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861 Glenway DR #1 Inglewood, CA 90302
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Key Details
Sold Price $2,200,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB19199847
Sold Date 10/31/19
HOA Y/N No
Year Built 1957
Lot Size 0.370 Acres
Acres 0.37
Property Description
861 Glenway Drive is located in a high demand rental market. Excellent unit mix of Four 2 bedroom + 1 bath units and Six 1 bedroom + 1 bath units. Located on a large 16,324 sq. ft. lot. Additionally, this well maintained property has projected rental upside of over 42%. This creates a terrific opportunity for an astute Long Term Investor. Glenway Drive is know as one of the best streets in the Northwest area of Inglewood. The Seller owns the
laundry facilities that will be transferred to the new buyer. Each unit has its own individual water heater. The property is located near the Brand new NFL Rams Stadium/Hollywood Park development. 10.96 GRM at Market Rents and 6.2% Cap Rate at Market Rents.
Location
State CA
County Los Angeles
Area 101 - North Inglewood
Zoning INR3YY
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Heating Wall Furnace
Fireplace No
Laundry Common Area
Exterior
Carport Spaces 8
Pool None
Community Features Curbs, Sidewalks
Total Parking Spaces 8
Private Pool No
Building
Lot Description 16-20 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4017019032
Energy Description 500.0
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Lori Matson • Keller Williams Hollywood Hills
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