11142 S Prairie Avenue, Inglewood, CA 90303

$519,000
1,200
SqFt
List Price
$519,000
Status
ACTIVE
MLS#
PV19236599
Year Built
1945
Living Sq. Ft
1,200
Days on Market
9
Property Type
Commercial
Property Sub Type
Multi Family

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****

Additional Information

Roof
Rolled/Hot Mop, Tar/Gravel
Water
Public
Total Number of Units
2

Mortgage Calculator

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Calculator source: Real Geeks

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

Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.