746 Cory Drive
$1,850,000
3
8
6,170
6,170
$300
Description
PRIME NW Inglewood Location. 8 unit apartment complex with recently upgraded Electrical panels and Roof (approx 10 yrs old). Great unit mix with a mix of Large one Bedrooms and Two Bedrooms. Price to Sell with a potential 6%+ Cap. Long Term tenants with significant upside in rents (Rent Roll attached). City of Inglewood allows a generous annual rent increase of 8.9% when rents are below their 80% FMR (Fair Market Value) which applies to all of the residents. Low Cost of operations as each tenant...PRIME NW Inglewood Location. 8 unit apartment complex with recently upgraded Electrical panels and Roof (approx 10 yrs old). Great unit mix with a mix of Large one Bedrooms and Two Bedrooms. Price to Sell with a potential 6%+ Cap. Long Term tenants with significant upside in rents (Rent Roll attached). City of Inglewood allows a generous annual rent increase of 8.9% when rents are below their 80% FMR (Fair Market Value) which applies to all of the residents. Low Cost of operations as each tenant pays their own Hot Water with individual Hot Water Heaters in each unit. Tenants also benefit from a Gas servicing each unit (as with individual meters). Common area laundry on site. Parking area consists of Open Spaces (3), Carports (3), a 2 car enclosed garage plus and additional single enclosed garage. Amazing street presence. Pride of Ownership asset. Seller (and partners) has owned this asset for 24+ years and is retiring / dissolving the partnership. No Seller carrybacks of financing offers are considered.
- Listed by David Holstein • DRE #01210777 • Brokerage DRE #01210777 • The Holstein Group • 310-345-9994
Property Details for 746 Cory Drive
Parking Spaces Total
9
Private PoolNo
Total Units8.0
Building TypeAttached
Lot Size SourceAssessor
Living Area6170
Assessor Parcel Number4017-021-020
Property Attached YNtrue
LISTING UPDATED: 11/19/2024 06:14 AM
Property Details for 746 Cory Drive
Status | Active |
---|---|
MLS # | SB24236205 |
Days on Market | 2 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1953 |
County | Los Angeles County |
Building Information for 746 Cory Drive
Building/Complex746 Cory DrFloor-Stories2Residences-Pet Policy-Year Built1953Building Size-
Property Information for 746 Cory Drive
Property History for 746 Cory Drive
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 746 Cory Drive
Taxable ValueLand$324,996Additions$140,331Total$465,327
Tax Record2024$7,876 ($656 / month)
Home Facts
Total Finished SqFt6,170 SqFtAbove Grade Finished SqFt6,170 SqFtLot Size9,643 SqFtStyleMulti-Family Res (5+ Units)Year Built1953ZoningINR3YYCountyLOS ANGELESAPN4017-021-020
Schools near 746 Cory Drive
This home is within Inglewood Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | K to 8 | |||
Public - | 9 to 12 | |||
Charter - | K to 5 |
Rating | School | Distance |
---|---|---|
Highland Elementary School PublicK to 6 | ||
Parent (Frank D.) Elementary School PublicK to 8 | ||
Inglewood High School Public9 to 12 | ||
Wilder's Preparatory Academy Charter CharterK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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