905 Victor Avenue, Inglewood, California 90302, Inglewood, 90302 - bed, bath

905 Victor Avenue, Inglewood, California 90302 home-pic-0
ACTIVE$1,625,000
905 Victor Avenue, Inglewood, California 90302
0Bed
0Bath
4,335Sqft
6,255Lot
Year Built
1964
Close
-
List price
$1.63M
Original List price
$1.63M
Price/Sqft
$375
HOA
-
Days on market
-
Sold On
-
MLS number
SB25037494
Home ConditionFair
Features
View-

About this home

We found 2 Cons,3 Pros. Rank: price - $1.62M(67th), sqft - 4335(67th), beds - undefined(50th), baths - undefined(50th).

We are pleased to present 905 Victor Avenue, a stabilized 4-unit building located in the most desirable Northwest pocket of Inglewood. The property exceeds 4,300 sq ft and is situated on a large 6,255 sq ft lot with a strong unit mix of all 3-bedroom and 2-bedroom units. Operating at a 5.45% actual CAP rate and 12.78 GRM, the monthly gross income is over $10,500 with upside rent potential. Three of the four units have been completely renovated and two units are eligible for an 8.9% rental increase. Additional features include six carport spaces in the rear and on-site laundry, both providing supplemental income. Investors and owner-users will benefit from the steady income from the property and rising tide of large-scale developments in the City including SoFi Stadium, Hollywood Park, Inuit Dome, and the Inglewood Transit Connector.

Price History

Date
Event
Price
04/18/19
Sold
$1,380,000
Condition Rating
Fair

The property was built in 1964. The listing states that three of the four units have been completely renovated. Based on the images, the renovated units have updated kitchens and bathrooms, but the overall style is somewhat dated. Given the age of the building and the partial renovation, a 'fair' condition score is appropriate. Some components are updated, but the property has not undergone a full recent renovation.
Pros & Cons

Pros

Strong Income Potential: The property operates at a 5.45% CAP rate and 12.78 GRM with a monthly gross income over $10,500, presenting a solid investment opportunity.
Value Add Opportunity: Two units are eligible for an 8.9% rental increase, and there is overall upside rent potential, allowing for increased revenue.
Prime Location: Located in the desirable Northwest pocket of Inglewood, benefiting from proximity to SoFi Stadium, Hollywood Park, and the Inglewood Transit Connector.

Cons

Year Built: The property was built in 1964, which may require ongoing maintenance and potential upgrades to meet modern standards.
Competition: The rising tide of large-scale developments in the city may also bring increased competition from newer, more modern rental properties.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state