949 N Cedar Street, Inglewood, CA 90302
949 N Cedar Street, Inglewood, CA 90302
949 N Cedar Street, Inglewood, CA 90302
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$3,100,000
Est. payment /mo
8,681 SqFt
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Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 8,681 sqft

Price per Sqft $357

MLS Listing ID CL26848517

HOA Y/N No

Year Built 1948

Lot Size 0.637 Acres

Acres 0.6369

Property Sub-Type Other

Property Description

All rents are based off of Sept increases. We pleased to present the exclusive offering of 949 N Cedar St, a rare multifamily investment opportunity located in the highly desirable North Inglewood submarket. The property consists of 11 bungalow-style units spread across seven separate structures on an expansive 27,744 square foot lot. Originally constructed in 1948, the property features ten spacious 2-bedroom/1-bath units and one non-conforming 1-bedroom/1-bath unit, creating a unique low-density apartment community rarely found in today's market. A major amenity of the property is its abundant parking and resident-friendly unit features. Each 2-bedroom unit includes a private one-car garage along with an additional open parking space directly behind the garage. The property also features ample additional open parking throughout the rear of the lot. Additionally, all units are equipped with in-unit washer and dryer hookups, a highly desirable amenity that continues to drive tenant demand and retention. Situated in a prime North Inglewood location just off Centinela Avenue, the property benefits from convenient access to major employment centers, transportation corridors, and Inglewood's ongoing redevelopment.

Location

State CA

County Los Angeles

Zoning INP1VV

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Appliance Dryer

Laundry Dryer, Washer

Building

New Construction No

Others

Tax ID 4017005030


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Bridge MLS
Listed by John Katnik • BRC Advisors- BH

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949 N Cedar Street