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Multifamily

636 E 97th St

636 E 97th St, Inglewood, CA 90301

Listing Price: $2,750,000

Cap Rate
5.43%
Number of Units
9
Occupancy
100.0%
Price/Unit
$305,556
Price/Gross SF
$412.29
Gross SF
6,670

Investment Overview

The Weir Group of Marcus & Millichap is pleased to present 636 East 97th Street, a 9-unit investment property in Inglewood, California. The property is located between Prairie Avenue and Flower Street just off Century Boulevard in the Hollywood Park Area. This area is a solid majority-renter market with low vacancy rates. 636 East 97th Street consists of one 2 bedroom 1.5 bathroom unit and eight 1 bedroom 1 bathroom units. All of the units are separately metered for gas and electricity. The property also offers four single car garages. This offering presents a great opportunity for an investor to acquire an asset with steady cash flow in a strong rental market and capture potential upside in rents

Investment Highlights

  • Less than 500 FT from SoFi Stadium & Intuit Dome
  • Brand New $2B LA Clippers Stadium Opening in 2024
  • Massive Redevelopment & Influx of Capital within a block from Subject Property
  • Well Maintained Asset with Rents at Market
  • Attractive Cash Flow

Exclusively Listed By

Financing By

Multifamily

636 E 97th St

Listing Price: $2,750,000

Cap Rate
5.43%
Number of Units
9
Occupancy
100.0%
Price/Unit
$305,556
Price/Gross SF
$412.29
Gross SF
6,670

Investment Highlights

  • Less than 500 FT from SoFi Stadium & Intuit Dome
  • Brand New $2B LA Clippers Stadium Opening in 2024
  • Massive Redevelopment & Influx of Capital within a block from Subject Property
  • Well Maintained Asset with Rents at Market
  • Attractive Cash Flow

Investment Overview

The Weir Group of Marcus & Millichap is pleased to present 636 East 97th Street, a 9-unit investment property in Inglewood, California. The property is located between Prairie Avenue and Flower Street just off Century Boulevard in the Hollywood Park Area. This area is a solid majority-renter market with low vacancy rates. 636 East 97th Street consists of one 2 bedroom 1.5 bathroom unit and eight 1 bedroom 1 bathroom units. All of the units are separately metered for gas and electricity. The property also offers four single car garages. This offering presents a great opportunity for an investor to acquire an asset with steady cash flow in a strong rental market and capture potential upside in rents

Exclusively Listed By

Financing By

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