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218 Buckthorn Street
Inglewood, CA 90301
Sold
218 Buckthorn Street
Inglewood, CA 90301
Sold
7 Units including a large detached front House with its own private yard. Cash flowing at an incredible Current Cap Rate of 5% and 13.6 GRM in prime Inglewood. Priced at only 235k/door and 334/SF and delivered with 1 vacant unit for immediate lease-up and upside. Amazing 45% upside to 8% Cap Rate and 9.4 GRM on Proforma. The 7th studio unit is non-conforming but it has been rented and occupied for the past ~10 years and can be legalized as an ADU. Excellent unit mix of 1 large 1,346 SF (2bed/2bath) front house, 6 (1bed/1bath) units, and 1 (studio/1bath) unit. The property features large units with private balconies, decks, and garages with the potential to reconfigure the layouts, creating additional beds and maximizing rent potential. Large 9,660 SF Lot with ample parking and garages with preliminary plans to add 1 Attached ADU and 2 Detached ADUs. The property features many upgrades such as dual-pane windows, brand-new roofs, an updated electrical system, exterior renovations, as well as interior renovations for the vacant unit. Prime Inglewood location just minutes away from SOFI stadium, the Entertainment District at Hollywood Park; the new Intuit Dome; and just one mile from SpaceX & Tesla Design Center; plus conveniently situated near several freeways and 15 minutes from the beach! Inglewood is exempt from LA City Rent Control and currently allows incredible 7.9%-10% Annual Increases!
PROPERTY INFORMATION
| MLS # | 23257851 | Lot Size | 9,636 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 1,650,000
Price Per SqFt: $ 334 |
DOM | 892 Days |
| Address | 218 Buckthorn Street | Type | Residential Income |
| City | Inglewood | Sq.Ft. | 4,936 Sq. Ft. |
| Postal Code | 90301 | Garage | N/A |
| County | Los Angeles | Year Built | 1958 |
| Bed / Bath | 7 / 0 | Parking | 6 |
| Built In | 1958 | Status | Closed |
| Sold Date | 2023-05-06 |
INTERIOR FEATURES
| Has Appliances | Yes |
| Kitchen Appliances | Refrigerator |
| Has Heating | Yes |
| Heating Information | Wall Furnace |
EXTERIOR FEATURES
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,760
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 05/06/2023 | Sold | $1,610,000 |
| 04/06/2023 | Listed | $1,650,000 |
Topfind Realty
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(844)-333-8033
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Listing provided courtesy of Julio Ruiz, Global Platinum Properties, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
