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    420 W Queen St

    Inglewood, CA 90301
    • $2,095,000
    • STATUS: Active
    • ON SITE: 98 days
    • MLS #: 21-748878
    UPDATED: 48 min ago
    $2,095,000
    • 11
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,064
      SQFT
    • $345
      $/SQFT
    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 the Combined LA/Westside Multiple Listing Service as of 2021-09-21T06:43:23.89. 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.jelmbergteam.com/homes/118232669
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    420 W Queen St Inglewood, CA 90301

    • Price: $2,095,000
    • Status: Active
    • Updated: 48 min ago
    • MLS #: 21-748878
    11
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    6,064
    SQFT
    $345
    $/SQFT
    1962
    Built
    Neighborhood:
    North Inglewood
    County:
    Los Angeles
    Area:
    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

    Covered Parking 7 Lot Size Area 7687 Other Structures None Parking Garage Covered Parking Paved YN Yes Roof Flat Sprinklers None Total Parking 7

    Interior Features

    Baths Total 10.00 Cooling None Equipment Garbage Disposal Foundation Details Slab Heating Wall Electric Laundry Community Water Heater Features Electric

    Property Features

    Alley YN Yes Assessed Total Value 832659 Gross Income 137277 Gross Operating Income 133159 Like Units1 3 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Net Operating Income 86889.00 Number Of Buildings 1 Number Of Units 7 Rent Control YN Yes Sale Type Standard Security Features Automatic Gate Sewer In Street Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 46269 Type Of Units Apartments Water Public Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Inr4*

    Listing provided courtesy of Lawrence Cannizzaro DRE#00609154 of Lawrence Frank Cannizzaro.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-21T06:43:23.89. 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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