NOT LISTED FOR SALE

1117 E Fairview Blvd Inglewood, CA 90302

North Inglewood Neighborhood

Estimated Value: $720,000 - $1,113,000

4 Beds
2 Baths
1,900 Sq Ft
$492/Sq Ft Est. Value

Sale Details

Date Sold: June 6, 2016

Last sale price $645,000 $339 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $5,745 / mo

10 Days on Market

About This Home

As of June 2016

Beautiful remodeled duplex in the popular area of North Inglewood. NO RENT CONTROL! Both units unoccupied. Perfect for owner occupant. Two 2BD/1BA 950 units (detached) on a lot. Both properties have been renovated from top to bottom and feature new kitchens with quartz countertops, tastefully updated bathrooms and hardwood floors. New electrical and plumbing throughout the property. Each property has its own washer/dryer hookups in addition to one garage space for each unit. There is also plenty of parking available on spacious shared driveway. Located in a rapidly appreciating area close to Hollywood Park development and the new Crenshaw Line. This duplex offers an excellent opportunity for either investors looking for cash flow or owner-occupants who wish to rent out the second unit. Projected market rents are $1800+ per unit, giving a GSI of $43,200, cap rate of 5.11%, and GRM of 14.58. Bring your buyers today, this property will not last long! Can be delivered vacant or rented.

Last Agent to Sell the Property

Andrew Watkins

Avantge Real Estate License #01478668 Listed on: 04/01/2016

Last Buyer's Agent

Fred Nabati

Trimax Realty, Inc. License #01276914

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 5,512

Home Design

  • 1,900 Sq Ft Home
  • Duplex

Kitchen

  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • 6 Parking Spaces
  • Driveway

Additional Features

  • Gas Dryer Hookup
  • 5,512 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 4013-001-033

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

5,512 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Advertising Remarks: Beautiful remodeled duplex in the popular area of North Inglewood. NO RENT CONTROL! Both units unoccupied. Perfect for owner occupant. Two 2BD/1BA 950 units (detached) on a lot. Both properties have been renovated from top to bottom and feature new kitchens with quartz countertops, tastefully updated bathrooms and hardwood floors. New electrical and plumbing throughout the property. Each property has its own washer/dryer hookups in addition to one garage space for each unit. There is also plenty of parking available on spacious shared driveway. Located in a rapidly appreciating area close to Hollywood Park development and the new Crenshaw Line. This duplex offers an excellent opportunity for either investors looking for cash flow or owner-occupants who wish to rent out the second unit. Projected market rents are $1800+ per unit, giving a GSI of $43,200, cap rate of 5.11%, and GRM of 14.58. Bring your buyers today, this property will not last long! Can be delivered vacant or rented.
  • Living Area: 1900
  • Year Built: 1957
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 4
  • Total Bathrooms: 2.00
  • Equipment: Dishwasher, Gas Dryer Hookup, Microwave
  • Price Per S Q F T: 331.58

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Driveway
  • Total Parking: 6

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 113703
  • Assessed Land Value: 454824
  • Assessor Parcel Number: 4013-001-033
  • Geocode Override: No
  • Lot Size Area: 5512

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 14.58
  • Number Of Units: 2
  • Rent Control: 0
  • Type Of Units: duplex

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2016
Closed on
May 23, 2016
Sold by
Hakimi Nima
Bought by
Rothfeller Enterprises Llc
Seller's Agent
Andrew Watkins
Avantge Real Estate
Buyer's Agent
Fred Nabati
Trimax Realty, Inc.
List Price
$630,000
Sold Price
$645,000
Premium/Discount to List
$15,000
2.38%
Current Estimated Value
$935,547

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$290,547
Avg. Annual Appreciation
3.83%
Original Mortgage
$480,000
Interest Rate
3.59%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 1, 2016
Closed on
Apr 23, 2016
Sold by
Dogtown Investments Llc
Bought by
Hakimi Nima
Seller's Agent
Andrew Watkins
Avantge Real Estate
Buyer's Agent
Fred Nabati
Trimax Realty, Inc.
List Price
$630,000
Sold Price
$645,000
Premium/Discount to List
$15,000
2.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
3.59%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 13, 2015
Closed on
Oct 28, 2015
Sold by
Botf0m Up Ventures Inc
Bought by
Dogtown Investments Llc
Seller's Agent
Non-mls Src
Src Non-mls
Buyer's Agent
Non-mls Src
Src Non-mls
List Price
$425,000
Sold Price
$330,000
Premium/Discount to List
-$95,000
-22.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
147.35%

Purchase Details

Closed on
Jul 10, 2015
Sold by
Galindo Vincent
Bought by
Bottom Up Ventures Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$357,000
Interest Rate
3.91%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 18, 2005
Sold by
Galindo Maria Alicia
Bought by
Galindo Vicente

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 21, 1995
Sold by
Beneficial California Inc
Bought by
Gudino Liborio and Valencia Gilberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,933
Interest Rate
7.83%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 18, 1995
Sold by
Belle Eustace A and Belle Yvonne
Bought by
Beneficial California Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Purchase History

Date Buyer Sale Price Title Company
Rothfeller Enterprises Llc -- Title365 Company
Hakimi Nima $645,000 Title 365 Company
Dogtown Investments Llc $379,000 Title 365
Bottom Up Ventures Inc $330,000 Title 365
Galindo Vicente -- Alliance Title Company
Galindo Vicente -- Alliance Title Company
Gudino Liborio $150,000 Fidelity National Title
Beneficial California Inc -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hakimi Nima $480,000
Previous Owner Bottom Up Ventures Inc $357,000
Previous Owner Galindo Vicente $200,000
Previous Owner Gudino Liborio $146,933
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/06/2016 06/06/16 Sold $645,000 +2.4% $339 / Sq Ft
04/11/2016 04/11/16 Pending -- -- --
04/01/2016 04/01/16 For Sale $630,000 +90.9% $332 / Sq Ft
09/11/2015 09/11/15 Sold $330,000 -22.4% $194 / Sq Ft View Prior Sale
04/30/2015 04/30/15 Pending -- -- --
04/13/2015 04/13/15 For Sale $425,000 -- $250 / Sq Ft
Source: The MLS

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 $9,830 $763,541 $458,124 $305,417
2024 $9,830 $748,571 $449,142 $299,429
2023 $9,728 $733,894 $440,336 $293,558
2022 $9,917 $719,504 $431,702 $287,802
2021 $9,823 $705,397 $423,238 $282,159
2020 $9,377 $698,165 $418,899 $279,266
2019 $9,222 $684,477 $410,686 $273,791
2018 $9,190 $671,057 $402,634 $268,423
2016 $5,285 $379,000 $279,000 $100,000
2015 $7,767 $568,527 $454,824 $113,703
2014 $7,759 $557,391 $445,915 $111,476
Source: Public Records

Agents Affiliated with this Home

  • Andrew Watkins

    Seller's Agent in 2016

    Andrew Watkins

    Avantge Real Estate

    (310) 383-6239

    55 Total Sales

    Andrew Watkins
    Section Image
  • Fred Nabati

    Buyer's Agent in 2016

    Fred Nabati

    Trimax Realty, Inc.

    (424) 704-3373

    34 Total Sales

    Fred Nabati
    Section Image

  • N

    Seller's Agent in 2015

    Non-mls Src

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Map

Source: The MLS

MLS Number: 16-111368

The MLS

APN: 4013-001-033

California Los Angeles County Inglewood 90302 North Inglewood

1117 E Fairview Blvd, Inglewood, CA

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