519 N Exton AV Inglewood CA 90302 MLS #26647275

We are pleased to present 519 N. Exton Ave- now being offered for sale for the 1st time in over 40 years! (Probate Sale, with Court Confirmation) Located in North Inglewood, the property offers 6 spacious units, averaging over 1,000 sq. ft. each. The front unit is an oversized, two story, 3 bedroom, 3 bathroom townhome style unit. The other 5 units are (1) 3 bedroom, 2.5 bathroom unit and (4) 2 bedroom, 2 bathroom units, set over the parking area. The building includes 10 total parking spaces, 6 tuck under, a 2 car garage and 2 uncovered stalls. Each unit has storage available within the parking areas and access to shared laundry on site. The current income is limited (69 GRM and a true negative cap rate) as 4 units are owner occupied and the remaining Tenants are long term. However, the building can stabilize to an 6-8% CAP and 9-11 GRM, relatively quickly. Delivered with up to 4 units vacant, this is a very unique opportunity to acquire a value add building, in one of the best submarkets in Los Angeles. Located just minutes away from LAX, SoFi Stadium (Home of the Los Angeles Rams Los Angeles Chargers and the NFL’s West Coast Offices), the KIA Forum, the Intuit Dome and much more!