The James Group is pleased to present 530 Venice Way, a 14 unit apartment building with excellent cash flow that is ideally situated in northwest Inglewood.
The subject property was built in 1959 and consists of (2) Studio / 1 Bath, (11) 2 Bed / 1 Bath, and (1) 3 Bed / 2 Bath. This is an excellent cash flow opportunity, while still offering upside potential. The building is spread out over 10,487 square feet of gross leasable area and sits on a large 15,138 square foot lot that is zoned INR3YY. There are 12 individual carport parking spaces. The property is very well located in northwest Inglewood, just a short distance to Sofi Stadium, the Intuit Dome, and the Hollywood Park Casino development. The Fox Hills mall is located just to the north providing tenants in this area with plenty of shops, dining, and entertainment.
With it’s excellent cap rate and in place cash flow, the building is well positioned in a market that continues to see new developments and an influx of new businesses and investments that will provide an investor continued rent growth and opportunity.
