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517 E 97th ST Inglewood, CA 90301
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Key Details
Sold Price $1,625,000
Property Type Residential Income
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID IV25193737
Year Built 1962
Lot Size 8,982 Sqft
Property Sub-Type Apartment
Property Description
PRICED TO SELL ...INTRODUCING THIS JEWEL TO THE MARKET
Investment Opportunity – 9-Unit Building in Inglewood
517 E 97th St presents a rare value-add opportunity in the rapidly growing city of Inglewood. This 9-unit multifamily property currently has 8 vacant units ready for renovation and repositioning, with 1 units occupied, providing immediate rental income. Additional features include 9 garages (5 enclosed and 4 open) and a community laundry room. Gated entrance front and back ,
The property is ideal for experienced investors or developers seeking a project with significant upside potential. With renovations and leasing, the building offers strong cash flow possibilities in a high-demand rental market. There are no lease agreements * for the 2 occupied units.
Conveniently located blocks from ,Intuit Dome Sofi Stadium, Hollywood Park, LAX, and major transportation corridors.
Location
State CA
County Los Angeles
Area 102 - South Inglewood
Zoning INR3YY
Interior
Cooling Electric
Laundry Common Area
Exterior
Parking Features Garage
Garage Spaces 9.0
Garage Description 9.0
Pool None
Community Features Sidewalks
View Y/N No
View None
Building
Lot Description 6-10 Units/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Notice Of Default
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Bought with DIANE DIVINITY KELLER WILLIAMS PREMIER PROPERTIES
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