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Brian Aarestad, Sales Associate
SOLD
$2,500,000
Date 02/14/2024

869 Glenway Drive
Inglewood, CA 90302

Apartment
Residence
7,145
Sqft
0.3573
Lot Size
Listing Agent: John Chelius CalDRE: 01936287 - Property Works RE, Inc., 310-722-0360

Description for 869 Glenway Drive Inglewood, CA 90302

Substantially improved 8 units in Northwest Inglewood including new 2 bed 2 bath ADU. Phenomenal unit mix of (7) 2 bed 1 bath units with private gated yards and (1) 2 bed 2 bath ADU. All eight units have interior washer/dryer connections. New 600 amp electrical service. 12 total parking spaces and the ability to construct an additional one bed ADU in the remaining three garage spaces. Five of eight units have been fully renovated including plumbing and electrical upgrades, new vinyl windows, and wall mounted AC units. 5.27% cap rate on actual financials, adjusting for property taxes. 6.50% pro forma cap rate after renovating the remaining three original units.

Property Details

PW23206155
Apartment, 2 Story
Los Angeles
1956
0.3573 Acres
Public
2
Public Sewer
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Listing Agent: John Chelius CalDRE: 01936287 - Property Works RE, Inc., 310-722-0360
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Brian Aarestad Dean Stalter, Broker DRE# 00625377 - 2355 Northside Drive Ste. 180, San Diego, CA 92108 | Phone: (858) 525-3262 | Email: baarestad@bhhscal.com

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