3205 Bartdon Ave, Inglewood, CA 90303

Overview

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Property Type: Multi-Family Apartment
Location: 3205 Bartdon Ave, Inglewood, CA
Total Units: 6
Portfolio Status: Part of an 8-building portfolio (can be sold individually or as a cohesive package)
Price: $300,000 per door / $402 per square foot

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Financials

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• Gross Rent Multiplier (GRM): 11.07
• Current Cap Rate: 6.25%
• Potential Stabilized GRM: 7.49
• Potential Stabilized Cap Rate: 10.03%
• Rental Upside: 48%

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This property stands out in the competitive Los Angeles market, offering investors a solid foundation for immediate cash flow with strong potential for appreciation. The impressive rental upside and stable income make it an attractive option for seasoned and new investors alike.

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Unit Mix

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• 2-Bedroom/1-Bath Units: 4
• 3-Bedroom/1-Bath Units: 2

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The diverse unit mix not only accommodates a wide range of tenants, from families to young professionals, but also ensures a steady demand for rental occupancy. The thoughtful layout of the units has been designed to maximize livability, making this property a desirable choice for renters in the area.

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Property Features

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• Condition: Fully renovated and turnkey, allowing for immediate tenant occupancy without the need for additional work or investment.
• ADU Potential: The rear carport area presents an excellent opportunity to add an Accessory Dwelling Unit (ADU). This can further enhance rental income and increase the property's overall value, addressing the ongoing housing demand in Los Angeles.
• Immediate Income: The property currently generates robust cash flow, providing financial security for investors.

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Location Highlights

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Proximity to Major Attractions:

3205 Bartdon Ave is ideally situated just minutes away from key entertainment venues such as SoFi Stadium, Intuit Dome, and Hollywood Park Casino. This prime location not only attracts tenants but also positions the property favorably in the rapidly evolving landscape of Inglewood.

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Neighborhood Amenities:

Inglewood is a bustling area filled with local restaurants, cafes, shopping centers, and recreational facilities. The neighborhood’s vibrant atmosphere and ongoing development make it a desirable place for both renters and property owners. As the area continues to grow, the demand for quality rental units is expected to rise, further enhancing the appeal of this investment.

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Investment Advantages

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1. Strong Immediate Income: With a current GRM of 11.07 and a Cap Rate of 6.25%, this property provides reliable cash flow right from the start. Investors can enjoy the benefits of income generation while also planning for future improvements.
2. Market Growth Potential: Inglewood is experiencing significant growth and revitalization, thanks to extensive investments in local infrastructure and community amenities. This presents a strategic opportunity for investors to capitalize on property appreciation in an emerging market.
3. Diverse Unit Mix: The varied unit sizes and configurations cater to a broad demographic, enhancing rental demand and minimizing vacancy risks. This diversity can attract long-term tenants, providing stability in rental income.

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3205 Bartdon Ave is not just a property; it’s a gateway to a lucrative investment in one of Los Angeles’ most promising neighborhoods. With its strong financials, desirable location, and potential for further growth, this property is an opportunity that savvy investors should not overlook. Seize this chance to invest in Inglewood today and secure your future in a thriving real estate market!

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For more information about this investment opportunity, please reach out to Taylor Avakian, founder of The Group CRE and First VP of Lyon Stahl.