10215 England Avenue

Description

We are proud to present 10211 & 10215 England Ave, a prime 8-unit investment opportunity in The Village neighborhood of Inglewood, formerly known as Darby-Dixon. This offering consists of two adjacent parcels totaling 13,260 square feet of land. Each parcel has a 4-unit structure totaling 6,140 square feet of rentable space. The properties can be sold together or separately, offering flexibility for investors to obtain either residential or commercial financing. Built in 1955 and 1958, both properties feature all 1-bedroom/1-bathroom units, averaging roughly 705 square feet. Each property will be delivered with two vacant units, presenting an immediate value-add opportunity through interior and exterior renovations. The remaining occupied units are leased to reliable Section 8 tenants averaging $1,545 a month in rents, ensuring stable income. Pursuant to Inglewood's rent control ordinance, both properties allow annual rental increases of 5% + CPI. 10211 & 10215 England Ave share a common secure gated access in the front and rear of the properties. Tenants benefit from (8) private one-car garages with alley access, which a future investor might explore converting into potential ADUs (Buyers to conduct their own research). The units are individually metered for gas and electricity, with each unit featuring its own newer water heater, closet furnace, central air cooling, and newer doors and windows to enhance energy efficiency and tenant comfort. All six ground-floor units come with a private front yard and the two second-story units have private patios.

Listing information courtesy of: Sevak Keshishian, Marcus & Millichap 818-212-2694. *Based on information from the Association of REALTORS/Multiple Listing as of 02/11/2025 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.