Residential Income – 919 S Prairie Ave, Inglewood, CA 90301, USA -001-11-30T00:00:00-08:00
The subject property is a 50-unit apartment building across the street from the City of Champions NEW NFL Stadium which will be known as L. A. Stadium and Entertainment District at Hollywood Park. In accordance with the current zoning, FAR and City Planning
919 S Prairie Ave, Inglewood, CA 90301, USA
$8,495,000 USD
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Address919 South Prairie Avenue, Inglewood
Price$8,495,000
Year Built1959
Bedrooms Total0
Living Area22,861 ft2
Lot Size (Sq.Ft.)30,827
Listing IDSB17196720
StatusActive
Parcel Number4024008020
ZoningINC2
Special ConditionsStandard
Days on Market88

Detailed Description: The subject property is a 50-unit apartment building across the street from the City of Champions NEW NFL Stadium which will be known as L. A. Stadium and Entertainment District at Hollywood Park. In accordance with the current zoning, FAR and City Planning of Inglewood, the potential upside would be to re-develop a 6-story mixed-use hotel with residential units.

Laundry
Pool Private
Rent Control
Senior Community
Property Attached
Land Lease

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Address Information
Address919 South Prairie Avenue, Inglewood
Street PrefixSouth
Street SuffixAvenue
CityInglewood
Location (MLS Area)101 – North Inglewood
County Or ParishLos Angeles
State or ProvinceCA
Postal Code90301
Postal Code Plus44126
CountryUS
Financial Information
Price per Square Foot$371.59
Price per Lot Square Foot$275.57
Special ConditionsStandard
Total Expenses$188,600
Professional Management Expense$15,000
Operating Expense$188,600
Insurance Expense$5,000
Electric Expense$5,000
Water Sewer Expense$12,000
Trash Expense$5,000
Gross Income$547,500
Gross Scheduled Income$547,500
Net Operating Income$342,475
Total Actual Rent$547,500
Tax Year2000
Tax Lot20
New Taxes Expense$101,250
Full Descriptions
Parcel Number4024008020
Detailed DescriptionThe subject property is a 50-unit apartment building across the street from the City of Champions NEW NFL Stadium which will be known as L. A. Stadium and Entertainment District at Hollywood Park. In accordance with the current zoning, FAR and City Planning of Inglewood, the potential upside would be to re-develop a 6-story mixed-use hotel with residential units.
Lot Features0-1 Unit / Acre
Community FeaturesSuburban
Water SourceSee Remarks
Laundry FeaturesInside
Common Walls Description2
Pool FeaturesNone
Property parameters
Year Built1959
Living Area (Sq.Ft.)22,861 ft2
Lot Size (Sq.Ft.)30,827
Lot Size (Acres)0.7
Lot Size SourceAssessor
Number of Buildings1
Number of Units Leased50
Number of Units Total50
ZoningINC2
Stories Total2
Parking Spaces44
LevelsTwo
Carport Spaces44
Water SourceSee Remarks
Units Total50
Number of Separate Electric Meters1
Number of Separate Gas Meters1
Number of Separate Water Meters1
Listed withPaul Matysek (Paul Matysek, Broker)