Seller's Agent in 2024
Lee Knickerbocker
RE/MAX
(310) 920-7399
18 Total Sales
103 E Tamarack Ave Inglewood, CA 90301
Estimated Value: $678,000 - $837,002
3
Beds
2
Baths
1,244
Sq Ft
$583/Sq Ft
Est. Value
Highlights
- Gated Parking
- No HOA
- Bungalow
- Wood Flooring
- Laundry Room
- Shed
About This Home
As of September 2024Exceptional Investment Opportunity!! Whether you're seeking to expand your real estate portfolio or capitalize on the thriving rental market near SOFI Stadium, this duplex offers an unparalleled opportunity. The combination of location, current income, future income potential, and future development possibilities make it a lucrative investment for savvy investors.
This property consists of two distinct homes, ideal for accommodating multiple tenants or generating dual rental income. The first unit features a cozy 1 bedroom and 1 bathroom layout, while the second unit offers a more spacious 2 bedroom and 1 bathroom configuration. Each unit has it’s own outdoor laundry hook up areas.
Situated on a large 7,684 square foot lot, this property provides ample space for potential expansion or outdoor amenities. Zoned INCSYY, this may provide other development/business future opportunities in addition to it’s current multifamily income use. The alley access enhances convenience for residents and offers additional parking options.
Both units are currently rented, providing immediate income for investors. The stable rental history and proximity to SOFI Stadium, The Forum and future home of Clippers Arena ensure strong demand for tenants seeking a convenient and vibrant lifestyle.
Last Agent to Sell the Property
Estate Properties Brokerage Phone: 310-920-7399 License #00957301 Listed on: 05/02/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1927
Lot Details
- 7,684 Sq Ft Lot
- No Common Walls
- Chain Link Fence
- Landscaped
- Level Lot
- Irregular Lot
- Density is 2-5 Units/Acre
Home Design
- Duplex
- Bungalow
- Entry on the 1st floor
- Raised Foundation
- Composition Roof
- Copper Plumbing
Interior Spaces
- 1,244 Sq Ft Home
- 1-Story Property
Kitchen
- Gas Range
- Disposal
Flooring
- Wood
- Laminate
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Laundry
- Laundry Room
- Laundry Located Outside
- Washer and Gas Dryer Hookup
Parking
- 5 Open Parking Spaces
- 5 Parking Spaces
- Parking Available
- Private Parking
- Gated Parking
- Parking Lot
- Unassigned Parking
Outdoor Features
- Shed
Utilities
- Wall Furnace
- Gas Water Heater
Listing and Financial Details
- Tenant pays for all utilities
- Tax Lot 6
- Tax Tract Number 1
- Assessor Parcel Number 4021032007
- $522 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 2 Units
Building Details
- 2 Leased Units
- Rent Control
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $3,000
- Trash Expense $1,800
- Water Sewer Expense $576
- Operating Expense $5,376
- Gross Income $45,600
- Net Operating Income $40,224
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 2, 2024
Closed on
Sep 6, 2024
Sold by
Girvin Thomas Robertson
Bought by
Kassa Shewakena Molla
Seller's Agent
Lee Knickerbocker
Estate Properties
Buyer's Agent
Amber Walker
Coldwell Banker Envision
List Price
$699,000
Sold Price
$645,000
Premium/Discount to List
-$54,000
-7.73%
Views
90
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,501
Avg. Annual Appreciation
9.62%
Original Mortgage
$622,425
Outstanding Balance
$615,766
Interest Rate
6.73%
Mortgage Type
FHA
Estimated Equity
$109,735
Purchase Details
Closed on
Mar 3, 2006
Sold by
Girvin Thomas and Girvin Joyce Irene
Bought by
Girvin Thomas Robertson
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 1, 2005
Sold by
Girvin Thomas
Bought by
Girvin Thomas and Girvin Joyce Irene
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Kassa Shewakena Molla | $645,000 | Progressive Title Company | |
| Girvin Thomas Robertson | $475,000 | First American Title Company | |
| Girvin Thomas | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Kassa Shewakena Molla | $622,425 | |
| Previous Owner | Girvin Thomas Robertson | $380,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/13/2024 09/13/24 | Sold | $645,000 | -4.3% | $518 / Sq Ft |
| 06/13/2024 06/13/24 | Price Changed | $674,000 | -3.6% | $542 / Sq Ft |
| 05/02/2024 05/02/24 | For Sale | $699,000 | -- | $562 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,189 | $645,000 | $600,000 | $45,000 |
| 2024 | $5,189 | $383,452 | $272,200 | $111,252 |
| 2023 | $5,135 | $375,934 | $266,863 | $109,071 |
| 2022 | $5,226 | $368,564 | $261,631 | $106,933 |
| 2021 | $5,175 | $361,338 | $256,501 | $104,837 |
| 2020 | $4,949 | $357,634 | $253,871 | $103,763 |
| 2019 | $4,873 | $350,623 | $248,894 | $101,729 |
| 2018 | $4,848 | $343,749 | $244,014 | $99,735 |
| 2016 | $4,592 | $330,403 | $234,540 | $95,863 |
| 2015 | $4,550 | $325,441 | $231,017 | $94,424 |
| 2014 | $4,549 | $319,067 | $226,492 | $92,575 |
Source: Public Records
Agents Affiliated with this Home
-
Lee Knickerbocker
-
Amber Walker
Buyer's Agent in 2024
Amber Walker
Coldwell Banker Envision
(714) 947-1650
38 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB24065702
APN: 4021-032-007
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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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