1022 Larch St, Inglewood, CA 90301

First time this property has ever been on the market, not subject to rent control with 61% upside! The property is situated right in the heart of Inglewood, and is within walking distance to the NFL stadium/Hollywood Park re-development site! The property has a laundry room on site for tenant's use, and there is one central water heater for all the units. Throughout the years, galvanized plumbing has been replaced with copper plumbing when needed. The owners have taken pride in owning this asset for over 50 years, making repairs diligently and thoughtfully. Many units have been refurbished with new stoves, paint, tile, granite, vinyl plank flooring, louver window coverings, refinished cabinetry. 2 of the units have dishwashers and forced air heating systems; others have gas wall heaters. All units have ample storage, especially in the bedrooms which boast custom designed storage. A new roof was put in during 2006 and the building was fully tented for termites in 2016, along with additional refurbishment work. Back and side patio fencing was replaced in 2016. The property is individually metered for gas and electricity. The sewer line was replaced within the last several years as well. An investment opportunity of this quality comes few and far between in today's market. This is the perfect acquisition for investors looking to expand their portfolio or break into Los Angeles' hottest rental market.