3213 Bartdon Ave Immeuble residentiel 4 lots 1 335 139 € (333 785 €/Lot) Taux de capitalisation 6,28 % Inglewood, CA 90303

ASSET
Fourplex apartment in Inglewood. The asset is comprised of (2) 4-bedroom/2-bathroom units and (2) 2-bedroom/1-bathroom units. The property has been renovated with the City of Inglewood/LAX Sound Insulation Program and features newer soundproof doors and windows, new HVACs and upgraded electrical.
All 4 units were renovated in 2018 and include quartz counters, upgraded bathrooms, ceiling fans and engineered wood flooring. Each unit has newer tankless water heaters (2019) and the plumbing system was substantially replaced in 2019. Furthermore, the property is gated and features new electrical, on-site laundry facility and total of 5 parking spaces plus a small storage garage. The large lot and parking areas present a desirable opportunity to add ADUs. There are plans in place to convert the carport area into a 3-bedroom/2-bathroom ADU (Buyer to verify).

LOCATION
The asset is located less than 1 mile from Intuit Dome, SoFi Stadium, Hollywood Park Casino, Cosm Los Angeles, Cinepolis Luxury Cinemas, Youtube Theatre and upcoming $1 Billion Inglewood Transit Connector project. The property is also located within a few blocks of many retail shops and shopping centers of Century Boulevard including, Costco, In-N-Out Burger, Aldi, Target, Home Depot and The Village at Century Shopping Center.

FINANCIALS
3213 Bartdon Avenue has strong in-place income with a current cap rate of 6.28% and current GRM of 11.23. The asset also provides upside potential in rents with a pro-forma cap rate of 7.33% and pro-forma GRM of 10.01. The property is residential asset which qualifies for residential financing.