Inglewood, CA 90302 811 Austin Ave

$5,999,999

12 more

Presented By: Michael Padilla with Lyon Stahl Investment Real Estate, Inc.; 310-420-2541

MLS# SB24065682
04/04/2024

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Beds • 28
Baths • 5
SQFT • 17,196
Garage • 10

Home Details

811 Austin Ave & 7234 S La Cienega Blvd are a wonderful opportunity to purchase a corner lot (two parcels totaling 33,173 sqft). The buildings are composed of 18 units with a mix of (8) 2Bed+2Bath+Den, (2) 2Bed+1Bath and (8) 1Bed+1Bath units. 811 Austin Ave is an eight unit building currently collecting $20,210/gross monthly. 7234 S La Cienega Blvd is a ten unit building with 5 units available for immediate rental upside! Add three ADU's*. Take advantage of this future development opportunity while collecting income - offset cost of development! Build 30 units by right or increase unit amount with affordable housing density bonuses.* Beneficial to the new buyer, the subject properties are located 10 minutes away from the brand new SoFi Stadium, Intuit Dome, Kia Forum and Hollywood Park Development. Build in one of the fastest growing pockets in Los Angeles! **Buyer to confirm information. See Listing Supplements (OM)

Presented By: Michael Padilla with Lyon Stahl Investment Real Estate, Inc.; 310-420-2541

Interior Features for 811 Austin Ave

Other Interior Features

Air Conditioning Y/NNo

Basement (Y/N)No

Common WallsItem2CommonWalls

Electric On Property Y/NNo

Fireplace Y/NNo

Heating Y/NNo

Laundry FeaturesCommonArea

Total Stories2

Other Rooms

Entry Level1

General for 811 Austin Ave

Additional Parcels Description4017021013

Additional Parcels Y/NYes

Attached Garage No

Building Area UnitsSquareFeet

Carport Spaces8.0

Carport Y/NYes

CityInglewood

Community FeaturesUrban

CountyLos Angeles

Days on Market1

DirectionsFrom 405 South: Exit La Cienega, Turn Right on Industrial Ave. Left On Austin Ave.

ElectricStandard

Electric Expense0.0

Entry LocationAustin Ave

Expected Active Date 2024-04-08

Fuel Expense0.0

Garage Spaces10.0

Garage Y/NYes

Green Water ConservationWaterSmartLandscaping

Gross Income416580.0

HOA0.0

HOA / Comm AssnNo

Home Warranty Y/NNo

Insurance Expense0.0

Land Lease Y/NNo

Lease Considered Y/NNo

Lease Renewal Y/NNo

LevelsTwo

Listing TermsCashtoExistingLoan, CashtoNewLoan, OwnerMayCarry

Lot Size Square Feet33173.0

MLS Area101 - North Inglewood

MobileHomeRemainsYNNo

Net Operating Income252486.0

New ConstructionNo

Number of Units Leased13

Operating Expense143265.0

Pool FeaturesNone

Private PoolNo

Property Attached Y/NYes

Property Sub Type AdditionalApartment

Property SubTypeApartment

Property TypeResidentialIncome

Rent Control Y/NYes

Senior Community Y/NNo

SewerUnknown

Special Listing ConditionsStandard

Standard StatusActive

StatusActive

Stories2

Street NameAustin Ave

Tax Lot289

Total Actual Rent34515.0

Total Units18

Trash Expense0.0

View Y/NNo

Walk Score71

Water Sewer Expense0.0

Waterfront Y/NNo

Year Built1966

Year Built SourcePublicRecords

Exterior for 811 Austin Ave

Building Area Total17196.0

Crops Included Y/NNo

Horse Y/NNo

Irrigation Water Rights Y/NNo

Lot FeaturesCornerLot

Lot Size Acres0.7615

Lot Size Area33173.0

Lot Size SourcePublicRecords

Lot Size UnitsSquareFeet

Number of Buildings4

Number of Separate Electric Meters18

Number of Separate Gas Meters18

Number of Separate Water Meters0

Open Parking Y/NNo

Parking FeaturesGarage, Gated, OneSpace, Tandem, Uncovered

SpaNo

Total Parking18.0

Water SourcePublic

Additional Details

Price History

First Team Client Services

Price $5,999,999

MLS#SB24065682

List Date 04/04/2024

Property Type Multi-Family

Phone 714.964.3311

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