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228 Stepney St

Inglewood, CA 90302
  • $2,950,000
  • STATUS: Active
  • ON SITE: 69 Days
  • MLS #: 21-787010
UPDATED: 42 min ago
$2,950,000
  • 9
    BEDS
  • 0.23
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,464
    SQFT
  • $395
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1962
County:

School Ratings & Info

Description

Value Add 13 units! 9-unit building + 4 Approved ADUs in prime Northwest Inglewood area priced at only 246k/door. Incredible Current Cap Rate of 5.4% and GRM of 13.4 with upside to 7.1% Cap and 11 GRM. Delivered with 3 vacant units for immediate upside and renovations. Excellent up-and-coming Inglewood location minutes from the Rams Stadium, Forum, Culver City, and Playa Vista. Individually metered for Gas & Electricity. Approved Plans to convert the garages to 2 attached ADUs and convert a portion of the carport to 2 detached ADUs for a total of 4 ADUs. Price/Unit, Cap Rate, & GRM are based on Total Price for sake of conservatism, which includes construction costs of 4 new ADUs ($250/SF).

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-01T09:42:21.007. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.haciendagroupinc.com/homes/121689562
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228 Stepney St Inglewood, CA 90302

  • Price: $2,950,000
  • Status: Active
  • On Site: 69 Days
  • Updated: 42 min ago
  • MLS #: 21-787010
9
Beds
0
Baths
0
½ Baths
0.23
Acres
7,464
SQFT
$395
$/SQFT
1962
Built
Neighborhood:
North Inglewood
County:
Los Angeles
Area:
North Inglewood
Property Description
Value Add 13 units! 9-unit building + 4 Approved ADUs in prime Northwest Inglewood area priced at only 246k/door. Incredible Current Cap Rate of 5.4% and GRM of 13.4 with upside to 7.1% Cap and 11 GRM. Delivered with 3 vacant units for immediate upside and renovations. Excellent up-and-coming Inglewood location minutes from the Rams Stadium, Forum, Culver City, and Playa Vista. Individually metered for Gas & Electricity. Approved Plans to convert the garages to 2 attached ADUs and convert a portion of the carport to 2 detached ADUs for a total of 4 ADUs. Price/Unit, Cap Rate, & GRM are based on Total Price for sake of conservatism, which includes construction costs of 4 new ADUs ($250/SF).
Exterior Features

Lot Size Area 10012 Other Structures Other Parking Garage CarportCarport Detached Total Parking 9

Interior Features

Baths Total 9.00 Cooling None Equipment Ceiling Fan Heating Wall Gas

Property Features

Assessed Total Value 786189 Gross Income 237855 Gross Operating Income 230719 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 171761.00 Number Of Buildings 1 Number Of Units 13 Owner Pays Water Sale Type Standard Source Living Area Owner Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 57959 Type Of Units Apartment Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Inr3yy

Listing provided courtesy of Julio Ruiz DRE#01911261 of Global Platinum Properties, Inc..


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-01T09:42:21.007. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Hacienda Agency Inc
77935 Calle Tampico # 201
La Quinta CA, 92253