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Sold for $2,525,000 on 10/30/23
  • Listing Provided by: 

    Michael McKinney DRE #00634672 310-880-2900,

    Lyon Stahl Investment Real Estate, Inc.,

    Steffan Braunlich DRE #01859098 310-209-3209,

    Berkadia

    $2,525,000

    917 Kenwood St, Inglewood, CA 90301

    --beds
    --baths
    8,086sqft
    Multi Family
    Built in 1988
    -- sqft lot
    $1,613,600 Zestimate®
    $312/sqft
    $2,427 Estimated rent

    What's special

    We are pleased to present 917 Kenwood Street, Inglewood, a tremendous value-add opportunity. This 8-unit investment is nestled in a prime residential neighborhood within the trending community of Inglewood. All the units are spacious 2-bedroom / 1 bath, (+/- 1,010 square feet). The in-place rent rates average $1,860 monthly / $1.84 per sq.ft. With approximately 35% in rental upside, there is ample room to increase revenue in line with the growing demand of Inglewood's thriving rental market. Recent improvements include brand-new A/C systems, upgraded electrical systems and double-pane windows, ensuring energy efficiency and tenant comfort. The building features an on-site laundry facility (operating on a month-to-month contract), gated entries, and ample parking - two parking spaces per unit. Each unit is equipped with a separate gas and electric meter. The ideal location is near to an array of shops, dining, major entertainment, recreation options, transportation, and employment. Whether you're a seasoned investor looking to expand your portfolio or seeking to enter the market, this 8-unit investment offers a blend of upgrades, strategic location, and the ability to increase rental income. A perfect combination of stability and growth potential.

    Zillow last checked: 7 hours ago

    Listing updated: October 30, 2023 at 05:41pm

    Listing Provided by:

    Michael McKinney DRE #00634672 310-880-2900,

    Lyon Stahl Investment Real Estate, Inc.,

    Steffan Braunlich DRE #01859098 310-209-3209,

    Berkadia

    Bought with:

    Mona Flaum, DRE #01200014

    Pinnacle Estate Properties, Inc.

    Source: CRMLS,MLS#: SB23166237MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Included: Disposal, Gas Range, Gas Water Heater, Range Hood
    • Laundry: Common Area
    Features
    • Flooring: Carpet, Laminate, Tile
    • Windows: Double Pane Windows
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 8,086
    • Total interior livable area: 8,086 sqft

    Property

    Parking
    • Total spaces: 16
    • Parking features: Assigned, Controlled Entrance, On Site
    • Garage spaces: 16
    Features
    • Levels: One
    • Stories: 1
    • Entry location: 1
    • Exterior features: Lighting
    • Pool features: None
    • Spa features: None
    • Has view: Yes
    • View description: None
    Lot
    • Size: 8,970 sqft
    • Features: Front Yard, Sprinklers In Front, Near Park
    Details
    • Parcel number: 4023003032
    • Zoning: INR3YY
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Traditional
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Materials
    • Stucco, Copper Plumbing
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 1988

    Utilities & green energy

    • Electric: Standard
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

    Community & neighborhood

    Security
    • Security features: Carbon Monoxide Detector(s), Gated Community, Smoke Detector(s)
    Community
    • Community features: Curbs, Gutter(s), Storm Drain(s), Street Lights, Suburban, Sidewalks, Gated, Park
    Location
    • Region: Inglewood

    Other

    Other facts
    • Listing terms: Cash to New Loan
    • Road surface type: Paved
    Services availability
    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $1,613,600

    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $1,613,600