11142 S Prairie Avenue

    Inglewood, CA 90303
    • $519,000
    • STATUS: Active
    • ON SITE: 41 days
    • ID#: PV19236599
    UPDATED: 21 min ago
    $519,000
    • 0
      BEDS
    • 0.09
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,200
      SQFT
    • $433
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1945
    County:

    School Ratings & Info

    Description

    Unique Opportunity to own 2 separate detached dwellings on one Commercially Zoned Lot just a few short blocks from the new NFL Stadium. Live in one collect rent from the other, or not,...rent out both, or re-develop a commercial site, demo would be relatively lite, a lot of possibilities.Owner states he has invested approximately 50k in new electrical, roofs, paint and resurfacing the driveway since purchased. Location is great for commuters, or commercial, literally a 10 second jump onto the 105 East or West, straight up Prairie to enjoy all the "New Goings on" soon to be completed around the new Stadium complex. We hear there are plans for a new Hilton Hotel to be built directly across the street, this is a neighborhood in transition. Check it out! Commercial Financing is in place, most likely 30-50% down or all cash, depending on buyers situation.Front house, Front Bedroom currently no closet. Expenses and Proforma are estimates only, buyer to conduct own due diligence. Front house is owner occupied, rear unit has long term elderly tenant living there. Property falls under City of Inglewood Rent Control Ordinance. Google up following link for Rent COntrol Info:https://la.curbed.com/2019/6/12/18661454/inglewood-rent-control-approved****Income/Expenses are proforma****

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-16T15:31:05.16. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Pam Spadafore & Associates | Coldwell Banker Residential Brokerage. Licensed in the State of California, USA.
    www.coastalhomesoc.com/homes/99643411

    11142 S Prairie Avenue Inglewood, CA 90303

    • Price: $519,000
    • Status: Active
    • Updated: 21 min ago
    • ID#: PV19236599
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.09
    Acres
    1,200
    SQFT
    $433
    $/SQFT
    1945
    Built
    Neighborhood:
    102 - South Inglewood
    County:
    Los Angeles
    Area:
    102 - South Inglewood
    Property Description
    Unique Opportunity to own 2 separate detached dwellings on one Commercially Zoned Lot just a few short blocks from the new NFL Stadium. Live in one collect rent from the other, or not,...rent out both, or re-develop a commercial site, demo would be relatively lite, a lot of possibilities.Owner states he has invested approximately 50k in new electrical, roofs, paint and resurfacing the driveway since purchased. Location is great for commuters, or commercial, literally a 10 second jump onto the 105 East or West, straight up Prairie to enjoy all the "New Goings on" soon to be completed around the new Stadium complex. We hear there are plans for a new Hilton Hotel to be built directly across the street, this is a neighborhood in transition. Check it out! Commercial Financing is in place, most likely 30-50% down or all cash, depending on buyers situation.Front house, Front Bedroom currently no closet. Expenses and Proforma are estimates only, buyer to conduct own due diligence. Front house is owner occupied, rear unit has long term elderly tenant living there. Property falls under City of Inglewood Rent Control Ordinance. Google up following link for Rent COntrol Info:https://la.curbed.com/2019/6/12/18661454/inglewood-rent-control-approved****Income/Expenses are proforma****
    Exterior Features

    Fence YN Yes Fencing Wood Lot Features 0-1 Unit/AcreFront YardLevel With StreetNear Public Transit Lot Size Source Assessor Lot Size Units Square Feet Roof Rolled/Hot MopTar/Gravel

    Interior Features

    Condo Area Units Square Feet Laundry Features Inside

    Property Features

    Additional Parcels YN No Asset Class Multi-Family Building Area Units Square Feet Building Status Existing Business Type Multi-Tenant Country Us Electric Standard Gross Scheduled Income 30000.00 Insurance Expense 1500.00 Laundry YN Yes Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 19633.00 Operating Expense 10367.00 Property Sub Type Multi Family Special Listing Conditions Standard Total Expenses 10367.00 Trash Expense 900.00 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedPhone AvailableSewer Connected Water Sewer Expense 1200.00 Water Source Public

    Listing provided courtesy of George Takis of Vista Sotheby's Int'l Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-16T15:31:05.16. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Pam Spadafore & Associates | Coldwell Banker Residential Brokerage. Licensed in the State of California, USA.
     
    Pam Spadafore & Associates | Coldwell Banker Residential Brokerage
    31582 Coast HWY
    Laguna Beach CA, 92651