Multifamily
517 Evergreen St
517 Evergreen St, Inglewood, CA 90302
Listing Price: $4,095,000
Investment Overview
Marcus & Millichap is pleased to present to market 517 Evergreen Street, a 13-unit apartment building in Inglewood, California. This offering presents a great opportunity for an investor to acquire an asset with a strong unit mix, great Centinela Heights location, and potential to add value by developing three ADU’s (buyer to verify) and capturing 15 percent upside in current rents. 517 Evergreen Street is a 1962 construction with a desirably diverse mix of one studio, one standard one-bed/one-bath unit, six oversized one-bed/one-bath units with dens, and five two-bedroom/two-bath units. An investor could potentially develop two studio ADU’s and one one-bed/one-bath ADU (buyer to verify). The property boasts an amenities package that includes a pool, on-site laundry, ample covered parking, controlled access, and attractive landscaping. This asset is located in Inglewood’s desirable Centinela Heights neighborhood near the intersection of Centinela Avenue and La Cienega Boulevard. Tenants enjoy easy walking distance to a Smart & Final Grocery Store and convenient proximity to numerous retailers, including Ralphs, Bath & Body Works, Chipotle, Yogurtland, Ross Dress for Less, Panda Express, Chick-Fil-A, CVS, Marshalls, and many others. Furthermore, the 405 Freeway is just a mile away, making this an excellent rental option for commuters.
517 Evergreen St
Investment Highlights
- 13-Unit Apartment Building With A Mix Of 1 Studio, 1 1-Bed/1-Bath Unit, 6 Oversized 1-Bed/1-Bath Units With Dens, And 5 2-Bed/2-Bath Units
- Potential to Develop 3 ADU's (Buyer to Verify)
- 15% Upside in Current Rents
- Amenities Include a Pool, On-Site Laundry, Tuck-Under and Garage Parking, and Controlled Access
- Great Location in the Centinela Heights Neighborhood Conveniently Near Retail
Exclusively Listed By
Financing By
Listing Price: $4,095,000
Investment Highlights
- 13-Unit Apartment Building With A Mix Of 1 Studio, 1 1-Bed/1-Bath Unit, 6 Oversized 1-Bed/1-Bath Units With Dens, And 5 2-Bed/2-Bath Units
- Potential to Develop 3 ADU's (Buyer to Verify)
- 15% Upside in Current Rents
- Amenities Include a Pool, On-Site Laundry, Tuck-Under and Garage Parking, and Controlled Access
- Great Location in the Centinela Heights Neighborhood Conveniently Near Retail
Investment Overview
Marcus & Millichap is pleased to present to market 517 Evergreen Street, a 13-unit apartment building in Inglewood, California. This offering presents a great opportunity for an investor to acquire an asset with a strong unit mix, great Centinela Heights location, and potential to add value by developing three ADU’s (buyer to verify) and capturing 15 percent upside in current rents. 517 Evergreen Street is a 1962 construction with a desirably diverse mix of one studio, one standard one-bed/one-bath unit, six oversized one-bed/one-bath units with dens, and five two-bedroom/two-bath units. An investor could potentially develop two studio ADU’s and one one-bed/one-bath ADU (buyer to verify). The property boasts an amenities package that includes a pool, on-site laundry, ample covered parking, controlled access, and attractive landscaping. This asset is located in Inglewood’s desirable Centinela Heights neighborhood near the intersection of Centinela Avenue and La Cienega Boulevard. Tenants enjoy easy walking distance to a Smart & Final Grocery Store and convenient proximity to numerous retailers, including Ralphs, Bath & Body Works, Chipotle, Yogurtland, Ross Dress for Less, Panda Express, Chick-Fil-A, CVS, Marshalls, and many others. Furthermore, the 405 Freeway is just a mile away, making this an excellent rental option for commuters.
Exclusively Listed By
Financing By
