Sold
228 Stepney Street
Inglewood CA, 90302
$2,848,000
$381.56 per sqft
Sold
20 Beds
15 Baths
7,464 sqft
Residential
Built in 1962
Listed by Julio Ruiz with Global Platinum Properties, Inc. 818-524-0706
Huge 200k Price Reduction! Once-in-lifetime opportunity to acquire a 100% Vacant, 9 Unit building with 4 RTI ADUs (under construction) priced at only 276k/door in PrimeNorthwest Inglewood. Incredible current Cap Rate of 7% and 10.9 GRM after renovations. All vacant units are under renovation so buyers can complete them to their own taste and finishes and get top market rents. (Most of the rough construction and heavy lifting have been done). Excellent up-and-coming Inglewood location minutes from the Rams Stadium, Forum, Culver City, and Playa Vista. Individually metered for Gas & Electricity. Approved Plans to convert the garages to 2 attached ADUs and a portion of the carport to 2 detached ADUs for a total of 4 ADUs. Price/Unit, Cap Rate, & GRM are based on Total Price for sake of conservatism, which includes the remaining construction costs of 4 RTI ADUs 1,000 SF at 200/SF (200k).
23236697
MLSⓇ ID
January 27, 2022
Listed
March 23, 2024
Updated
Map
228 Stepney Street
Inglewood CA, 90302
Interior Features
Total Stories
2
Bedrooms
20 Beds
Bathrooms
15 Baths
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.23 Acres
Architectual Style
Traditional
Other Property Details
Area Name
101 - North Inglewood
Days on Market
420
Garage
No
Parking
Uncovered
Parking Total
9
View
No
County
Los Angeles
Pool
No
Zoning
INR3YY
Buyer Agency Compensation
2.5%
Listing History
Date | Event | Price |
---|---|---|
5/30/2023 | Price Change | $2,848,000 -17% |
5/30/2023 | Sold | $2,848,000 |
Listing Contact: 818-524-0706
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Data last updated on 3/23/2024 at 1:16 AM UTC