
Parking Features
  1. Carport
Pool Expense
  1. 2100.00
Pool Features
  1. Community
Professionalmanagementexpense
  1. 10382.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 436073121:CRM
Tenant Pays
  1. Electricity
  2. Gas
Totalexpenses
  1. 82037.00
Trash Expense
  1. 0.00
Vacancyallowance
  1. 7787
Water Sewer Expense
  1. 10800.00
Water Source
  1. Public
Year Built
  1. 1960
Year Built Source
  1. Assessor
Zoning
  1. INR3YY