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946 950 W Beach Avenue, Inglewood, CA 90302
$6,400,000
946 950 W Beach Avenue, Inglewood, CA 90302View this property at 946 950 W Beach Avenue, Inglewood, CA 90302
946 950 W Beach AvenueInglewoodCA90302
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Property Description
946-950 Beach Avenue is an 18-unit multifamily asset located in rapidly developing Inglewood, California. Situated on a 25,013-square-foot lot, the property offers a desirable mix of sizable units: sixteen (16) three-bedrooms and (2) two-bedrooms. Fourteen (14) units are fully renovated with new flooring, modern kitchens and baths, and upgraded fixtures throughout. Two (2) units are partially renovated with new floors. In-unit washer/dryers have been installed in eight units. The property also provides onsite laundry facilities and 27 secured parking spaces. Seismic retrofitting has been completed and new roofs were installed on both buildings in 2022. This asset is offered with an interest-only 3.650% assumable loan. The new owner will be able to take advantage of the value-add opportunity in renovating the remaining units. The property offers significant rental upside potential of approximately 12% .
Full Property Details
Full Property Details for 946 950 W Beach Ave
General
- Sold For: $6,400,000
- Status: Closed
- Type: Multi-Family
- MLS ID: PW23048120
- Added to Site: 420 day(s) ago
Rooms
Other Rooms
- Laundry: Common Area, Inside
Additional Information
- Pool Description: None
Location
- Area: 101 - North Inglewood
- County: Los Angeles
- Development Name: 101 - North Inglewood
- Driving Directions: W Centinela
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 19
- # Electric Meters: 19
Structural Information
- Square Feet: 21,420
- Year Built: 1963
Unit Information
Unit 1
- Number of Units: 16
- Total Bathrooms: 2
- Bedrooms: 3
Unit 2
- Number of Units: 2
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.5742
- Lot Size Source: Assessor
- Zoning: INR3YY
- Lot Description: 16-20 Units/Acre
Financial Considerations
- Price Per Sq. Ft.: $298.79
- Price Per Unit: 372222
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
Listed by Keller Williams - Santa Monica, Robert Stepp and KW Advisors, Mark Witsken
Sold by KW Advisors, Mark Witsken
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Schools
Schools serving 946 950 W Beach Ave
School District:Inglewood Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
1415 N La Tijera Blvd, Inglewood, CA 90302 | K-8 | 0.4 mi | |
5354 W 64th St, Inglewood, CA 90302 | K-8 | 0.7 mi | |
231 S Grevillea Ave, Inglewood, CA 90301 | 9-12 | 1.2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 946 950 W Beach Ave
Date
Details
Price
Change
Source
12/26/2023
Sold
$6,400,000
-4.48%
MLS
7/07/2023
Price Reduced
$6,700,000
-6.75%
MLS
3/24/2023
Listed
$7,185,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
946 950 W Beach Avenue, Inglewood, CA 90302 (MLS# PW23048120) is a Multi-Family property that was sold at $6,400,000 on December 26, 2023. Want to learn more about 946 950 W Beach Avenue? Do you have questions about finding other Multi-Family real estate for sale in Inglewood? You can browse all Inglewood real estate or contact a Coldwell Banker agent to request more information.