NOT LISTED FOR SALE
20 Beds
20 Baths
12,845 Sq Ft
0.7 Acres

Last Sold February 18, 2016

Last sale price $3,100,000 $241 Per Sq Ft

42 Days on Market

Highlights

  • 30,350 Sq Ft lot
  • Landscaped
  • 1-Story Property
  • Lawn
  • Laundry Facilities

About This Home

As of February 2016

Unique property and amazing potential providing once in a life time opportunity to own this 20 unit building on a 30,000+ SF Lot on 4 Separate Parcels! (APN#s 4013-002-001 & 002 & 003 & 005). Situated on a corner, ideal for development w/ access from Fairview & Hyde Park Bl. Current R3 zoning may allow 27 units(buyer to verify). Long term owners' current below market rents provide about 20% upside to the new owner creating high cash flow and equity growth ! Well Maintained Non Rent Control Asset. Bungalow style units have Front & Rear Access with garden/open yard. Units individually metered for gas, electric & water heater. Amenities include Owner owned Coin operated laundry room, central courtyard & Ample on-site parking. Fairview Hgts Metro Station (Crenshaw/LAX line) when completed will be only few blocks away.Inglewood is "hot" area with proposed 238 Ac Hollywd Park development project w/ stadium, Retail & Restaurant Buildings. Make offer subject to Inspection.DO NOT DISTURB TENANT

Last Agent to Sell the Property

Anoop Garg

The Real Estate Consult. Wstsd License #01060730 Listed on: 11/09/2015

Last Buyer's Agent

Kenny Stevens

Compass License #01090251

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1944

Lot Details

  • 0.7 Acre Lot
  • Landscaped
  • Lawn

Home Design

  • Asphalt Roof
  • Stucco

Interior Spaces

  • 12,845 Sq Ft Home
  • 1-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 20 Bedrooms
  • 20 Bathrooms

Parking

  • 20 Parking Spaces
  • Driveway
  • Assigned Parking

Utilities

  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Tenant pays for electricity, gas, hot water
  • The owner pays for gardener, water
  • Assessor Parcel Number 4013-002-001

Community Details

Overview

  • 5 Buildings
  • 20 Units

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1944

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: Yes
  • Living Area: 12845
  • Lot Dimensions: A0.697
  • Manager Expense: 10800.00
  • Stories: 1
  • Year Built: 1944
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 20
  • Laundry: Community
  • Laundry Equipment: Own
  • Total Bathrooms: 20.00
  • Equipment: Range/Oven
  • Price Per S Q F T: 241.00

Exterior Features

  • Construction: Stucco
  • Tennis Court Y/N: No
  • Pool: No
  • Roof: Asphalt
  • View: No

Garage/Parking

  • Parking Garage: Assigned, Driveway - Concrete, Parking Space
  • Total Parking: 20

Utilities

  • Electric Expense: 1741.00
  • Heating: Wall
  • Water Expense: 8679.00

Fee Information

  • Gas Expense: 353.00
  • Insurance Expense: 5022.00
  • Maintenance Expense: 12000.00
  • Management Expense: 4200.00
  • Trash Expense: 2334.00

Lot Info

  • Assessed Improvement Value: 412099
  • Assessed Land Value: 173738
  • Total Assessed Value: 585837
  • Assessor Parcel Number: 4013-002-001
  • Geocode Override: No
  • Lot Description: Landscaped, Lawn
  • Lot Size Area: 30350

Rental Info

  • Land Lease Type: Fee
  • Owner Pays: Gardener, Water
  • Tenant Pays: Electricity, Gas, Hot Water

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 11.61
  • Number Of Units: 20
  • Rent Control: 0
  • Type Of Units: Bungalow

Tax Info

  • Tax Expense: 43400.00
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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 List to Sale Price per Sq Ft
02/18/2016 02/18/16 Sold $3,100,000 0.0% $241 / Sq Ft
12/21/2015 12/21/15 Pending -- -- --
11/09/2015 11/09/15 For Sale $3,100,000 -- $241 / 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 $24,926 $1,823,041 $1,093,825 $729,216
2024 $24,926 $1,787,296 $1,072,378 $714,918
2023 $24,665 $1,752,251 $1,051,351 $700,900
2022 $25,102 $1,717,894 $1,030,737 $687,157
2021 $24,891 $1,684,211 $1,010,527 $673,684
2019 $23,441 $1,635,458 $980,555 $654,903
2018 $23,276 $1,603,415 $961,329 $642,086
2016 $4,534 $188,818 $40,454 $148,364
2015 $4,484 $185,983 $39,847 $146,136
2014 $4,527 $182,341 $39,067 $143,274
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 15-957421

The MLS