Property Detail

Description

We are pleased to present the exclusive offering of 621 E. 99th St., a turnkey apartment community located in the heart of Inglewood. This asset presents a rare opportunity to acquire a substantially renovated, high-quality 28-unit apartment community within walking distance of SoFi Stadium and just minutes from the transformative Hollywood Park development and the Intuit Dome. The property offers investors the opportunity to acquire a high-quality asset in one of Southern California's fastest-growing rental markets. The property has undergone extensive renovations, including upgrades to the electrical, plumbing, roof, and windows. Since acquiring the property, ownership has further enhanced the asset by completing full interior renovations in 26 of the 28 units. Additional improvements include the conversion of a former storage area into a modern fitness center, the addition of a beautifully renovated community restroom, and the replacement of plumbing fixtures throughout the property with ultra-efficient water-saving fixtures designed to improve water conservation and reduce operating expenses. The property also has 28 gated parking spaces and 14 additional garage spaces. All units feature washers and dryers and central air conditioning and heating, providing residents with highly desirable modern amenities that support tenant retention and rental premiums. The property also features a beautifully maintained pool area and upgraded community spaces, including outdoor tables and chairs, a BBQ area, and inviting gathering spaces that create an enhanced resident experience. Positioned in one of Southern California's most dynamic rental markets, 621 E. 99th St. offers investors stable cash flow, significant renovation completion, and long-term appreciation potential.