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$1,200,000

Beds
Unknown
sq ft
4,456

1042 N Market St, Inglewood, CA 90302

1042 N Market St

Inglewood, CA 90302

  • 54 days on market
This exceptional five-unit investment property offers incredible potential in one of North Inglewood’s most sought-after neighborhoods. It features four spacious two-bedroom, one-bath units and one one-bedroom, one-bath unit, with 4 of the units boasting private garages. The property also includes two courtyards, perfect for creating inviting outdoor spaces for tenants. Its prime location is close to major attractions such as the future Clippers Arena, Kia Forum, LAX, SoFi Stadium, shopping hubs, and the scenic Beach Cities. With the growing demand for housing in the area, this property is a true diamond in the rough. Renovating and upgrading offers an outstanding opportunity to significantly boost rental income and maximize long-term returns. Don’t miss out on this rare opportunity to own a multi-unit property with unlimited potential in a thriving neighborhood!

Details

Property type

Apartment

Lot size

5,035 sq ft

Price per sq ft

$270

Year built

1953

Price History

09/30/2024
CRMLS

CRMLS #IN24202956

Listed
$1,200,000
-25%
06/07/2024
CRMLS

CRMLS #IN23099553

Removed
$1,600,000
06/06/2023
CRMLS

CRMLS #IN23099553

Listed
$1,600,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Sidewalks

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Washington Mutual Bank

Loan start date

December 2005

Original loan amount

$300,000

Est. remaining balance

Not provided

Interest rate

5.63%

Loan type

Commercial

Seller

Elizabeth Manriquez Villavazo and Mario Manriquez

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/22/2024 at 6:55 PM

Listing updated: 09/30/2024 at 9:21 PM

Listed by: Noe Blanco, RE/MAX Alliance Group Phone #: (310) 578-0348

MLS: CRMLS #IN24202956

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