NOT LISTED FOR SALE

10405 S Grevillea Ave Inglewood, CA 90304

Lennox Neighborhood
6 Beds
2 Baths
4,318 Sq Ft
0.32 Acres

Last Sold January 04, 2013

Last sale price $380,000 $88 Per Sq Ft

156 Days on Market

Highlights

  • 0.32 Acre Lot
  • Corner Lot
  • No HOA

About This Home

As of January 2013

PRICE REDUCTION-WE NEED TO SELL FAST!!! Located on the corner of Grevillea Avenue & 104th Street. This multi-use property consists of a commercial building with 2 detached units that could be two great homes. One unit is a 3 bedroom + 1 bath and the second unit is 3 bedrooms + den + 1 bath. Both units are fixers. Commercial building is approximately 2200 square feet. Excellent parking for at least 12 cars. Perfect for investors. Great owner user opportunity.

Last Agent to Sell the Property

Susan Featherly

Better Homes and Gardens Real Estate Town Center License #01445745 Listed on: 05/21/2012

Better Homes and Gardens Real Estate Town Center

Co-Listed By

Peter Micalchuck

Better Homes and Gardens Real Estate Town Center License #01241899

Last Buyer's Agent

Jose Suriel

City Stars Real Estate License #01893146

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,579

Year Built

  • Built in 1910

Lot Details

  • 0.32 Acre Lot
  • Corner Lot

Parking

  • 12 Parking Spaces

Home Design

  • 4,318 Sq Ft Home
  • Major Repairs Completed
  • Fixer Upper

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 60
  • Tax Tract Number 288
  • Assessor Parcel Number 4036020018

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Insurance Expense $1,000
  • Trash Expense $800
  • New Taxes Expense $7,487
  • Gross Income $4,200
  • Net Operating Income $41,113

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,579

Year Built

Built in 1910

Lot Details

0

Listing Details

  • CapRate: 9.27
  • Zoning: LCR2YY
  • Property Condition: Fixer, Repairs Major
  • Property Type: Residential Income
  • Parcel Number: 4036020018
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Levels: One
  • Price Per Square Foot: 88.00

Garage/Parking

  • Total Parking Spaces: 12.00

Utilities

  • Trash Expense: 800.00

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 14009.00
  • Lot Size Acres: 0.3220

Multi Family

  • Gross Income: 4200.00
  • Gross Multiplier: 8.61
  • Gross Scheduled Income: 50400.00
  • Gross Spendable Income: 50400.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 14009.0000 Square Feet
  • Net Operating Income: 41113.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 3
  • Operating Expense: 9287.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 7487.00
  • Tax Lot: 60
  • Tax Tract Number: 288

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 15, 2016
Sold by
Silva Joe B and Silva Betty Lee
Bought by
Silva Joe B and Silva Betty Lee

Purchase Details

Closed on
Sep 1, 2016
Sold by
Silva Grantors Joe B and Silva Betty Lee
Bought by
Silva Joe B and Silva Betty Lee

Purchase Details

Closed on
Jul 29, 2011
Sold by
Pomeranz Norm
Bought by
Lee Ronald Wayne

Purchase Details

Closed on
Apr 19, 2011
Sold by
Lee Bobbie Gene and Lee Bobbie G
Bought by
Lee Ronald W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
4.53%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 12, 2007
Sold by
Pomeranz Julia
Bought by
Pomeranz Norm

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
6.42%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 11, 2007
Sold by
Riviera Properties Group Inc
Bought by
Pomeranz Norm

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
6.42%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 11, 2007
Sold by
Liberty Financial Group Llc
Bought by
Riviera Properties Group Inc

Purchase Details

Closed on
Oct 25, 2006
Sold by
Liberty Financial Group Llc
Bought by
Cardenas Rodolfo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
6.36%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 10, 2006
Sold by
Lee Bobby Gene and Lee Bobby Gene
Bought by
Liberty Financial Group Llc

Purchase Details

Closed on
Feb 26, 2003
Sold by
Wallace Charlotte Kaye and Bob G Lee Revocable Living Tru
Bought by
Lee Ronald Wayne and Lee Bobby Gene

Purchase Details

Closed on
Oct 5, 1994
Sold by
Lee Bob G
Bought by
Lee Bob G and The Bob G Lee Revocable Living
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Silva Joe B -- None Available
Silva Joe B -- None Available
Lee Ronald Wayne $125,000 First American Title Company
Lee Ronald W -- First American Title Company
Pomeranz Norm -- None Available
Pomeranz Norm -- First American Title Co La
Riviera Properties Group Inc $135,000 None Available
Cardenas Rodolfo -- None Available
Liberty Financial Group Llc -- None Available
Lee Ronald Wayne -- --
Lee Bob G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lee Ronald W $125,000
Previous Owner Pomeranz Norm $80,000
Previous Owner Cardenas Rodolfo $160,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/04/2013 01/04/13 Sold $380,000 -36.6% $88 / Sq Ft
10/24/2012 10/24/12 Pending -- -- --
05/21/2012 05/21/12 For Sale $599,000 -- $139 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $6,579 $467,931 $406,364 $61,567
2024 $6,579 $458,757 $398,397 $60,360
2023 $6,465 $449,763 $390,586 $59,177
2022 $6,488 $440,945 $382,928 $58,017
2021 $6,036 $432,300 $375,420 $56,880
2020 $5,679 $427,868 $371,571 $56,297
2019 $5,310 $419,480 $364,286 $55,194
2018 $5,183 $411,256 $357,144 $54,112
2016 $4,957 $395,288 $343,277 $52,011
2015 $4,891 $389,351 $338,121 $51,230
2014 $7,879 $381,725 $331,498 $50,227
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: B12064036

California Regional Multiple Listing Service (CRMLS)

APN: 4036-020-018