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713 Edgewood Street

Inglewood, CA 90302

– beds
– baths
– sqft
8,918 sqft lot
1972 build
– on site

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ASSUMABLE $1.18M CHASE LOAN AT 4.70% INTEREST-ONLY THRU AUGUST 2027... This 8-unit apartment building is located in prime Inglewood, one of the hottest up-and-coming markets in Los Angeles. The property was built in 1972 and is comprised of (6) 1-bed / 1-bath units and (2) 2-bed /1-bath units. The property sits on a huge lot, nearly 9,000 square feet, and is zoned R3. The two-bedroom units have spacious balconies, and one of the one-bedrooms at the front of the building also has a large private balcony. Significant capital improvements have gone into the building, including new mainline sewer pipes, updated electrical components, and extensive interior renovations in 4 out of the 8 units. These tasteful renovations include new flooring, new kitchen/bathroom cabinets & fixtures, new stainless-steel appliances, bathroom tiling, recessed lighting, as well as new blinds and fans. The property also features 8 parking spaces and a community laundry area for additional income. Additionally, the property is being offered with a fantastic assumable Chase loan at 4.7% interest-only through August 2027, providing a 5.70% cash-on-cash. Lastly, the property offers room to build at least 3-4 ADUs in the tuck-under parking area, detached garage and attached storage areas (Buyer to verify).

Listed By CRMLS_CA / Jake Glaser / Lyon Stahl Investment Real Estate, Inc.

Last checked: Checking… • Last updated Oct 23, 2024 •

MLS# 24409925 —

The Building

Year Built:

1972
New Construction:

No
Building Area Total:

6220.00
Total Number Of Units:

8
# of Buildings:

1
Architectural Style:

Mid Century Modern
Stories Total:

2

Interior

Levels:

Two
Laundry:

Community
Laundry:

1

Location

Directions:

Between La Brea and Centinela off Hyde Park Blvd.
Latitude:

33.97305200
Longitude:

-118.35470700

The Property

Property Type:

Residential Income
Zoning:

INR3*
Lot Size Area:

8918.0000
Lot Size Dimensions:

50x136
Lot Size Acres:

0.2047
Lot Size SqFt:

8918.00

Listing Agent

Contact info:

The Listing

Special Listing Conditions:

Standard
Parcel Number:

4016011001

Heating & Cooling

Heating:

1
Heating:

Wall Furnace

Appliances

Included:

Yes

The Community

Association:

No
Senior Community:

No
Assessments:

No

Parking

Parking:

Yes
Parking:

Carport
Parking Spaces:

8.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
10/22/24 Oct 22, 2024	Sold	CRMLS_CA	$2,250,000	-4.1%
10/1/24 Oct 1, 2024	Pending	CRMLS_CA	$2,345,000
9/19/24 Sep 19, 2024	Sold Subject To Contingencies	CRMLS_CA	$2,345,000

Multifamily Sold on 10/22/2024

$2,250,000

Listing provided by broker:

Jake Glaser

Lyon Stahl Investment Real Estate, Inc.

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Listing Courtesy of: CRMLS_CA and Lyon Stahl Investment Real Estate, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of 10:03 on Dec 23.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

713 Edgewood Street

Inglewood, CA 90302