530 Venice Way
Inglewood, CA 90302
- – beds
- – baths
- – sqft
- 15,143 sqft lot
- 1959 build
- – on site
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The subject property was built in 1959 and consists of (2) Studio / 1 Bath, (11) 2 Bed / 1 Bath, and (1) 3 Bed / 2 Bath. This is an excellent cash flow opportunity listed at a 7.19% cap rate and 9.68 grm while still offering upside potential. The building is spread out over 10,487 square feet of gross leasable area and sits on a large 15,138 square foot lot that is zoned INR3YY. The property is very well located in northwest Inglewood, just a short distance to Sofi Stadium, the Intuit Dome, and the Hollywood Park Casino development. The Fox Hills mall is located just to the north providing tenants in this area with plenty of shops, dining, and entertainment.
Last checked:
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Last updated Jan 17, 2025
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MLS# 24424373 —
The Building
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Year Built:1959
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New Construction:No
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Construction Materials:Stucco
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Building Area Total:10487.00
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Total Number Of Units:14
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# of Buildings:1
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Architectural Style:Mid Century Modern
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Roof:Composition, Shingle
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Stories Total:2
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Faces:North
Interior
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Levels:Multi/Split
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Entry Location:Ground Level w/steps
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Fireplace:No
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Fireplace:None
Location
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Directions:Subject property is located on the South side of Venice Way between Beach Ave and Glenway Dr.
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Latitude:33.97094400
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Longitude:-118.36420500
The Property
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Property Type:Residential Income
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Property Condition:Updated/Remodeled
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Zoning:INR3YY
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Lot Features:Flag Lot, Irregular Lot
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Lot Size Area:15143.0000
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Lot Size Acres:0.3476
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Lot Size SqFt:15143.00
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View:1
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View:City Lights
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Security Features:Smoke Detector(s), Carbon Monoxide Detector(s)
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Additional Parcels:No
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:4017025031
Heating & Cooling
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Heating:1
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Heating:Wall Furnace
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Cooling:Yes
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Cooling:Wall/Window Unit(s)
Appliances
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Included:Yes
The Community
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Association:No
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Pool:None
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Senior Community:No
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Private Pool:No
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Spa Features:None
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Assessments:No
Parking
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Parking:Yes
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Parking:Carport
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Parking Spaces:12.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
1/3/25
Jan 3, 2025
|
Sold | CRMLS_CA | $3,230,000 | -2.1% |
|
9/9/24
Sep 9, 2024
|
Pending | CRMLS_CA | $3,300,000 | |
|
8/7/24
Aug 7, 2024
|
Listed / Active | CRMLS_CA | $3,300,000 | 106.3% (9.5% / YR) |
