746 Cory Drive
Inglewood, CA 90302
- – beds
- – baths
- – sqft
- 9,645 sqft lot
- 1953 build
- – on site
PRIME NW Inglewood Location. 8 unit apartment complex with recently upgraded Electrical panels and Roof (approx 10 yrs old). Great unit mix with a mix of Large One Bedrooms (8) and Two Bedroom One Bath Units (3). Price to Sell with a potential 6%+ Cap. Long Term tenants with significant upside in rents (Rent Roll attached). City of Inglewood allows a generous annual rent increase of 8.9% when rents are below their 80% FMR (Fair Market Value) which applies to all of the residents. This asset is NOT Subject to LA City or LA County Rent Control restrictions. Low Cost of operations as each tenant pays their own Hot Water with individual Hot Water Heaters in each unit. Tenants also benefit from a Gas servicing each unit (as with individual meters) and Individual Electric Meters. Common area laundry on site (Vender has MTM Agreement). Parking area consists of Open Spaces (3), Carports (3), a 2 car enclosed garage plus and additional single car enclosed garage. Amazing street presence. Pride of Ownership asset. Seller (and partners) has owned this asset for 24+ years and is retiring / dissolving the partnership. No Seller carrybacks of financing offers are considered. Other recent upgrades: SB 326 Balcony requirements: Inspected and Repairs completed with permits by National Deck. Stairway railings brought up to current code height and spacing requirements. Main Gas Meters updated with Earthquake Shut off Valves - to comply with Insurance Requests.
Last checked:
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Last updated Dec 21, 2024
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MLS# SB24236205 —
The Building
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Year Built:1953
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Year Built Source:Assessor
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New Construction:No
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Building Area Total:6170.00
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Building Area Units:Square Feet
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Total Number Of Units:8
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# of Buildings:1
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Stories Total:2
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Entry Level:1
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Common Walls:2+ Common Walls
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# of Separate Gas Meters:9
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# of Separate Water Meters:1
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# of Separate Electric Meters:9
Interior
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Entry Location:1
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Laundry:Common Area, Community
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Laundry:1
Location
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Directions:Venice Way and Cory
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Latitude:33.96955200
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Longitude:-118.36866100
The Property
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Property Type:Residential Income
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Subtype:Apartment
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Zoning:INR3YY
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Lot Features:0-1 Unit/Acre
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Lot Size Area:9645.0000
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Lot Size Acres:0.2214
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Lot Size SqFt:9645.00
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Lot Size Source:Assessor
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Census Tract:6013.02
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Tax Tract:1062
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Tax Lot:268
The Listing
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Special Listing Conditions:Standard
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Parcel Number:4017021020
Utilities
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Sewer:Public Sewer
The Community
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Features:Biking, Sidewalks
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Pool:None
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Senior Community:No
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Private Pool:No
Parking
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Parking Spaces:9.00
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Garage Spaces:3.00
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Uncovered Spaces:3.00
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Carport Spaces:3.00
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 |
|---|---|---|---|---|
|
12/20/24
Dec 20, 2024
|
Sold Subject To Contingencies | CRMLS_CA | $1,850,000 | |
|
11/18/24
Nov 18, 2024
|
Listed / Active | CRMLS_CA | $1,850,000 |
