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    820 S Grevillea Ave

    Inglewood, CA 90301
    • $800,000
    • STATUS: Active
    • ON SITE: 84 days
    • ID#: 20-598760
    UPDATED: 50 min ago
    $800,000
    • 3
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,779
      SQFT
    • $450
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1922
    County:

    School Ratings & Info

    Description

    820 S Grevillea Ave is either an investment opportunity or owner friendly asset. The property offers 3 single detach units with one garage for each unit. On current rents, the asset is operating at a 3.81% Cap Rate (Market 4.3%) and 17.09 GRM (Market 15%), with still plenty of room to grow. The Bachelor will be delivered vacant at the end of escrow as this property is contingent upon an exchange and seller finding a suitable trade property. Inglewood is in the midst of a full-scale transformation into attracting an influx of new businesses, jobs, and entertainment. Central location to Inglewood's new highlight entertainment the Sofi Stadium and Inglewood City Hall.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-26T11:42:36.897. 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/107488687
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    820 S Grevillea Ave Inglewood, CA 90301

    • Price: $800,000
    • Status: Active
    • Updated: 50 min ago
    • ID#: 20-598760
    3
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    1,779
    SQFT
    $450
    $/SQFT
    1922
    Built
    Neighborhood:
    North Inglewood
    County:
    Los Angeles
    Area:
    North Inglewood
    Property Description
    820 S Grevillea Ave is either an investment opportunity or owner friendly asset. The property offers 3 single detach units with one garage for each unit. On current rents, the asset is operating at a 3.81% Cap Rate (Market 4.3%) and 17.09 GRM (Market 15%), with still plenty of room to grow. The Bachelor will be delivered vacant at the end of escrow as this property is contingent upon an exchange and seller finding a suitable trade property. Inglewood is in the midst of a full-scale transformation into attracting an influx of new businesses, jobs, and entertainment. Central location to Inglewood's new highlight entertainment the Sofi Stadium and Inglewood City Hall.
    Exterior Features

    Cross Streets W Arbor Vitae St Direction Faces West Entry Location Ground Level W/Steps Levels Ground LevelTop Level Lot Size Area 5012 Other Structures None Parking Garage Converted Garage Pool Description None Pool YN No Roof Composition Spa None Spa YN No Sprinklers Sprinkler Timer Tennis Court None Tennis YN No Total Parking 4 View Description None View YN No

    Interior Features

    Baths Total 3.00 Common Walls Detached/No Common Walls Cooking Appliances Built-In Gas Cooling None Den No Dining Room No Equipment Garbage Disposal Family Room Yes Fireplace Rooms None Flooring Carpet Heating WallWall Gas Laundry None Rooms Family Room

    Property Features

    Alley YN Yes Assessed Total Value 262134 Gross Income 46800 Gross Operating Income 45396 Like Units1 1 Like Units2 1 Like Units3 1 Net Operating Income 30458.00 Number Of Buildings 3 Number Of Units 3 Sale Type Standard Security Features None Source Living Area Appraiser Source Lot Size Area Vendor Enhanced Total Annual Expense 14938 Type Of Units 3 Water On Site Year Built Source Vendor Enhanced Zoning Inc2yy

    Listing provided courtesy of Evelyn Baez Gonzalez DRE#02103055 of Lyon Stahl Investment Real Estate, Inc..


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-26T11:42:36.897. 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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    Randy Plaice and Associates | RE/MAX
    27720 Dickason Drive
    Valencia CA, 91355