NOT LISTED FOR SALE

11022 S Grevillea Ave Inglewood, CA 90304

Lennox Neighborhood
10 Beds
10 Baths
6,290 Sq Ft
0.32 Acres

Last Sold May 17, 2022

Last sale price $1,950,000 $310 Per Sq Ft

2 Days on Market

Highlights

  • 0.32 Acre Lot
  • Garden
  • 5-minute walk to Hawthorne Station

About This Home

As of May 2022

Value Add Opportunity! 11022 S Grevillea Avenue (6 Units) & 11023 S Burin Avenue (4 Units), allow and investor to acquire two properties for the price of one!

All units have their own separate 2-Car Garages.

60% of units were built in 1989 (Grevillea), and the rest in the 1950's (est. for Burin). Additionally, the property boasts ample parking with Six (6) Two-Car Garages, 12 Carports (Behind the Garages), and Open Parking, The real estate is also situated in an opportunity zone and falls under County of Los Angeles RSO.

Last Agent to Sell the Property

Patrick Swanson

Pat Swanson License #01382974 Listed on: 02/15/2022

Last Buyer's Agent

Patrick Swanson

Pat Swanson License #01382974 Listed on: 02/15/2022

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1989

Lot Details

  • 0.32 Acre Lot
  • Two or More Common Walls
  • Garden

Parking

  • 12 Open Parking Spaces
  • 12 Car Garage

Home Design

  • 6,290 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Bathrooms

Listing and Financial Details

  • Tax Lot 38
  • Tax Tract Number 287
  • Assessor Parcel Number 4037014029
  • $8,414 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 10 Units

Building Details

  • Rent Control
  • 11 Separate Electric Meters
  • 11 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $4,248
  • Fuel Expense $1,965
  • Insurance Expense $2,724
  • Trash Expense $8,338
  • Operating Expense $61,623
  • Gross Income $142,683
  • Net Operating Income $82,260

Property Details

Home Type

Multi-Family

Year Built

Built in 1989

Lot Details

0

Parking

12

Listing Details

  • Price Per Unit: 199500
  • Property Attached: Yes
  • Zoning: LCR3YY
  • Property Type: Residential Income
  • Parcel Number: 4037014029
  • Year Built: 1989
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 310.02

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 12.00
  • Total Parking Spaces: 24.00
  • Uncovered Spaces: 12.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 8338.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Garden
  • Lot Size Sq Ft: 13966.00
  • Lot Size Acres: 0.3206

Multi Family

  • Electric Expense: 4248.00
  • Fuel Expense: 1965.00
  • Gross Income: 142683.00
  • Gross Scheduled Income: 147096.00
  • Insurance Expense: 2724.00
  • Lot Size Area: 13966.0000 Square Feet
  • Net Operating Income: 82260.00
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 11
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 10
  • Operating Expense: 61623.00
  • Rent Control: Yes
  • Total Actual Rent: 12258.00
  • Total Expenses: 61623.00

Tax Info

  • Tax Census Tract: 6017.00
  • Tax Lot: 38
  • Tax Tract Number: 287
  • TaxOtherAnnualAssessmentAmount: 8414.00

Range of Values:

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Average Value
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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

Property History

Date Event Price Change Sq Ft Price
05/17/2022 05/17/22 Sold $1,950,000 -2.3% $310 / Sq Ft
02/17/2022 02/17/22 Pending -- -- --
02/15/2022 02/15/22 For Sale $1,995,000 +141.8% $317 / Sq Ft
02/12/2014 02/12/14 Sold $825,000 -7.8% $121 / Sq Ft
01/30/2014 01/30/14 Pending -- -- --
01/06/2014 01/06/14 For Sale $895,000 -- $131 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC22030244

California Regional Multiple Listing Service (CRMLS)