20
See all 20 photos
$1,595,000
Est. payment /mo
6 Beds
6 Baths
6,962 Sqft Lot
New
632 Manchester Drive Inglewood, CA 90301
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26237362
Bedrooms 6
Lot Size 6,962 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Prime Inglewood 5-unit value-add investment opportunity located less than a 5-minute walk from SoFi Stadium and The Forum. The property features two 2-bedroom/1.75-bath units and three 1-bedroom/1-bath units, with spacious floor plans of approximately 9001,000 square feet. Offered at $319,000 per unit and $326 per square foot, the property offers approximately 25% rental upside with a projected Pro Forma 6.9% CAP and 11.2 GRM. The property features select remodeled units, A/C in all units, on-site laundry, and an all-electric configuration with no gas expense. Recent improvements include an approximately 5-year-old roof, exterior paint, and water-efficient landscaping. Additional value-add potential includes adjacent double and single-car garages with possible ADU conversion, subject to buyer verification. Strong location, large units, rental upside, and ADU potential make this a compelling value-add opportunity in the heart of Inglewood.
Location
State CA
County Los Angeles
Zoning Assessor
Direction 632 Manchester Dr, Inglewood
Interior
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 4021027005
Acceptable Financing Cash
Listing Terms Cash
Listed by Tamas Batyi, DRE#02053534 Compass
Nearby Locations
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