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    632 W Hillsdale St

    Inglewood, CA 90302
    • $1,589,000
    • STATUS: Active
    • ON SITE: 80 days
    • ID#: 20-601426
    UPDATED: 51 min ago
    $1,589,000
    • 8
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,123
      SQFT
    • $509
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1944
    County:

    School Ratings & Info

    Description

    632 W. Hillsdale Street, a six-unit apartment building in the rapidly evolving neighborhood of Inglewood. Situated on a 6,400 SF lot zoned INP1YY, the subject property is an ideal owner/user opportunity with (1) 3+2 single-family home and (5) singles. Please note, one of the singles will be delivered vacant upon close of escrow. The units offer a significant value-add opportunity to potential investors, as current rents are approximately 37% below market value for nicely remodeled units in the area. Additionally, the subject property features three separate two-car garages, six surface parking spots, copper plumbing throughout most of the building, and each unit is separately metered for gas and electricity. Located in a neighborhood that is currently seeing several large-scale developments, 632 W. Hillsdale Street presents investors with the opportunity to acquire a significant value-add investment with owner/user flexibility.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-27T21:42:14.527. 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.randyplaice.com/homes/107621769
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    632 W Hillsdale St Inglewood, CA 90302

    • Price: $1,589,000
    • Status: Active
    • Updated: 51 min ago
    • ID#: 20-601426
    8
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    3,123
    SQFT
    $509
    $/SQFT
    1944
    Built
    Neighborhood:
    North Inglewood
    County:
    Los Angeles
    Area:
    North Inglewood
    Property Description
    632 W. Hillsdale Street, a six-unit apartment building in the rapidly evolving neighborhood of Inglewood. Situated on a 6,400 SF lot zoned INP1YY, the subject property is an ideal owner/user opportunity with (1) 3+2 single-family home and (5) singles. Please note, one of the singles will be delivered vacant upon close of escrow. The units offer a significant value-add opportunity to potential investors, as current rents are approximately 37% below market value for nicely remodeled units in the area. Additionally, the subject property features three separate two-car garages, six surface parking spots, copper plumbing throughout most of the building, and each unit is separately metered for gas and electricity. Located in a neighborhood that is currently seeing several large-scale developments, 632 W. Hillsdale Street presents investors with the opportunity to acquire a significant value-add investment with owner/user flexibility.
    Exterior Features

    Cross Streets W. Hillsdale Street And W. Beach Ave. Garage Structures Total 3 Lot Size Area 6400 Other Structures None Parking Garage Garage - 2 CarParking Space Total Parking 12

    Interior Features

    Baths Total 7.00 Common Walls Attached Cooling None Equipment Range/OvenRefrigeratorMicrowaveFreezerGarbage Disposal Heating Wall Laundry None

    Property Features

    Assessed Total Value 101344 Gross Income 91404 Gross Operating Income 88662 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 56649.00 Number Of Buildings 2 Number Of Units 6 Sale Type Standard Source Living Area Other Source Lot Size Area Vendor Enhanced Total Annual Expense 32013 Type Of Units Apartments Year Built Source Vendor Enhanced Zoning Inp1yy

    Listing provided courtesy of Michael Matthias DRE#01489863 of Compass.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-27T21:42:14.527. 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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    Valencia CA, 91355