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    420 W Queen Street

    Inglewood, CA 90301
    • $2,095,000
    • STATUS: Active Under Contract
    • ON SITE: 105 Days
    • ID#: 21748878
    Under Contract
    UPDATED: 49 min ago
    $2,095,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1962
    County:

    School Ratings & Info

    Description

    Great investment opportunity in the desirable section of the Northwest section of Inglewood close to City Hall, LAX, future NFL stadium and the Forum. The property offers a desirable unit mix consisting of three (3) 1+1, two (2) 2+1 and two (2) 2-1.5 units. Six (6) of the seven (7) units have been updated. The property has a total of seven (7) parking spaces; (four (4) garages and three (3) tuck under spaces). Rents are low and there is substantial upside for the future buyer. There is an on-site laundry room and the equipment is owned by the seller which brings in additional income. The utilities are individually metered and offers gated entry, individual patios & balconies and 2 units have individual fireplaces. PLEASE NOTE: (1) DO NOT DISTURB THE TENANTS. (2) All offers to be submitted on a CAR Form RIPA (3) Books & records and physical inspection with accepted offer. (4) Buyer to provide proof of funds with offer. (5) Seller to select all services. (6) Property sold as is condition.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-28T18:30:51.353. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Kohler Group | Zutila. Licensed in the State of California, USA.
    www.buysocal.homes/homes/118233698
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    420 W Queen Street Inglewood, CA 90301

    • Price: $2,095,000
    • Status: Active Under Contract
    • Updated: 49 min ago
    • ID#: 21748878
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    1962
    Built
    Neighborhood:
    101 - North Inglewood
    County:
    Los Angeles
    Area:
    101 - North Inglewood
    Property Description
    Great investment opportunity in the desirable section of the Northwest section of Inglewood close to City Hall, LAX, future NFL stadium and the Forum. The property offers a desirable unit mix consisting of three (3) 1+1, two (2) 2+1 and two (2) 2-1.5 units. Six (6) of the seven (7) units have been updated. The property has a total of seven (7) parking spaces; (four (4) garages and three (3) tuck under spaces). Rents are low and there is substantial upside for the future buyer. There is an on-site laundry room and the equipment is owned by the seller which brings in additional income. The utilities are individually metered and offers gated entry, individual patios & balconies and 2 units have individual fireplaces. PLEASE NOTE: (1) DO NOT DISTURB THE TENANTS. (2) All offers to be submitted on a CAR Form RIPA (3) Books & records and physical inspection with accepted offer. (4) Buyer to provide proof of funds with offer. (5) Seller to select all services. (6) Property sold as is condition.
    Exterior Features

    Foundation Details Slab Parking Features Covered Parking Total 6

    Interior Features

    Appliances Disposal Cooling None Cooling YN No

    Property Features

    Additional Parcels YN No Disclosures Rent Control Garage YN Yes Gross Income 137277 Gross Scheduled Income 137277 Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 86889 Possession Close Of Escrow Rent Control YN Yes Security Features Security Gate Senior Community YN No Sewer Other Special Listing Conditions Standard Total Actual Rent 136380 Vacancy Allowance Rate 0 Zoning Inr4*

    Listing provided courtesy of Lawrence Cannizzaro of Lawrence Frank Cannizzaro


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-28T18:30:51.353. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Kohler Group | Zutila. Licensed in the State of California, USA.
     
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