Sold

869 Glenway Drive

Inglewood CA, 90302

$2,680,000


$375.09 per sqft

Sold

7,145 sqft

Condo

Built in 1956

Listed by John Chelius with Property Works RE, Inc. 310-722-0360

Substantially improved 8 units in Northwest Inglewood including new 2 bed 2 bath ADU. Phenomenal unit mix of (7) 2 bed 1 bath units with private gated yards and (1) 2 bed 2 bath ADU. All eight units have interior washer/dryer connections. New 600 amp electrical service. 12 total parking spaces and the ability to construct an additional one bed ADU in the remaining three garage spaces. Five of eight units have been fully renovated including plumbing and electrical upgrades, new vinyl windows, and wall mounted AC units. 5.27% cap rate on actual financials, adjusting for property taxes. 6.50% pro forma cap rate after renovating the remaining three original units.

PW23206155

MLS ID

November 6, 2023

Listed

February 16, 2024

Updated

Map

869 Glenway Drive
Inglewood CA, 90302

Interior Features

Total Stories

2


Interior Features

Quartz Counters, Recessed Lighting


Appliances

Dishwasher, Tankless Water Heater


Laundry Description

Inside


Floor Description

Laminate


Fireplace

Yes


Fireplace Description

None


Cooling

Yes


Cooling Description

Wall/Window Unit(s)


Heating

Yes


Heating Description

Wall Furnace

Exterior/Building Features

Lot Size

0.36 Acres


Lot Features

0-1 Unit/Acre


Roof

Composition


Sewer

Public Sewer

Other Property Details

Area Name

101 - North Inglewood


Days on Market

31


Garage

Yes


Garage Spaces

3


Parking

Assigned


Parking Total

12


View

No


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

None


Zoning

INR3YY


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

2/16/2024

Sold

12/7/2023

Pending

Listing Contact: 310-722-0360 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 2/16/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 2/16/2024 at 11:39 PM UTC

 

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