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3321 W 74th Los Angeles, CA 90043
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Key Details
Sold Price $3,075,000
Property Type Residential Income
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB26064661
Year Built 1960
Lot Size 0.310 Acres
Property Sub-Type Apartment
Property Description
The subject property is a two story walkup apartment complex consisting of two 10 unit buildings on one parcel. The buildings were constructed in 1960 and have an equal mix of 1 and 2 bedroom units. There is a laundry room onsite and parking for 20 vehicles. The property and improvements have been well maintained by long term ownership, and there is significant upside in rental income as units turnover. The adjacent property at 7324 Crenshaw Blvd, is a 10 unit apartment building and is being offered for sale by the same ownership as a portfolio.
The property is well located just 7 minutes east of the thriving entertainment district of Inglewood which features SoFi Stadium, The Kia Forum, Intuit Dome, YouTube Theatre, Hollywood Park Casino and a multitude of dining options. Even closer to the property are Centinela Hospital, Target, Costco, Home Depot and is 30 minutes from Downtown LA. The area is densely populated which results in a strong rental market.
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Interior
Laundry Common Area
Exterior
Pool None
Community Features Urban
Building
Lot Description 36-40 Units/Acre, Rectangular Lot
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
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Bought with Stephen Lampe Re/Max Commercial & Investment
NEARBY SCHOOLS & BUSINESSES
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