3704 W 111th Place, Inglewood CA, 90260
Price
Listing Tags
—
Beds
28
Size
1968 sqft
Type
Single Family
Overview
A vacant 1,968 sq ft single-family home in Inglewood, California, configured for 28 shared beds and available now for lease at $15,000 per month.
Lease and Income Structure
3704 W 111th Place is a 1,968 sq ft single-family property in Inglewood, California, currently vacant and available for lease to a recovery residence operator at $15,000 per month. The home is configured for 28 shared beds. Inglewood sits in the South Bay area of Los Angeles County with access to the wider Los Angeles recovery community, and the property is walkable to local services and served by regional transit. An estimated $10,000 in renovation work is budgeted to bring the home to operating standard. This is a lease opportunity - Vanderburgh Communities supports the operator with the systems, training, and brand infrastructure to run a certified recovery residence at this location.
Property Financials
Bed Data
Shared Beds
28
Total Beds
28
Vacancy Rate (estimated)
20%
House Mentors
2.3
Revenue-Producing Beds
19.70
Intake Fee
$200.00
Revenue (Annual)
Plus: Intake Fee Revenue
$8,800.00
Plus: Laundry Service Revenue
$4,576.00
Expenses (Annual)
Operating Expenses
$18,246.00
Property Insurance
$2,600.00
Operator Compensation
$24,000.00
Valuation
Capitalization Rate
8.50%