519 Venice Way, Inglewood, CA, 90302

  • $2,749,000
  • $2,749,000
519 Venice Way , Inglewood, CA 90302
Active For Sale
519 Venice Way , Inglewood, CA 90302
  • $2,749,000
  • $2,749,000

Description

***Seller financing opportunity with 30% down- seasoned investors only.*** Rare opportunity seeking sophisticated buyer for a bulk sale of 7 unit CONDO building. Savvy buyer will recognize the hidden value of purchasing this property and operating it as either an apartment building or sell off units individually. Comparable units in the neighborhood are currently selling for appx $490,000/unit. If buyer chooses to operate this as an apartment building, keep in mind that due to these units being individual condos (SFR), they are exempt from many of the state and local rent control laws. Three units are currently vacant and 4th under eviction. Remaining 3 tenants will be at $2,300/month. All units are 2 bdrm/2 baths with one parking space each.Buyer also has the flexibility to sell all the units individually for a profit or sell only a couple to recoup down payment and keep the rest.

  • Address 519 Venice Way
  • City Inglewood
  • State/county CA
  • Zip/Postal Code 90302

Details

Updated on January 26, 2023 at 1:15 am
  • Property ID: 22225169
  • Price: $2,749,000
  • Land Area: 0.2059 Acres
  • Year Built: 1961
  • Property Type: Residential Income
  • Property Status: Active

Additional details

  • Heating: Wall Furnace
  • Cooling: None
  • Zone: INR3YY
  • Parking: Carport
  • Days On Market: 43
  • Flooring: Laminate
  • LotSize SquareFeet: 8971.00

Features

Listed by

McAlpin & Company
Agent Name : Enedina Sanchez
Agent State License : 01229160

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