632 Manchester Drive

Inglewood CA 90301

6962 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

Prime Inglewood 5-unit value-add investment opportunity located less than a 5-minute walk from SoFi Stadium and The Forum. The property features two 2-bedroom/1.75-bath units and three 1-bedroom/1-bath units, with spacious floor plans of approximately 9001,000 square feet. Offered at $319,000 per unit and $326 per square foot, the property offers approximately 25% rental upside with a projected Pro Forma 6.9% CAP and 11.2 GRM. The property features select remodeled units, A/C in all units, on-site laundry, and an all-electric configuration with no gas expense. Recent improvements include an approximately 5-year-old roof, exterior paint, and water-efficient landscaping. Additional value-add potential includes adjacent double and single-car garages with possible ADU conversion, subject to buyer verification. Strong location, large units, rental upside, and ADU potential make this a compelling value-add opportunity in the heart of Inglewood.

Features

6 bedrooms

6 bathrooms

6962 sq. ft. lot size

Multi-Family

Property history for 632 Manchester Drive

2021

Sold

$1,615,000

23 Nov 2021 by Jonathan Nikfarjam, of Shield CRE, Inc.

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