415 Grace Avenue

Description

REDUCED! We are excited to offer for sale a fully ready-to-issue (RTI) 8-unit townhome-style development opportunity, featuring two main building types. Type 1 consists of Building 1, which includes Unit A and Unit B, while Type 2 encompasses Buildings 2, 3, and 4, each featuring Unit A and Unit AR. Unit A is designed with 3 bedrooms, 4 bathrooms, 1,514 sq. ft., a private 2-car garage (371 sq. ft.), and a spacious roof deck (251 sq. ft.), while Unit B offers 3 bedrooms, 4 bathrooms, 1,690 sq. ft., a private 2-car garage (371 sq. ft.), and a spacious roof deck. Unit AR is a reversed version of Unit A. All the units feature laundry closets, a bonus/utility room with a full bathroom on the ground floor, and a private rooftop deck. The total rentable sq ft is 12,288 SF. The development is situated on a large 12,622 SF lot zoned R-3 in the Inglewood Downtown TOD (Transit-Oriented Development) area, a hub for new development. It is located in the Inglewood city center, within blocks from the Inglewood Courthouse and City Hall, and near hospitals, local grocery stores, and retail. The property benefits from a high Walk Score of 85, indicating a "Very Walkable" neighborhood where daily errands do not require a car. This level of walkability, coupled with easy access to public transportation and major thorough fares, enhances the appeal for future residents or tenants, especially in a market increasingly favoring accessibility and convenience. The Metro K Line Northern Extension would fill a gap in Metro's developing system to connect four major rail lines and six of the highest ridership bus lines in LA County. Request an Offering Memorandum for further details.

Listing information courtesy of: Jordan Petito, Keller Williams Beverly Hills 310-734-2245. *Based on information from the Association of REALTORS/Multiple Listing as of 11/13/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.