NOT LISTED FOR SALE

111 W Ellis Ave Inglewood, CA 90302

North Inglewood Neighborhood
10 Beds
6 Baths
5,470 Sq Ft
7,393 Sq Ft Lot

Last Sold December 30, 2020

Last sale price $1,530,000 $280 Per Sq Ft

4 Days on Market

Highlights

  • Corner Lot
  • Laundry Room
  • Heating System Uses Natural Gas
  • No HOA

About This Home

As of December 2020

Amazing six unit apartment building in the best residential area of Inglewood… The property offers 4 apartments with 2 beds 1bath and 2 apartments with 1 bed 1 bath each… Units have separate electric and gas meters… 6 carport parking spaces with storage boxes… 4 units are rented producing $5,540 per month and 2 units may be rented for $1,800 each. Estimated total rent of $9,140 per month for all units… Coin operated laundry area for tenant convenience and landlord’s extra income… Incredible opportunity to own an income property in one of the most developing and prosperous cities of LA county. Close to Culver City, Marina Del Rey, SoFi Stadium, The Forum, LAX, shopping centers, great restaurants and major freeways. Please do not walk in the property nor disturb tenants.

Last Agent to Sell the Property

Manny Archondo

Estate Properties License #01373926 Listed on: 11/13/2020

Last Buyer's Agent

Manny Archondo

Estate Properties License #01373926 Listed on: 11/13/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 7,393 Sq Ft Lot
  • No Common Walls
  • Corner Lot

Home Design

  • Split Level Home

Interior Spaces

  • 5,470 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Parking

  • 6 Parking Spaces
  • 6 Carport Spaces

Additional Features

  • Urban Location
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tax Lot 319
  • Tax Tract Number 7250
  • Assessor Parcel Number 4002019017

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $720
  • Insurance Expense $2,900
  • Maintenance Expense $1,440
  • Water Sewer Expense $6,600
  • New Taxes Expense $17,400
  • Operating Expense $29,060
  • Gross Income $700
  • Net Operating Income $75,136

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Listing Details

  • CapRate: 5.18
  • Property Attached: No
  • Water Sewer Expenses: 6600.00
  • Zoning: INP1YY
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 4002019017
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two, Multi/Split
  • Price Per Square Foot: 279.71

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Electric: Electricity - On Property
  • Heating Type: Natural Gas
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 7393.00
  • Lot Size Acres: 0.1697

Multi Family

  • Gross Income: 700.00
  • Gross Multiplier: 13.22
  • Gross Operating Income: 104196.00
  • Gross Scheduled Income: 109680.00
  • Insurance Expense: 2900.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 700.00
  • Lot Size Area: 7393.0000 Square Feet
  • Maintenance Expense: 1440.00
  • Net Operating Income: 75136.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 6
  • Operating Expense: 29060.00
  • Other Income Description: Laundry
  • Rent Control: No
  • Total Actual Rent: 5540.00
  • Total Expenses: 29060.00
  • Vacancy Allowance: 5484
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 17400.00
  • Tax Census Tract: 6013.01
  • Tax Lot: 319
  • Tax Tract Number: 7250

Range of Values:

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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
12/30/2020 12/30/20 Sold $1,530,000 0.0% $280 / Sq Ft
12/02/2020 12/02/20 Off Market $1,530,000 -- --
12/02/2020 12/02/20 For Sale $1,450,000 -5.2% $265 / Sq Ft
11/20/2020 11/20/20 Off Market $1,530,000 -- --
11/17/2020 11/17/20 Pending -- -- --
11/13/2020 11/13/20 For Sale $1,450,000 -- $265 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Manny Archondo

    Seller's Agent in 2020

    Manny Archondo

    RE/MAX

    (310) 344-9739

    2 in this area

    38 Total Sales

    Manny Archondo
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB20238063

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Inglewood 90302 North Inglewood

111 W Ellis Ave, Inglewood, CA

This home is located at 111 W Ellis Ave, Inglewood, CA 90302 since 13 November 2020. This property was built in 1961. 111 W Ellis Ave is a home located in Los Angeles County with nearby schools including Parent (Frank D.) Elementary School, Inglewood High School, and Wilder's Preparatory Academy Charter School.

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.

California Regional Multiple Listing Service (CRMLS) 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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