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629 Hardin DR Inglewood, CA 90302
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Key Details
Sold Price $1,620,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CRPW23206291
Sold Date 03/12/24
Originating Board California Regional MLS
Year Built 1956
Lot Size 8,886 Sqft
Property Description
Substantially improved 5 unit apartment building in Northwest Inglewood with the ability to construct a 3 bed 2 bath ADU in the tuck under garages. Soft story retrofit work has already been completed. Phenomenal unit mix consisting of (5) 2 bed 1 bath units, two with large gated yards. 5 garage spaces with 5 additional uncovered spaces. Three units have been completed gutted and feature interior W/D units, new vinyl windows, plumbing and electrical upgrades, quartz counters, and new appliances. 5.35% CAP rate on actual financials adjusting for property taxes. 6.40% pro form CAP rate after renovating the remaining two original units. Potential 7.15%+ CAP rate after constructing an ADU.
Location
State CA
County Los Angeles
Area 101 - North Inglewood
Interior
Laundry Other
Exterior
Garage Assigned Spaces
Garage Spaces 10.0
Pool None
Building
Water District - Public
Others
Tax ID 4017034005
Special Listing Condition Not Applicable
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Bought with Scott Harvey