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    1023 S Osage Ave

    Inglewood, CA 90301
    • $6,710,000
    • STATUS: Active
    • ON SITE: 15 days
    • ID#: 20-660588
    UPDATED: 47 min ago
    $6,710,000
    • 29
      BEDS
    • 0.58
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 16,011
      SQFT
    • $419
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:

    School Ratings & Info

    Description

    The Osage Apartments come to the market for the first time in almost 30 years. Located in a quiet South Inglewood location this property is in great condition, well cared for and managed over the years. The building has an excellent unit mix and large lot with plenty of parking. The asking price includes the adjacent 4-unit building at 1025 S. Osage which is an approximately 4,208 sqft building on a separate 5,856 sqft lot. The financials represented include both buildings. The rents are almost 40% below market allowing a new owner to capture lots of upside in the years to come. There are 2 laundry room each with 2 washers and 2 dryers that are owned by the building, no lease in place. The singles are master metered for electricity and gas. SELLER PREFERS OFFERS WITH SELLER FINANCING AT 50% LTV.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-12-03T16:42:56.413. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.trulinerealty.com/homes/111969876
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    1023 S Osage Ave Inglewood, CA 90301

    • Price: $6,710,000
    • Status: Active
    • Updated: 47 min ago
    • ID#: 20-660588
    29
    Beds
    0
    Baths
    0
    ½ Baths
    0.58
    Acres
    16,011
    SQFT
    $419
    $/SQFT
    1964
    Built
    Neighborhood:
    South Inglewood
    County:
    Los Angeles
    Area:
    South Inglewood
    Property Description
    The Osage Apartments come to the market for the first time in almost 30 years. Located in a quiet South Inglewood location this property is in great condition, well cared for and managed over the years. The building has an excellent unit mix and large lot with plenty of parking. The asking price includes the adjacent 4-unit building at 1025 S. Osage which is an approximately 4,208 sqft building on a separate 5,856 sqft lot. The financials represented include both buildings. The rents are almost 40% below market allowing a new owner to capture lots of upside in the years to come. There are 2 laundry room each with 2 washers and 2 dryers that are owned by the building, no lease in place. The singles are master metered for electricity and gas. SELLER PREFERS OFFERS WITH SELLER FINANCING AT 50% LTV.
    Exterior Features

    Covered Parking 25 Direction Faces East Levels Two Lot Size Area 25143 Other Structures None Parking Garage AssignedCarport Attached Roof Asphalt Total Parking 35 View Description None View YN No Water Frontage None

    Interior Features

    Baths Total 25.00 Cooling None Equipment Ceiling Fan Flooring CarpetLaminateLinoleumCeramic Tile Heating Wall Gas Laundry Room Laundry Equipment Own Water Heater Features Central Water HeaterMulti-TankGas

    Property Features

    ADACompliance No Alley YN No Assessed Total Value 1740165 Gross Income 351433 Gross Operating Income 344404 Like Units1 1 Like Units2 1 Like Units3 13 Like Units4 6 Like Units5 8 Net Operating Income 163019.00 Number Of Buildings 2 Number Of Units 25 Owner Pays GardenerElectricityGasWater Rent Control YN Yes Sale Type Standard Security Features Automatic GateCarbon Monoxide Detector(S)Resident ManagerSmoke Detector Sewer In Street Source Living Area Title Company Source Lot Size Area Vendor Enhanced Tenant Pays ElectricityGas Total Annual Expense 181385 Type Of Units Apartment Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Inrm*

    Listing provided courtesy of Christopher Marsocci DRE#01095183 of Goldcoast Commercial Group.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-12-03T16:42:56.413. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    TruLine Realty
    8644 Wilshire Blvd. Suite 204
    Beverly Hills CA, 90211