tomo logo

$1,895,000

Beds
11
sq ft
2,678

112 S Eucalyptus Ave, Inglewood, CA 90301

112 S Eucalyptus Ave

Inglewood, CA 90301

  • 13 days on market
We are pleased to offer the opportunity to acquire this ten (10) unit multifamily investment opportunity located in the heart of Inglewood. This investment was constructed of wood frame and stucco on a raised foundation built in 1910 with a square footage of 2,678 on a 8,005-square foot lot. The building has been reinforced and upgraded in compliance with the latest city codes and regulations, and is comprised of a remarkable unit mix, consisting of eight (8) studio units, one (1) 2+1 single family residence, and one (1) 1+1 unit. The investment is 100% occupied with a gross income of $15,147/month. There's approximately 25% potential upside in rents, which an investor can achieve closer to about $19,500/month. The investment is currently priced at a 7.25% Cap Rate & 10x GRM. Excellent cash-flow opportunity.

Details

Property type

Lot size

8,007 sq ft

Price per sq ft

$708

Year built

1910

HOA

No

Price History

12/10/2024
CLAW

CLAW #24470935

Listed
$1,895,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

Belladonna Lily Investments Inc

Loan start date

June 2019

Original loan amount

$1,400,000

Est. remaining balance

Not provided

Interest rate

4.14%

Loan type

Commercial

Seller

112 South Eucalyptus Avenue Llc

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: 12/22/2024 at 10:20 PM

Listing updated: 12/18/2024 at 10:05 PM

Listed by: Davis Saadian, KW Advisors Phone #: (310) 482-2200

MLS: CLAW #24470935

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