614 Myrtle Ave
$1,875,000, 16 Beds 9 Baths 6,538 Sqft
About This Property
On the market for the first time in over 25 years this is property is located in a quiet, residential pocket just a few short blocks due west of the new NFL stadium and also walking distance to La Brea, Market St. and downtown Inglewood. Super spacious units with long terms tenants and well below market rents provide a new owner surety of collected rents with lots of upside potential. Built originally as a SFR, it was expanded make the property into a 4-bdrm+2-ba, 1,617sqft owner's unit with 5 units attached in 1986 that include a 3+2, 2+1.5 and 3-2+1 units. 12 onsite parking and a small laundry room for tenants convenience. Professionally managed and maintained for years this building is a feather in the cap of the local investor looking to capitalize on the future of the City of Champions. This property is a legal 6-unit that has rented as 7 for over 30 years.
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