Inglewood, CA 90301,917 Kenwood ST
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Inglewood, CA 90301,917 Kenwood ST
Inglewood, CA 90301,917 Kenwood ST
Inglewood, CA 90301,917 Kenwood ST
Inglewood, CA 90301,917 Kenwood ST

$2,650,000

Est. payment /mo
Est.Price: ?

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917 Kenwood ST Inglewood, CA 90301

8,086 SqFt

SOLD DATE : 10/30/2023

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

Square Footage 8,086 sqft

Price per Sqft $312

MLS Listing ID SB23166237

Year Built 1988

Lot Size 8,969 Sqft

Property Description

We are pleased to present 917 Kenwood Street, Inglewood, a tremendous value-add opportunity.
This 8-unit investment is nestled in a prime residential neighborhood within the trending community of Inglewood. All the units are spacious 2-bedroom / 1 bath, (+/- 1,010 square feet). The in-place rent rates average $1,860 monthly / $1.84 per sq.ft. With approximately 35% in rental upside, there is ample room to increase revenue in line with the growing demand of Inglewood's thriving rental market.
Recent improvements include brand-new A/C systems, upgraded electrical systems and double-pane windows, ensuring energy efficiency and tenant comfort. The building features an on-site laundry facility (operating on a month-to-month contract), gated entries, and ample parking - two parking spaces per unit. Each unit is equipped with a separate gas and electric meter. The ideal location is near to an array of shops, dining, major entertainment, recreation options, transportation, and employment.
Whether you're a seasoned investor looking to expand your portfolio or seeking to enter the market, this 8-unit investment offers a blend of upgrades, strategic location, and the ability to increase rental income. A perfect combination of stability and growth potential.

Location

State CA

County Los Angeles

Area 102 - South Inglewood

Zoning INR3YY

Rooms

Ensuite Laundry Common Area

Interior

Laundry Location Common Area

Heating Central

Cooling Central Air

Flooring Carpet, Laminate, Tile

Fireplaces Type None

Laundry Common Area

Exterior

Exterior Feature Lighting

Garage Assigned, Controlled Entrance, On Site

Garage Spaces 16.0

Garage Description 16.0

Pool None

Community Features Curbs, Gutter(s), Storm Drain(s), Street Lights, Suburban, Sidewalks, Gated, Park

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N No

View None

Roof Type Shingle

Building

Lot Description Front Yard, Sprinklers In Front, Near Park

Story 3

Sewer Public Sewer

Water Public

New Construction No

Others

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Michael McKinney • Lyon Stahl Investment Real Estate, Inc. • 310-880-2900
Bought with Mona Flaum • Pinnacle Estate Properties, Inc.

Scott Goshorn

Director- Luxury Estates | License ID: 01964409

+1(323) 251-5479

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