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118 W Kelso Inglewood Ca 12 Units just sold by Derrick Ruiz

118 W Kelso Inglewood Ca 12 Units just sold by Derrick Ruiz

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Published by Derrick Ruiz

Just Sold by Derrick Ruiz! Wow, this was a tough deal but we all worked together to get this lil puppy closed. My buyer Bill got a great deal on this and got an incredible interest rate on a 70% LTV loan. Rents are going up up up and this will generate some great cash flow as he gets the rents up to market,. Good job Billy!

Just Sold by Derrick Ruiz! Wow, this was a tough deal but we all worked together to get this lil puppy closed. My buyer Bill got a great deal on this and got an incredible interest rate on a 70% LTV loan. Rents are going up up up and this will generate some great cash flow as he gets the rents up to market,. Good job Billy!

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Published by: Derrick Ruiz on Dec 01, 2012
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09/17/2013

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STATUS:   Sold ADDRESS:   118 West Kelso Street , Inglewood ,CA   90301   SP:  $1,150,000
 
   
CLICK HERE TO VIEW 
THE MAP IMAGE!
 Larger Map   Aerial Map   Plat Map
RESIDENTIAL INCOME DOM/CDOM: 259/259 AREA: (1505) Inglewood North MLS#: S12004341MR LD: 01/06/2012
APN:  4020­027­008 ADP:  STYLE: 
MAP:   
SP: $1,150,000
NUM UNITS: 12 APX LSZ:  12,420/PR POOL:  CVD PKG:  SD: 11/30/2012
APX SF: 12,350 APX LDM:   TRASH:  $0 NUM PKG: 
YB: 1920 GI: $0 GRM: 9.55 SCHED/ACT:  WATER:  $5,700
RC:  GOI:  CAP: 7.75 TAXES:  VAC: 
CONST:  AOE:  INS:  $2,685 GRDN:  $125 MGMNT: 
NUM STO:  ATE:  ELEC:  $1,680 MAINT:  $0 POOL EXP: 
ZONE:  NOI: $103,095 GAS:  $540 MGR:  ELEV: 
ASSED IMP VAL:  ASSED TOT VAL:  ASSED LND VAL:  LT: ERS/
Type Number of Units Bedrooms Baths Furnished(y/n) Revenue
Unit 1 2 1.00 $1,250
Unit 2 1 1.00 $850
Unit 3 1 1.00 $850
Unit 4 1 1.00 $850
Unit 5 1 1.00 $850
Unit 6 1 1.00 $850
Unit 7 1 1.00 $850
Unit 8 1 1.00 $750
Unit 9 2 1.00 $1,000
Unit 10 1 1.00 $775
Unit 11 1 1.00 $800
Unit 12 1 1.00 $800
DIRECTIONS:  
REMARKS:  BACK IN THE MARKET: Standard Sale! Great Location! Charming North Inglewood Investment building. All 12 units are
separately metered for gas and electricity. Easy to rent income property that will produce stable and consistent stream of income for the new
owner(s) on the monthly bases. Rents are below market; making this property a great investment and value add opportunity. Positive cash
flow. High return of investment. Cap rate is 7.75% & GRM is 9.55 at current actual rents. According to seller, City of Inglewood will be
replacing windows, doors and heating systems at no charge to new owners. NO RENT CONTROL.      
AIR:   HEAT:  
ROOF:   FIN:  Cash To Existing Loan
WATERFRONT:   DISC:  
SEWER:   TYPE:  
EQUIP:   TENANT PAYS:  
OWNER PAYS:   OCC/SHOW:  
SPA:   SALE TYPE:  Standard
LP: $1,150,000 DOM: 259 LD: 01/06/2012 SP: $1,150,000 SSP:   BLOG Y/N: Yes LP/SF: $93.12
OLP: $1,200 CDOM: 259 CD: 08/23/2012 SD: 11/30/2012 WD:  AVM Y/N: Yes SP/SF: 
LA1:  Manny Archondo DRE: 01373926
PH: 310­530­1414 CELL: 310­530­1414 FAX: 310­943­6561
LO1: Re/Max Execs South Bay PH: 310­378­9889
 MArchondo@remax­execs.com
LA2:  DRE: N/A
PH:  CELL:  FAX: 
LO2:  PH: 
 
SA1: Derrick Ruiz DRE: 00919713
PH:  CELL:  FAX: 
SO1: Exp Realty Washington, Inc. PH: 
 
SA2:  DRE: N/A
PH:  CELL:  FAX: 
SO2:  PH: 
 
JUST SOLD BY DERRICK RUIZ - eXp REALTY - NOVEMBER 30 2012

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