18
See all 18 photos
$1,125,000
Est. payment /mo
6 Beds
4 Baths
2,666 SqFt
New
315 W Queen ST Inglewood, CA 90301
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,666 sqft
Price per Sqft $421
MLS Listing ID 26849765
Bedrooms 6
HOA Y/N No
Year Built 1940
Lot Size 0.265 Acres
Property Description
We are pleased to present 315 W. Queen Street, a four-unit multifamily investment opportunity in the heart of Inglewood. This well-positioned property offers 2,666 SF of living space on a massive 11,548 SF lot, providing rare scale and significant long-term upside in one of Southern California's fastest-growing cities.The building features a desirable unit mix of two 2-bed / 1-bath units and two 1-bed / 1-bath units. The property is fully occupied, generating $7,776 per month in gross income and priced at a 6.0% cap rate, delivering stable, in-place cash flow from day one. The exceptionally large lot also offers compelling potential for additional development, including ADUs, to further enhance income and value. Located in the epicenter of Inglewood's transformation, the property sits minutes from SoFi Stadium, the Intuit Dome, the Kia Forum, and the forthcoming Inglewood Transit Connector, with LAX and major employment hubs close by. As the city continues to attract billions in investment and prepares to host marquee global events, this is a prime opportunity to acquire a high-quality, value-add asset in a market on the rise.
Location
State CA
County Los Angeles
Area 101 - North Inglewood
Zoning INR4*
Interior
Fireplace No
Appliance Refrigerator, Dryer, Washer
Exterior
Parking Features Garage
Total Parking Spaces 5
Building
Story 2
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 4020007033
Special Listing Condition Standard
Listed by Davis Saadian Keller Williams Hollywood Hills #01921748