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listing
1 of 6
Residential IncomeFor Sale
$2,800,000
228 Stepney Street
Inglewood, CA
Courtesy of Global Platinum Properties, Inc.
MLS: California Regional MLS (CRMLS)
Est. Mortgage
$14,553/mo

Value Add 13 units! 9-unit building + 4 Approved ADUs in prime Northwest Inglewood area priced at only 230k/door. Incredible Current Cap Rate of 6% and GRM of 12.3 with upside to 7.6% Cap and 10.3 GRM. Delivered with 3 vacant units for immediate upside and renovations. Excellent up and coming Inglewood location minutes from the Rams Stadium, Forum, Culver City, and Playa Vista. Approved Plans to convert the garages to 2 attached ADUs and convert a portion of the carport to 2 detached ADUs for a total of 4 ADUs. Please see Financials & Preliminary ADU Plans in the Docs section. Price/Unit, Cap Rate, & GRM are based on Total Price for sake of conservatism, which includes construction costs of ADUs. Individually metered for Gas & Electricity.

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Information courtesy of Global Platinum Properties, Inc. is subject to verification and is not guaranteed.
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