619-623 S Grevillea Ave. is a portfolio of two apartment complex buildings with a total of 15-units built in 1964. The property is located between Hillcrest Boulevard and Buckthorn Street just blocks from Inglewood High School. This area is a solid majority-renter market with low vacancy rate. 619 South Grevillea Avenue consists of six 1 bedroom 1-bathroom units. The property also offers 6 garage spaces. 623 South Grevillea Avenue consists of seven 2-bedroom 2-bathroom units and two 1-bedroom 1-bathroom units. All the units are separately metered for gas and electricity. The property also offers 12 gated and covered parking spaces. The city was incorporated on February 14, 1908. In the last few years Inglewood has shown significant improvements to its infrastructure, enacting new laws to encourage businesses. Most noticeable, is the completion of SoFi Stadium. Opened in September 2020. During the 2028 Summer Olympics, the stadium will host the opening and closing ceremonies, soccer, and archery. In Addition, the Clippers started their own stadium very close to SoFi Stadium. The Forum and all the new development that is going on will bring substantial increase in property values and rent. Inglewood is becoming very sought-after address.
A portfolio of two apartment complex buildings with a total of 15 units, was built in 1964.
STATUS: SOLD