845 Victor Ave, Inglewood, CA
Renovated 10-Unit Apartment Building in Inglewood’s Desirable Centinela Heights Neighborhood
Great Mix of Nine Two-Bed/One-Bath Units and One Three- Bed/Two-Bath Unit
20 Percent Potential Upside in Rents
Property Boasts Renovated Units, Upgraded Electrical, a New Carport, New Laundry Room, and Newer Roof
Assumable Financing May Be Available: Loan Has Three Years Remaining Fixed at 3.4% | Outstanding Loan Balance ~$1.5M
845 Victor Ave
List Price: $2,595,000
Cap Rate: 5.90%
The Bogie Group of Marcus & Millichap is pleased to present to market 845 Victor Avenue, a 10-unit apartment building in Inglewood, California. This offering is a great opportunity for an investor to acquire a renovated asset with a great unit mix and 20 percent rental upside in the desirable Centinela Heights neighborhood.
845 Victor Avenue consists of nine two-bedroom/one-bath units and one three-bedroom/two-bath unit. The three-bedroom unit, which is currently vacant, boasts a fireplace and in-unit laundry hookups. The property also features a shared laundry room, carport parking, and separate gas and electric meters.
This asset boasts several major recent improvements: all units were renovated in the past year, the electrical system was upgraded in 2022, the brand new carport and laundry room were also built in 2022, and a new roof was installed in 2016.