Pending

530 Venice Way

Inglewood CA, 90302

$3,300,000


$314.68 per sqft

Pending

25 Beds

14 Baths

10,487 sqft

Multi-family

Built in 1959

The subject property was built in 1959 and consists of (2) Studio / 1 Bath, (11) 2 Bed / 1 Bath, and (1) 3 Bed / 2 Bath. This is an excellent cash flow opportunity listed at a 7.19% cap rate and 9.68 grm while still offering upside potential. The building is spread out over 10,487 square feet of gross leasable area and sits on a large 15,138 square foot lot that is zoned INR3YY. The property is very well located in northwest Inglewood, just a short distance to Sofi Stadium, the Intuit Dome, and the Hollywood Park Casino development. The Fox Hills mall is located just to the north providing tenants in this area with plenty of shops, dining, and entertainment.

24-424373

MLS ID

August 7, 2024

Listed

October 2, 2024

Updated

Map

530 Venice Way
Inglewood CA, 90302

Interior Features

Total Stories

2


Bedrooms

25


Total Bathrooms

14


Appliances

None


Fireplace

No


Fireplace Description

None


Cooling

Yes


Cooling Description

Wall/Window


Heating

Yes


Heating Description

Wall

Exterior/Building Features

Lot Size

0.35 Acres


Lot Features

Lot Shape-Flag, Lot Shape-Irregular, Single Lot


Architectual Style

Mid-Century


Roof

Composition, Shingle

Other Property Details

Area Name

North Inglewood


Days on Market

33


Garage

No


Parking

Carport


Parking Total

12


View

Yes


View Description

City


County

Los Angeles


Pool

No


Pool Features

None


Zoning

INR3YY

Listed by William James with Lyon Stahl Investment Real Estate, Inc.
Listing Contact: 310-600-9858 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Robert Edie shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 10/2/2024

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