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Probate Sale Industrial Property at 702 Vesta Street

Probate Sale Industrial Property at 702 Vesta Street
FOR SALE
View more

$1,400,000

702 Vesta Street, Inglewood, CA 90302

2,716 SF

Square Feet

$515

PPSF

3.37%

CAP

Property Description

NOI

$47,206

Cap Rate

3.37%

Probate Sale, subject to Court Confirmation and overbidding in Court. For Sale AFTER 69 years! Single-story mixed-use building featuring two (2) commercial units and one (1) residential unit totaling approx. 2,716 SF, situated on a 4,861 SF lot in a prime Inglewood. One commercial unit and a residential unit are currently vacant, while the other commercial unit is leased on a Month-to-Month basis, with tenant paying $1,050 per month. Each of the three units has its own separate gas and electricity meters. Positioned on the corner of Vesta St. and W Hyde Park Blvd., the property offers convenient access to I-405 and I-105. The property is zoned INM1 and provides flexibility for business operations and residential use. Located just minutes from LAX, SOFI stadium, Inglewood Forum, with close proximity to retail, restaurants, and several service providers. Ideal for owner-user or investment. Sold AS IS and WHERE IS, with all faults, and without warranty, express or implied and with current tenants in place. Seller is a Court appointed fiduciary and cannot make any representations as to the condition, history of the subject property. Buyer to conduct their own investigations.


Property Details

Asset Type

Industrial

Year Built

1953

Zoning

INM1

Lot Size

4,861 SF

Neighborhood

Inglewood

Submarket

Inglewood

ZIP

90302

Listing Type

sale

Net Operating Income (NOI)

$74,892

Debt Service Coverage Ratio (DSCR)

0.94x

DSCR below 1.0x — deal does not cover debt service

Cap Rate

5.35%

Cash Flow (Annual)

-$4,748

Cash-on-Cash Return

-1.36%

Monthly Debt Service

$6,637

Annual Debt Service

$79,641

View on Map

Address

702 Vesta Street

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Inglewood Industrial Market Snapshot

Boundary boundary · Industrial · Sale

No investors found in this market.

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Vinny Jain

Vinny Jain

President, Broker/Officer

15 closed

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Vinny Jain

Vinny Jain

President, Broker/Officer

15 closed

Call