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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