Pending
530 Venice Way
Inglewood CA, 90302
$3,300,000
$314.68 per sqft
Pending
25 Beds
14 Baths
10,487 sqft
Multi-family
Built in 1959
The subject property was built in 1959 and consists of (2) Studio / 1 Bath, (11) 2 Bed / 1 Bath, and (1) 3 Bed / 2 Bath. This is an excellent cash flow opportunity listed at a 7.19% cap rate and 9.68 grm while still offering upside potential. The building is spread out over 10,487 square feet of gross leasable area and sits on a large 15,138 square foot lot that is zoned INR3YY. The property is very well located in northwest Inglewood, just a short distance to Sofi Stadium, the Intuit Dome, and the Hollywood Park Casino development. The Fox Hills mall is located just to the north providing tenants in this area with plenty of shops, dining, and entertainment.
24-424373
MLSⓇ ID
August 7, 2024
Listed
November 22, 2024
Updated
Map
530 Venice Way
Inglewood CA, 90302
Interior Features
Total Stories
2
Bedrooms
25
Total Bathrooms
14
Appliances
None
Fireplace
No
Fireplace Description
None
Cooling
Yes
Cooling Description
Wall/Window
Heating
Yes
Heating Description
Wall
Exterior/Building Features
Lot Size
0.35 Acres
Lot Features
Lot Shape-Flag, Lot Shape-Irregular, Single Lot
Architectual Style
Mid-Century
Roof
Composition, Shingle
Other Property Details
Area Name
North Inglewood
Days on Market
33
Garage
No
Parking
Carport
Parking Total
12
View
Yes
View Description
City
County
Los Angeles
Pool
No
Pool Features
None
Zoning
INR3YY
Listed by William James with Lyon Stahl Investment Real Estate, Inc.
Listing Contact: 310-600-9858
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Nanci Isaacs | CA DRE# 01940161 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 11/22/2024
