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

Sale Details

Date 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

  • 30,350 Sq Ft 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

0.7 Acres

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 15, 2015
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,937,500
Interest Rate
0.0397%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 27, 2005
Sold by
Bought by

Purchase Details

Closed on
Feb 27, 1998
Sold by
Bought by

Purchase Details

Closed on
Jun 30, 1997
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$3,100,000 Title 365
-- None Available
$441,000 First American Title Co
$345,000 First American Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $3,020,000
Previous Owner $1,937,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $26,677 $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
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