Inglewood, CA 90303,10218 WOODWORTH AVE

$1,375,000

Est. payment /mo

$1,500,000

8.3%
Est.Price: ?

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10218 WOODWORTH AVE Inglewood, CA 90303

0.31 Acres Lot

SOLD DATE : 06/18/2014

Key Details

Sold Price $1,375,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 14757419

Sold Date 06/18/14

HOA Y/N No

Year Built 1956

Lot Size 0.312 Acres

Property Description

The Woodworth Apartments consist of two adjacent 4 unit properties at 10218 and 10222 Woodworth Avenue in the Non RentControlled city of Inglewood. Comprised of two separate parcels totaling 13,574 SF of land with a combined building size of 8,866SF. The properties feature a unit mix of (4) 3 Bedroom, 2 Bathroom and (4) 3 Bedroom, 1 Bathroom units averaging 1,100 SF each. Theproperty has over $70K in recent renovations including a new exterior paint job , common area improvements and upgrades to five units. The building enjoys incredibly low expenses by being individually metered for gas and electric, each unit has its own individual water heaters and the tenants pay for trash. This bread and butter property offers an investor strong immediate cash flow. With 6% rental upside one can easily achieve pro-forma cash on cash returns of 7%. Residential or Commercial financing options are available.

Location

State CA

County Los Angeles

Area 102 - South Inglewood

Zoning INM1L*

Interior

Heating See Remarks

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Garage Covered

View Y/N No

Parking Type Covered

Total Parking Spaces 12

Private Pool No

Building

Story Two

Entry Level Two

Level or Stories Two

Others

Senior Community No

Tax ID 4030007033

Financing Cash to New Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Daniel Baird • Sperry Van Ness
Bought with Daniel Baird • Sperry Van Ness

John Hickey

Agent | License ID: 00985364

+1(818) 434-6696

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