433 Venice Way is a 7-unit apartment complex that is being sold with significant upside potential tied to below market rents. The investment asset is located in the Prime NW Inglewood region of the city of Inglewood. Recent additions to the city include the new Sofi Stadium (NFL - Home to the Chargers and Rams), and the new Intuit Stadium (NBA - Home to the LA Clippers). In addition to these two gigantic venues, the tremendous new retail and high-end housing developments, the city of Inglewood also kept and upgraded both of its iconic entertainment venues, The Forum and Hollywood Park Casino. The accumulation of all these projects has created a massive income growth, employment base, as well as a huge demand for housing throughout to the city and surrounding areas. Although the City of Inglewood has its own rent control division and it is NOT subject to LA City, or LA County RSO. The current rent increase potential is limited to 8.9% for qualified rents that are below 80% of FMV and 3.9% for those rents that are above the 80% FMV. Since most of the rents are below this 80% threshold, a new owner could potentially grow their income stream quite rapidly with this investment. Other benefits and reasons to buy this investment offering: Electrical: All units have new Electrical Subpanels. Plumbing: Copper Plumbing replaced. Utilities: Individual Hot Water Heaters and Separately Metered for Gas and Electric for each tenant (provides for low cost of ownership). Location: NW Inglewood (highly desired), Unique Character: some units have oversized windows, vaulted ceilings, balconies, and amazing curb appear from the corner lot. Amenities: Common area Laundry Room with no lease.