1024 Osage AveInglewood, CA 90301

Property Details for 1024 Osage Ave

Year built

1961

Construction

WOOD

Lot size

0.57 AC

Property size (Sq ft)

19,174 SF

Zone code

INRM*

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

4024-009-032

APU

4024009032

Description

This exceptional 25-unit apartment building, located at 1024 S Osage Ave, Inglewood, CA 90301, presents a compelling investment opportunity. The property boasts 19,174 square feet on a 24,906 square foot lot and features a mix of one, two, and three-bedroom units, offering significant upside potential in rental income. Built in 1961, the Class C building includes 27 parking spaces, a central courtyard with a pool, beautifully landscaped gardens, and a laundry room. Nine units have been renovated, and some units offer private patios. Additional amenities include an exercise area and outdoor seating in the courtyard. The property's strong financial performance is reflected in its asking price of $5,995,000, a price per unit of $239,800, and a cap rate of 5.56%. The property's location in Los Angeles County, with APN 4024-009-032, offers investors a chance to capitalize on the growing Inglewood market. All units are all-electric. This property is an ideal investment for those seeking strong cash flow and long-term appreciation in a desirable location.

Location Insight

City

Inglewood

County

Los Angeles

State

California

Latitude

33.9502

Longitude

-118.345

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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