OM - 629 S Osage Ave - Kerel Sharfner

629 S OSAGE AVE.

INGLEWOOD, CA 90301, USA

KEREL M. SHARFNER Director, Industrial Leasing & Sales KW Commercial | New Vision Commercial

www.newvisioncre.com CA DRE #01967272 (310) 622-5487

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CONFIDENTIALITY AGREEMENT All materials and information received or derived from KW Commercial its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty as to completeness, verac-ity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of the property for any party’s intended use or any and all other matters.

Neither KW Commercial its directors, officers, agents, advisors, or affliates makes any representation or warranty, express or implied, as to accuracy or completeness of the any materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters of significance to such party. KW Commercial will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE

KEREL M. SHARFNER Director, Industrial Leasing & Sales KW Commercial | New Vision Commercial

www.newvisioncre.com CA DRE #01967272 (310) 622-5487

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third party independent professionals selected by such party. All financial data should be veriffed by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. KW Commercial makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. KW Commercial does not serve as a financial advisor to any party regarding any proposed transaction.

All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or perfor-mance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions, vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable go ernmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by Studio City in compliance with all applicable fair housing and equal opportunity laws.

629 S OSAGE AVE, INGLEWOOD, CA 90301, USA

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EXECUTIVE SUMMARY 629 S Osage Ave, Inglewood, CA 90301, USA | Offering Memorandum

PROPERTY DESCRIPTION 629 S OSAGE AVE, INGLEWOOD, CA 90301, USA

Welcome to 629 S Osage Avenue, Inglewood, CA - an exciting investment opportunity in the heart of a rapidly developing area. This 5-unit multifamily commercial property is strategically located just 2 blocks west of Prairie Avenue, making it incredibly convenient for those attending events at the SoFi Stadium, home to the Los Angeles Rams and the Los Angeles Chargers. Additionally, this property is within close proximity to the Inuit Center and the Clippers Stadium, set to be completed for the 2024-2025 NBA season, making it an ideal choice for investors looking to capitalize on the growing demand for housing in this area.

The property is currently under construction and being offered for sale in its as-is condition. This presents a unique opportunity for an investor to customize and complete the project according to their vision, creating a real estate gem in this burgeoning neighborhood.

629 S OSAGE AVE, INGLEWOOD, CA 90301, USA

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PROPERTY HIGHLIGHTS 629 S OSAGE AVE, INGLEWOOD, CA 90301, USA

•

Prime Location: The property’s strategic location, just blocks away from SoFi Stadium and the upcoming Clippers Stadium, offers tremendous potential for rental income and appreciation.

•

Investment Potential: With the ongoing development in the area and the increasing demand for housing, this property is poised to be a lucrative investment opportunity.

•

Unit Variety: This 5-unit property consists of three 1-bedroom/1-bathroom units, one 2-bedroom/2-bathroom unit, and one 1-bedroom/2-bathroom unit, catering to a diverse range of tenants and potential rental income streams.

•

Customization Opportunity: Being sold in its as-is condition, the property allows for customization and renovation to suit your preferences and maximize its income potential.

•

Vibrant Community: Inglewood is a diverse and dynamic community with a variety of amenities, restaurants, and entertainment options, making it an attractive place to live for potential tenants.

•

Proximity to Major Venues: The property’s proximity to SoFi Stadium, the Clippers Stadium, and the Inuit Center means it’s at the center of major entertainment and sports events, attracting potential renters seeking convenience and accessibility.

629 S OSAGE AVE, INGLEWOOD, CA 90301, USA

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PROPERTY SUMMARY 629 S OSAGE AVE, INGLEWOOD, CA 90301, USA Price Analysis Sales Price

$1,799,999

Value Indicators

current

Cap Rate

5.6%

GRM

11.81

Price Per Unit

$359,999

Pice Per Sq. Ft.

