$5,999,950
7234 S La Cienega Boulevard Inglewood, CA 90302
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$5,999,950
Est. payment /mo
5 Beds
0.76 Acres Lot
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
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*
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
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Listed by Michael Padilla • Lyon Stahl Investment Real Estate, Inc.
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