The Buckthorn Residences
Multifamily | 5.30% CAP | 6 Units
Marketing description
The Buckthorn Residences combines a scarce all-3BR/2BA unit mix, full occupancy and the ideal Inglewood location near all things entertainment with a strong employment base.
Income and operational upside opportunities.
Offered for sale for the first time in approximately 20 years, this 1963-built, six-unit apartment community features five townhouse-style residences and one single-level flat. Every residence offers three bedrooms and two bathrooms, with estimated unit sizes ranging from approximately 1,400 to 1,525 square feet.
The oversized, house-like layouts, washer/dryer connections, garages and carport parking distinguish the property from conventional apartment inventory. Current rents remain below the surveyed market on a per-square-foot basis, creating an opportunity to pursue targeted renovations and continued operational improvements.
Call Robyn Wonnell, KW Commercial, Multifamily Specialist for more information and to submit your offer. 951) 501-6567, [email protected] www.Socalapartmentbrokers.com
Investment highlights
- Sought after Floor Plans: all six residences are 3BR/2BA, supporting broad household appeal.
- Meaningful scale: approximately 8,550 SF of estimated residential unit area; approximately 8,748 SF reported total building area, subject to verification.
- Current performance: 100% occupancy and $17,701 in monthly scheduled rent.
- Ancillary income: approximately $570 in estimated monthly RUBS, plus parking and pet rent.
- Rent positioning: subject base rent is approximately $2.03/SF or less versus surveyed comparables at approximately $2.48-$3.70/SF.
- Location: 1-3 miles from Metro K Line, LAX, SoFi Stadium, Intuit Dome, Kia Forum and Hollywood Park all near downtown Inglewood. Close to the 105, 110 and 405.
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