4322 106th , Inglewood, CA 90304
  • MLS#: OC25268240 ( Commercial/Residential )
  • Street Address: 4322 106th
  • Viewed: 2
  • Price: $3,000,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1909
  • Bldg sqft: 0
  • Days On Market: 18
  • Additional Information
  • County: LOS ANGELES
  • City: Inglewood
  • Zipcode: 90304
  • Provided by: Parham Khoshbakhtian, Broker
  • Contact: Parham Parham
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    The Parham Group at Marcus & Millichap is pleased to present an eight unit multifamily assemblage on over 52,000 SF of land in unincorporated Inglewood with a large portion leased to County of Los Angeles Sheriffs Department, providing both stability and institutional credit strength. The property presents a rare opportunity to acquire a fully income producing asset with at a competitive going in return with significant upside in rents. The residential component features a diverse mix of three bedroom and one bedroom units, many recently improved, delivering steady in place income with meaningful rental upside as rents are all below market. The parking area leased to the County adds durable, non residential cash flow backed by a government entity, contributing roughly $6,200 per month in additional income. Positioned within minutes of SoFi Stadium, the Intuit Dome, and Hollywood Park, the asset is poised to benefit from the continued revitalization of Inglewoods entertainment corridor. Combining stable current returns with long term redevelopment potential, this property offers investors an attractive blend of immediate yield, County backed income, and irreplaceable land value in one of Los Angeles Countys most dynamic submarkets.
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Features
Additional Parcels Description
  1. 4034025016
  2. 4034025017
Association Fee
  1. 0.00
Building Area Total
  1. 6698.00
Commoninterest
  1. None
Common Walls
  1. No Common Walls
Country
  1. US
Electric Expense
  1. 9600.00
Entry Location
  1. Front
Fuel Expense
  1. 0.00
Garage Spaces
  1. 1.00
Insurance Expense
  1. 9000.00
Laundry Features
  1. None
Lockboxtype
  1. None
Lot Features
  1. Lot Over 40000 Sqft
Netoperatingincome
  1. 155948.00
Newtaxesexpense
  1. 36000.00
Parcel Number
  1. 4034025004
Pool Features
  1. None
Professionalmanagementexpense
  1. 9219.00
Property Type
  1. Commercial/Residential
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 452761398:CRM
Totalactualrent
  1. 19206.00
Totalexpenses
  1. 74524.00
Trash Expense
  1. 0.00
Water Sewer Expense
  1. 0.00
Water Source
  1. Public
Year Built
  1. 1909
Year Built Source
  1. Public Records