Unique value add opportunity to purchase an incredibly well-maintained asset with true upside potential being offered for sale for the f irst time in nearly 30 years! Pride of ownership nine-unit complex located in Northwest Inglewood only blocks f rom Ladera Heights and walking distance to Amazon Fresh, Chipotle and Starbucks. Property is comprised of (1) 3BD/2.5BA, (1) 2BD/1BA, (7) 1BD/1BA units, an on-site laundry facility, nine on-site parking spaces and a common area pool for tenants to enjoy.  

Current ownership has meticulously maintained the property over the years renovating eight out of nine units between 2009 and 2021 as they turned over, but rents remain approximately 40% below market even after the most recent rent increases in 2022. Some exterior improvements f rom 2013 – 2022 include pool resurfacing, pool drainage to code, pool deck resurfacing, roof replacement in 2014/19, new handrails & entry gate, common washer/dryer replacement, deck/walkway resurfacing, concrete leveling, LED lighting in the carport area and new exterior paint.

In January 2025, the city’s rental increase limits will be aligned with the State of CA at 5% plus CPI, allowing a new owner the ability to bring rents up to market more quickly