122 E SPRUCE AVE INGLEWOOD, CA 90301

Features

• Lot Size: 0.221 acres
• Total Units: 3
• Total Rooms: 5
• Room List: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
• Heating: 6
• Construction Type: Wood

Facts

• Year Built: 01/01/1910
• Property ID: 897861882
• MLS Number: SB24138088
• Parcel Number: 4021-032-035
• Property Type: Townhouse or Condo
• County: Los Angeles
• Legal Description: IDLEWILD TRACT NO 1 LOT/SEC 20
• Zoning: INR3*
• Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. Opportunity comes knocking...This is a multi- unit property with 4 separate dwellings including 4 car detached garage. Street to alley access. This property will attract the flipper, investor (90301 CAP rate at current rents creates value north of $1M, keep increasing the rent annually at the City's maximum amount until at market rates to create annual property value increase; or completely re-develop, like other neighbors have, into an 8-10 unit complex! Zoned R4, check with the City of Inglewood for future development opportunities. Located in the highly desirable section of N. Inglewood, close to So-Fi stadium. Property being sold in its present condition; seller will make NO repairs and NO termite clearance. Offers must include pre-approval and verification of cash to close. Seller to choose all services.