NOT LISTED FOR SALE

10515 S Grevillea Ave Inglewood, CA 90304

Lennox Neighborhood

Estimated Value: $727,000 - $934,000

2 Beds
1 Bath
1,645 Sq Ft
$513/Sq Ft Est. Value

Last Sold September 18, 2014

Last sale price $400,000 $243 Per Sq Ft

Est. 111% increase in value since last sale

Current estimated payment $5,120/month

31 Days on Market

Highlights

  • Wood Flooring
  • Laundry Room
  • East Facing Home
  • Private Yard
  • 2 Car Garage
  • Rectangular Lot

About This Home

As of September 2014

Two units on a nearly 10,000 square foot lot in LENNOX CA.. Each unit has 2bed/1bath, One unit is 770 sq. ft. and the other is 875 sq. ft. The original unit was built in 1921 and the second in 1956 (per the assessor data). Front unit has a laundry room inside. Offered at a discounted price for some needed repairs. Can purchase as an investment or live in one and rent the other.

Last Agent to Sell the Property

John Martinez

310 Realty Club License #01869835 Listed on: 06/08/2014

Last Buyer's Agent

Al Martinez

HOME TEAM REALTY License #01497796

HOME TEAM REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,284

Year Built

  • Built in 1921

Lot Details

  • 9,714 Sq Ft Lot
  • No Common Walls
  • East Facing Home
  • Wood Fence
  • Chain Link Fence
  • Rectangular Lot
  • Level Lot
  • Private Yard
  • Back Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway
  • Uncovered Parking

Home Design

  • Cosmetic Repairs Needed
  • Raised Foundation
  • Slab Foundation
  • Shingle Roof
  • Stucco

Interior Spaces

  • 1,645 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Utilities

  • Septic Type Unknown

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 57
  • Tax Tract Number 288
  • Assessor Parcel Number 4036020006

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,140
  • Trash Expense $360
  • Water Sewer Expense $1,200
  • New Taxes Expense $6,194
  • Gross Income $2,400
  • Net Operating Income $18,466

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,284

Year Built

Built in 1921

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • CapRate: 5.00
  • Property Attached: No
  • View: No
  • Water Sewer Expenses: 1200.00
  • Property Condition: Repairs Cosmetic
  • Property Type: Residential Income
  • Parcel Number: 4036020006
  • Year Built: 1921
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile, Wood
  • Levels: One
  • Price Per Square Foot: 243.16

Exterior Features

  • Direction Faces: East
  • Foundation: Slab, Raised
  • Fencing: Chain Link, Wood
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Covered, Concrete, Driveway, Garage, Uncovered
  • Total Parking Spaces: 7.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside, Individual Room
  • Sewer: Unknown
  • Trash Expense: 360.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: Back Yard, Level, Rectangular Lot, Yard
  • Lot Size Sq Ft: 9714.00
  • Lot Size Acres: 0.2230

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 2400.00
  • Gross Multiplier: 13.00
  • Gross Scheduled Income: 28800.00
  • Insurance Expense: 1140.00
  • Lot Size Area: 9714.0000 Square Feet
  • Net Operating Income: 18466.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 8894.00
  • Rent Control: No
  • Total Actual Rent: 2400.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 6194.00
  • Tax Lot: 57
  • Tax Tract Number: 288
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2014
Closed on
Sep 11, 2014
Sold by
Garcia Torres Victor M and Garcia De Torres Marisela
Bought by
Cervantes Jesus
Seller's Agent
John Martinez
310 Realty Club
Buyer's Agent
Al Martinez
HOME TEAM REALTY
List Price
$380,000
Sold Price
$400,000
Premium/Discount to List
$20,000
5.26%
Current Estimated Value
$844,568

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$444,568
Avg. Annual Appreciation
6.88%
Original Mortgage
$392,755
Outstanding Balance
$301,897
Interest Rate
4.25%
Mortgage Type
FHA
Estimated Equity
$542,671

Purchase Details

Listed on
Jun 8, 2014
Closed on
Sep 7, 2014
Sold by
Martinez Maria De Jesus
Bought by
Cervantes Jesus
Seller's Agent
John Martinez
310 Realty Club
Buyer's Agent
Al Martinez
HOME TEAM REALTY
List Price
$380,000
Sold Price
$400,000
Premium/Discount to List
$20,000
5.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,755
Outstanding Balance
$301,897
Interest Rate
4.25%
Mortgage Type
FHA
Estimated Equity
$542,671

Purchase Details

Closed on
May 19, 2004
Sold by
Vigon Carlos and Vigon Lydia P
Bought by
Torres Victor M and Detorres Marisela Garcia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,000
Interest Rate
5.86%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 8, 1996
Sold by
Vigon Carlos and Vigon Lydia
Bought by
Vigon Carlos and Vigon Lydia P
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Cervantes Jesus $400,000 Provident Title Company
Cervantes Jesus -- Provident Title Company
Torres Victor M $410,000 Fatcola
Vigon Carlos -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cervantes Jesus $392,755
Previous Owner Torres Victor M $328,000
Closed Torres Victor M $41,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/18/2014 09/18/14 Sold $400,000 +5.3% $243 / Sq Ft
07/09/2014 07/09/14 Pending -- -- --
06/08/2014 06/08/14 For Sale $380,000 -- $231 / 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 $8,284 $480,732 $360,551 $120,181
2024 $8,284 $471,307 $353,482 $117,825
2023 $7,959 $462,066 $346,551 $115,515
2022 $7,870 $453,006 $339,756 $113,250
2021 $7,627 $444,125 $333,095 $111,030
2020 $7,433 $439,572 $329,680 $109,892
2019 $7,059 $430,954 $323,216 $107,738
2018 $6,821 $422,505 $316,879 $105,626
2016 $6,196 $406,100 $304,575 $101,525
2015 $6,026 $400,000 $300,000 $100,000
2014 $5,942 $388,000 $278,000 $110,000
Source: Public Records

Agents Affiliated with this Home

  • John Martinez

    Seller's Agent in 2014

    John Martinez

    310 Realty Club

    (310) 706-7460

    20 Total Sales

    John Martinez
    Section Image

  • A

    Buyer's Agent in 2014

    Al Martinez

    HOME TEAM REALTY

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB14121759

California Regional Multiple Listing Service (CRMLS)

APN: 4036-020-006

California Los Angeles County Inglewood 90304 Lennox

10515 S Grevillea Ave, Inglewood, CA

Not Listed for Sale

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