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702-740 Venice Way
Inglewood, CA 90302
Back on Mkt! Price Reduced Over 10% | 47u · Build-to-Rent Property For Sale · 47 Units

INVESTMENT HIGHLIGHTS

  • Property website: https://properties.berkadia.com/venice-dreams-427412/p/1
  • Beautiful 47-Unit Community in Inglewood; Minutes to SoFi Stadium and Intuit Dome
  • Large Units Averaging Approximately 1,020 SF
  • Back on Market! Price Reduced by Over 10%; Priced Below Replacement Cost at $354 PSF
  • Approximately $1.5M Spent on Unit Renovations; All Units Renovated (Except 5)
  • Attractive Assumable Financing Available at 3.41% Fixed Through March 2031; I/O Through April 2026

PROPERTY FACTS

No. Units 47
Property Type Build-to-Rent
Property Subtype Apartment
Apartment Style Low-Rise
Costar Property Class C
Total Plot Size 1.20 ac
Property Size 47,959 sq ft
No. Floors 2
Year Built 1961
Parking Allocation 1.06/1,000 sq ft
Use Class R3, Inglewood

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Balcony
  • Disposal
  • Storage Space
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Tub/Shower
  • Freezer

SITE AMENITIES

  • Courtyard
  • Laundry Facilities
  • Security System
  • Gated
  • Laundry Service

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT PCM sq ft
2+2 44 - 1,015
3+2 2 - 1,150
2+1 1 - 975

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
4017-023-026
Land Assessment
£6,938,446
Improvements Assessment
£2,190,812
Total Assessment
£9,129,259
  • Listing ID: 31293516

  • Date on Market: 21/03/2024

  • Last Updated:

  • Address: 702-740 Venice Way, Inglewood, CA 90302

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