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713 Edgewood Street

Inglewood, CA 90302            

Development Opportunity

Sold At $1,850,000 

This is a very rare opportunity in a prime location. A very well maintained 8 unit building that sits on an almost 10,000 square foot lot is being sold with the adjacent SFR at 717 Edgewood, which is zoned R3 and also sits on an almost 10,000 square foot lot as well. This is the last SFR on the block. What an amaz- ing chance to get into the multifamily game and quite possibly a wonderful development opportunity in one of the hottest markets in Southern California. Were you around for the Staples Center area redevelopment? If not, then trust me you don’t want to miss out. Great lo- cation, less than 2 miles from the new Los Angeles Rams Stadium Development and inside of the Metro projects Transit Oriented Development (T.O.D.) zone, and within close proximity to the airport, freeways, entertainment and dining. This 8 unit property features Six 1 bedroom + 1 bathroom units and Two 2 bedroom + 1 bathroom units. The 2 bedroom units both possess spacious bal- conies, and two of the 1 bedroom units at the front of the building also have lovely balconies. Entire building has recently had plumbing fully redone with new cop- per pipes. Capital improvements have been made to all units with upgraded electrical. Deck also recently redone. Laundry room with well-maintained machines provide for additional income and 8 parking spaces. Both properties to be sold together. Great price for both properties.

Property Highlights

 

  • Less than 2 Miles from LA Rams stadium​

  • On-Site Parking & Laundry

  • Huge Lot

  • Non-Rent Control

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