Description
720 N Market Street in the growing North Inglewood sub market of Los Angeles. This 16-unit multifamily asset represents a compelling opportunity to acquire a fully renovated, turnkey property with strong in-place cash flow and operational stability. This unique property has undergone major capital improvements in recent years, and is a standout in the neighborhood. Renovations include; new solar panels, all 16 units remodeled, 88 windows replaced, electrical panel upgraded, 16 sub-panels upgraded, 16 Nest thermostats, Copper re-pipe of entire building, new roof, new HVAC system, security system and gated entry. With approximately $750,000 already invested in this property, new ownership can be confident in their operations and the longevity of the asset. Located within walking distance to the new Metro Purple line, this property is strategically located for both tenants that commute and those that work in Los Angeles and the South Bay. Within a 5 mile radius employers include; LAX Airport, SpceX, Intuit Dome, KIA Forum, SoFi stadium, Northrop Grumman, Kaiser Permanente and multiple hospitals. The location of this asset cannot be overlooked, with major employers nearby and the ongoing development happening in Inglewood, this asset is truly positioned in a growing market now, and in the future. With the upcoming FIFA World Cup and the 2028 Olympic Games, 720 N Market St is located in a market that will likely reach new heights. An investor has the chance to own an already well performing asset, in a growing market, where cash flow is consistent from day one with a high potential of capital growth and increased monthly cash flow.
Details
| MLS # | PW26117557 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1964 |
| Days On Site | 162 |
| Listing Provided By | Justin White | Justin White |
Features
| SQ Feet | 13,918 |
|---|---|
| Garage | 16 |
| Story(s) | 2 |
| Units | 16 |
| Building(s) | 1 |
| Acreage | 0.29 |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Central |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Interior Features | Balcony, Storage, Unfurnished |
| Window Features | Double Pane Windows |
| Appliances | Gas Cooktop, Microwave, Solar Hot Water |
| Fireplace Yes / No | No |
Exterior
| Roof | Composition |
|---|---|
| Security Features | Fire Detection System, Fire Sprinkler System, Security Gate, Resident Manager, Smoke Detectors |
| Construction Materials | Copper Plumbing |
| Foundation Details | Slab |
| Lot Features | Sixteen To Twenty Units Acre |
Parking
| Parking Features | Assigned, Storage |
|---|---|
| Garage Yes / No | Yes |
Utilities
| Utilities | Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Connected, Water Connected |
|---|---|
| Sewer | Public Sewer |
Location
| Community Features | Street Lights, Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Inglewood |
| Zip Code | 90302 |
| Area | 101 North Inglewood |
| Listing VS Median (in 90302) | |
Price: $5,200,000 low | high Med: $799,000 sqft: 13,918 low | high Med: 1,284 $ / sqft: $374 low | high Med: $622 On site: 162 low | high Med: 79 | |
Market Activity 90302
Request a showing
Request a showing
Contact
Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Inglewood |
| Zip Code | 90302 |
| Area | 101 North Inglewood |
| Listing VS Median (in 90302) | |
Price: $5,200,000 low | high Med: $799,000 sqft: 13,918 low | high Med: 1,284 $ / sqft: $374 low | high Med: $622 On site: 162 low | high Med: 79 | |
 | $4,520,000501 Hyde ParkInglewood, CA 90302 |
