7234 S La Cienega Boulevard, Inglewood, CA 90302

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Glen Henderson

[email protected] +1(619) 889-7646

$5,999,950

Est. payment - /mo

5 Beds

0.76 Acres Lot

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UPDATED:

08/26/2024 08:35 AM

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB24161163

Bedrooms 5

HOA Y/N No

Lot Size 0.761 Acres

Type of Financing Conventional,Exchange

Property Description

7234 S La Cienega Blvd & 811 Austin Ave are a wonderful opportunity to purchase a corner lot (two parcels totaling 33,173 sqft ), priced at only $180/sqft (lot size). Take advantage of this future development opportunity while collecting income - offset cost of development! Build 30 units by right or up to 60 units using affordable housing density bonuses.* The buildings are composed of 18 units with a mix of (8) 2Bed+2Bath+Den, (2) 2Bed+1Bath and (8) 1Bed+1Bath units. 811 Austin Ave is an eight unit building currently collecting $20,210/gross monthly. Beneficial to the new buyer, the subject properties are located 10 minutes away from the brand new SoFi Stadium, Intuit Dome, Kia Forum and Hollywood Park Development. Build in one of the fastest growing pockets in Los Angeles! *Buyer to confirm information*
7234 S La Cienega Blvd & 811 Austin Ave are a wonderful opportunity to purchase a corner lot (two parcels totaling 33,173 sqft ), priced at only $180/sqft (lot size). Take advantage of this future development opportunity while collecting income - offset cost of development! Build 30 units by right or up to 60 units using affordable housing density bonuses.* The buildings are composed of 18 units with a mix of (8) 2Bed+2Bath+Den, (2) 2Bed+1Bath and (8) 1Bed+1Bath units. 811 Austin Ave is an eight unit building currently collecting $20,210/gross monthly. Beneficial to the new buyer, the subject properties are located 10 minutes away from the brand new SoFi Stadium, Intuit Dome, Kia Forum and Hollywood Park Development. Build in one of the fastest growing pockets in Los Angeles! *Buyer to confirm information*

Location

State CA

County Los Angeles

Area Inglewood (90302)

Zoning Assessor

Building

Story 1

Others

Monthly Total Fees $245

Acceptable Financing Conventional, Exchange

Space Rent $2,526

Listing Terms Conventional, Exchange

CFD/Mello-Roos Fee $2, 944

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Listed by Michael Padilla • Lyon Stahl Investment Real Estate, Inc.

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

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