J
Seller's Agent in 2018
Joshua Cohen
Keller Williams Realty
1022 Larch St Inglewood, CA 90301
10
Beds
6
Baths
4,214
Sq Ft
6,337
Sq Ft Lot Lot
Highlights
- Property is near park and public transit
- Laundry Room
- Level Lot
- Lawn
About This Home
As of March 2018First time this property has ever been on the market, not subject to rent control with 61% upside! The property is situated right in the heart of Inglewood, and is within walking distance to the NFL stadium/Hollywood Park re-development site! The property has a laundry room on site for tenant’s use, and there is one central water heater for all the units. Throughout the years, galvanized plumbing has been replaced with copper plumbing when needed. The owners have taken pride in owning this asset for over 50 years, making repairs diligently and thoughtfully. Many units have been refurbished with new stoves, paint, tile, granite, vinyl plank flooring, louver window coverings, refinished cabinetry. 2 of the units have dishwashers and forced air heating systems; others have gas wall heaters. All units have ample storage, especially in the bedrooms which boast custom designed storage. A new roof was put in during 2006 and the building was fully tented for termites in 2016, along with additional refurbishment work. Back and side patio fencing was replaced in 2016. The property is individually metered for gas and electricity. The sewer line was replaced within the last several years as well. An investment opportunity of this quality comes few and far between in today’s market. This is the perfect acquisition for investors looking to expand their portfolio or break into Los Angeles’ hottest rental market.
Last Agent to Sell the Property
Joshua Cohen
Keller Williams Realty License #01346713 Listed on: 01/29/2018
Last Buyer's Agent
Joshua Cohen
Keller Williams Realty License #01346713 Listed on: 01/29/2018
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1962
Lot Details
- 6,337 Sq Ft Lot
- Two or More Common Walls
- Level Lot
- Lawn
Parking
- 5 Car Garage
Home Design
- 4,214 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 10 Bedrooms
- 6 Bathrooms
Laundry
- Laundry Room
Outdoor Features
- Exterior Lighting
- Rain Gutters
Location
- Property is near park and public transit
- Urban Location
Listing and Financial Details
- Tax Lot 53
- Tax Tract Number 6011
- Assessor Parcel Number 4024016019
Community Details
Building Details
- 5 Leased Units
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1
- Fuel Expense $1
- Insurance Expense $1,400
- Other Expense $12,530
- Professional Management Expense $1
- Trash Expense $1
- Water Sewer Expense $1
- New Taxes Expense $17,716
- Operating Expense $31,648
- Gross Income $69,540
- Net Operating Income $37,450
Additional Features
- 5 Units
- Laundry Facilities
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Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/07/2018 03/07/18 | Sold | $1,305,000 | -5.1% | $310 / Sq Ft |
| 02/21/2018 02/21/18 | Pending | -- | -- | -- |
| 01/29/2018 01/29/18 | For Sale | $1,375,000 | -- | $326 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Agents Affiliated with this Home
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB18020065
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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