530 Venice Way

Inglewood, CA 90302

$3,300,000

List Price

25

bed Beds

14

shower Baths

10,487 sqft

straighten / sqft

1959

calendar_month Built

Property Description

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.

Listing Information

List Price $3,300,000
Status Pending
MLS 24424373
Type Residential Income
Year Built 1959
Lot Size 15,143
Structure Size 10,487
DOM 33
Courtesy Of Lyon Stahl Investment Real Estate, Inc.
Listing Agent William James DRE#01734419
Co-Listing Agent Peter James DRE#01748556

Interior Features

Total Bedroom
Bedrooms 25
Total Bathroom
Bathrooms 14
Fireplace Information
Features None
Cooling Type
Cooling Type Wall/Window Unit(s)

Exterior Information

Maps

Listing information courtesy of: William James, Peter James, Lyon Stahl Investment Real Estate, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:22 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.