The Edgewood Apartments

721 Edgewood Street – Inglewood, CA

Status:

Sold

Close of Escrow: 11/01/2012

Total Number of Units: 24

Year Built: 1961

Sale Price: $2,900,000

Price per Unit: $120,833

Price per Square Foot: $137.62

CAP Rate: 5.88%

Downpayment: $870,000 (30%)

Net Operating Income: $170,777

Rentable Square Feet: 21,071

Lot Size: 0.57 Acres

Unit Type

1Bdr 1Bath

2Bdr 1.5Bath

3Bdr 2Bath

No. of Units

8

15

1

The property was constructed in 1961 and provides the investor with 24 units.