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122 E SPRUCE AVE INGLEWOOD, CA 90301
- Townhouse or Condo / Resale (MLS)
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Property Details for 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.
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Property Brokerage:
Beach City Brokers
200 S Pacific Coast Highway
Redondo Beach
CA
90277
Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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All information provided is deemed reliable, but is not guaranteed and should be independently verified.
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