940 Larch Street 940 Larch Street Inglewood, California 90301 United States
940 Larch Street Inglewood, California 90301 United States
$5,199,000
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A value-add, 18 unit investment in a location 'on the come'.... in the shadow SoFi Stadium, America's highest grossing concert venue in 2023. Grossing $175MM and also employing 2,600 event day employees. SoFi is next door to the West Coast...
- 23
- Bedrooms
- 12,665 Sq Ft.
- Interior
- .4222 Acres
- Exterior
- Residential Income
- Property type
- 1959
- Year Built
- 24379261
- Web Id
- 24379261
- MLS ID
- 24
- days ago
About 940 Larch Street
A value-add, 18 unit investment in a location 'on the come'.... in the shadow SoFi Stadium, America's highest grossing concert venue in 2023. Grossing $175MM and also employing 2,600 event day employees. SoFi is next door to the West Coast Headquarters of the NFL - 1,000 local employees and $20B in 2023 revenue. Next to that, the YouTube Theater - and The Forum, 5 minutes to the North and the new, $2B Intuit Dome, 5 minutes to the South. Lastly, the subject property is a block from Centinela Hospital, with 1,332 employees. Forgot to mention, the 57,000 badge holders at LAX, nearby, as well. The building has a secured-access, renovated lobby, leading to a landscaped courtyard. In addition, there are newer windows throughout. Secured-access, carport parking, in rear. Thirteen 1s, Five 2s, 13K sq. ft. on a massive, 18K+ footprint. 5% cap from the jump. The building is a 'No Brainer' operationally and affords you a path toward a 6.5% market cap rate. EXCLUSIVELY LISTED AT $5,199,000.
Listing Courtesy of Brice Head, CBRE, Inc., 01330706, Active
The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.
Listing Courtesy of Brice Head, CBRE, Inc., 01330706, Active
The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.
features
- cooling
- Propane Heating
- Parking
- Car Port
PROPERTY INFORMATION
- Heating
- WallFurnace
- Parking Description
- Carport
ADDITIONAL INFORMATION
- Number of Units
- 18
Listing Courtesy of CBRE, Inc.