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720 N Market St, Inglewood, CA, 90302

32beds
27baths
13,918sqft
$5,500,000
$395price/sqft
$34,786/moest. monthly cost
$1,391,440/yrincome needed

About This Home

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.

Getting Around

90
WalkingWalker's Paradise
52
TransitGood Transit
46
BikeSomewhat Bikeable

Schools

6/10
3/10
Inglewood High SchoolGrades 9-120.8 mi

Construction

Condition

  • Property condition: Turnkey
  • Year built: 1964

Materials

  • Foundation: Slab
  • Roof: Composition
  • Construction materials: Copper Plumbing

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Gas Cooktop,Microwave,Solar Hot Water
  • Laundry features: Common Area

Bedrooms & Bathrooms

  • Bedrooms: 32
  • Bathrooms: 27

Features

  • Balcony,Storage,Unfurnished
  • Window features: Double Pane Windows
  • Fireplace features: None
  • Common walls with other units/homes: 2+ Common Walls

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total structure area: 13,918
  • Total interior livable area: 13,918 sqft

Property

Details

  • Parcel number: 4016010002
  • Attached to another structure: Yes
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Entry location: West
  • Pool features: None

Lot

  • Lot size: 0.29 Acres
  • Features: 16-20 Units/Acre

Parking

  • Total spaces: 16
  • Parking features: Assigned,Storage
  • Has garage: Yes
  • Attached garage spaces: 16
  • Covered spaces: 16