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29241510
29241512

700 Vesta St, Inglewood, CA 90302 For Sale

VJ
CA DRE# 01905917, CA DRE# 01413466
Ingenious Asset Group, Inc.
Listed by Ingenious Asset Group, Inc.
$1,100,000
185 days on market
Updated 12 days ago

700-702 W Vesta St, Inglewood, CA 90302

Details
APN 4018-002-018
Property Type Industrial, Mixed Use
Sub Type Manufacturing
Square Footage 2,716
Net Rentable (SqFt) 2,716
Units 3
Cap Rate 4.6%
NOI $50,581
Occupancy 33%
Tenancy Multi
Lease Type Gross
Pro-Forma Cap Rate 5.6%
Pro-Forma NOI $61,560
Price per SqFt $405
Year Built 1953
Buildings 2
Stories 1
Lot Size (SqFt) 4,861
Zoning INM1*
Investment Type Owner/User
Ground Lease No

High-Potential Mixed-Use Property in Booming Inglewood Corridor

Marketing description

Probate Sale, subject to Court Confirmation and overbidding in Court. For Sale AFTER 69 years! Single-story mixed-use building featuring two (2) commercial units and one (1) residential unit totaling approx. 2,716 SF, situated on a 4,861 SF lot in a prime Inglewood. One commercial unit and a residential unit are currently vacant, while the other commercial unit is leased on a Month-to-Month basis, with tenant paying $1,050 per month. Each of the three units has its own separate gas and electricity meters. Positioned on the corner of Vesta St. and W Hyde Park Blvd., the property offers convenient access to I-405 and I-105. The property is zoned INM1 and provides flexibility for business operations and residential use. Located just minutes from LAX, SOFI stadium, Inglewood Forum, with close proximity to retail, restaurants, and several service providers. Ideal for owner-user or investment. Sold AS IS and WHERE IS, with all faults, and without warranty, express or implied and with current tenants in place. Seller is a Court appointed fiduciary and cannot make any representations as to the condition, history of the subject property.

Investment highlights

Probate Sale, subject to Court Confirmation and overbidding in Court.

For Sale AFTER 69 years!

Single-story mixed-use building featuring two (2) commercial units and one (1) residential unit

Positioned on the corner of Vesta St. and W Hyde Park Blvd.

Ideal for owner-user or investment.

Located just minutes from LAX, SOFI stadium, Inglewood Forum, with close proximity to retail, restaurants, and several service providers.

Listing Contacts

VJ
CA DRE# 01905917, CA DRE# 01413466
Ingenious Asset Group, Inc.
Listed by Ingenious Asset Group, Inc.

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$50,581.00
$4,215.08/mo

Valuation Metrics

0
DSCR
4.6%
Cap Rate
4.6%
ROI

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