$583.27

Property Overview APN

4021-039-044

Total Units

5

Year Built

1962

Building Area

±3,086 sq ft

Land Area

±9,389 Sq Ft

Stories

1

Parking

Garage

Zoning

INR3YY

Utilities

Provider

Paid By

Sewer, Water

EBMUD

Land Lord

Gas & Electric

PG&E

Tenant

Waste Management

Land Lord

Garbage

629 S OSAGE AVE, INGLEWOOD, CA 90301, USA

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PROPERTY PHOTOS

629 S Osage Ave, Inglewood, CA 90301, USA | Offering Memorandum

PROPERTY PHOTO 629 S OSAGE AVE, INGLEWOOD, CA 90301, USA

PROPERTY PHOTO 629 S OSAGE AVE, INGLEWOOD, CA 90301, USA

PROPERTY PHOTO 629 S OSAGE AVE, INGLEWOOD, CA 90301, USA

PROPERTY PHOTO 629 S OSAGE AVE, INGLEWOOD, CA 90301, USA

PROPERTY PHOTO (RENDERED) 629 S OSAGE AVE, INGLEWOOD, CA 90301, USA

PROPERTY PHOTO 629 S OSAGE AVE, INGLEWOOD, CA 90301, USA

FINANCIAL OVERVIEW 629 S Osage Ave, Inglewood, CA 90301, USA | Offering Memorandum

UNIT MIX AND RENT SCHEDULE 629 S OSAGE AVE, INGLEWOOD, CA 90301, USA

Unit/s

Type

Monthly Income

Market Rent

Monthly Income

3

1 Bed/1 Bath

Vacant

$2,300

$6,900

1

2 Bed/2 Bath

Vacant

$3,200

$3,200

1

1 Bed/2 Bath

Vacant

$2,600

$2,600

$12,700

$12,400

$12,700

5

629 S OSAGE AVE, INGLEWOOD, CA 90301, USA

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OPERATING SUMMARY 629 S OSAGE AVE, INGLEWOOD, CA 90301, USA Current Annualized

Proforma Annualized

Scheduled Gross Income

-

$152,400

Total Scheduled Gross Income

-

$152,400

Vacancy Rate Effective Operating Income

-

3%

$4,572

-

$147,828

Prop. Taxes (NEW)

-

$20,500

Property Ins.

-

$3,000

Utilities and Trash

-

$7,000

Off-Site Mgmt. Fee

-

On-Site Mgmt. Fee

-

Repairs & Maintenance

-

Landscaping

-

$1,200

Reserves/License/Permits

-

$1,250

Expenses

5%

$7,620 -

4%

$6,096

*Insurance, Landscape & Utilities/Trash are actual. Taxes, new. Others are Industry Standard.

Total Expenses

-

$46,666

Per Unit

-

$9,333

Per Foot

-

$15.12

Net Operating Income

-

$101,162

NOTES: Figures are estimates only and based on industry standards. These numbers should be adequate considering the recent renovations and upgrades to the property.

Property taxes are based on a reassessment at the current tax rate.

629 S OSAGE AVE, INGLEWOOD, CA 90301, USA

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AREA HIGHLIGHTS

629 S Osage Ave, Inglewood, CA 90301, USA | Offering Memorandum

INGLEWOOD, CA Inglewood, California, is a thriving city with a promising real estate market. Located in the Los Angeles metropolitan area, Inglewood offers a range of housing options, from historic homes to modern condos. The city is known for its diverse community, cultural attractions, and proximity to major employment centers. Notably, the arrival of SoFi Stadium, home to the NFL’s Los Angeles Rams and Chargers, has sparked development and increased property values. Inglewood’s growing economy, excellent transportation links, and revitalization efforts make it an attractive destination for real estate investors seeking opportunities in the greater Los Angeles region.

MOST DIVERSE SUBURBS IN CALIFORNIA

BEST SUBURBS FOR YOUNG PROFESSIONALS IN CALIFORNIA

#127 of 528

#263 of 528

POPULATION

MEDIAN RENT

108,206

$1,495

MEDIAN HOME VALUE

MEDIAN HOUSEHOLD INCOME

$603,900

$62,845

SITE ATTRACTIONS

SoFi Stadium

Intuit Dome

Hollywood Park

the Forum

Inglewood Transit Connector (upcoming)

629 S OSAGE AVE.

INGLEWOOD, CA 90301, USA

KEREL M. SHARFNER Director, Industrial Leasing & Sales KW Commercial | New Vision Commercial

www.newvisioncre.com CA DRE #01967272 (310) 622-5487

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