NOT LISTED FOR SALE

115 N Oak St Inglewood, CA 90301

7 Beds
7 Baths
23,228 Sq Ft
0.78 Acres

Last Sold June 13, 2024

Last sale price $8,750,000 $377 Per Sq Ft

56 Days on Market

Highlights

  • 0.78 Acre Lot
  • Community Pool
  • Laundry Room

About This Home

As of June 2024

CALL FOR OFFERS MAY 17th 5pm

115 N Oak St is a pride of ownership, 41-unit building
located in one of the nicest pockets of Inglewood. Add
major value by building 10 ADUs. The property will
operate at an 7.54% CAP and 9.42 GRM once ADUs are
built out.
The subject property is comprised of (1) 2Bed+1Bath,
(27) 1Bed+1Bath, (13) Studio+1bath units, each of which
features a tuck under gated parking spot. Beneficial to
the tenants, there is a pool onsite, as well as a laundry
room.
The subject property is located only minutes away
from Sofi Stadium, YouTube Theater, Intuit Dome, LAX
airport, and many more developments. 115 N Oak St is
an ideal investment opportunity for any investor
looking to own a prime asset in once of the most
rapidly appreciating neighborhoods of Los Angeles.
*Buyer to verify all information*

Last Agent to Sell the Property

Cameron Samimi

Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-259-7556 License #02035763 Listed on: 04/17/2024

Lyon Stahl Investment Real Estate, Inc.

Co-Listed By

Michael Padilla

Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-259-7556 License #01993341

Last Buyer's Agent

Peter Bledsoe

Realty Executives Westside License #00814749

Realty Executives Westside

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 0.78 Acre Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 41 Parking Spaces

Home Design

  • Apartment

Interior Spaces

  • 23,228 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Bathrooms

Additional Features

  • Fence Around Pool
  • Urban Location

Listing and Financial Details

  • Tax Lot 14
  • Tax Tract Number 1234
  • Assessor Parcel Number 4018009016
  • $8,265 per year additional tax assessments

Community Details

Recreation

  • Community Pool

Building Details

  • Rent Control
  • 42 Separate Electric Meters
  • 42 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $232,410
  • Gross Income $723,665
  • Net Operating Income $469,545

Additional Features

  • 41 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • CapRate: 5.08
  • Price Per Unit: 225610
  • Property Attached: Yes
  • Zoning: INR4*
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 4018009016
  • Year Built: 1958
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: Front
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 376.70

Exterior Features

  • Pool Features: Community, Fenced
  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 41.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 34121.00
  • Lot Size Acres: 0.7833
  • Latitude Manual: 33.96347200

Multi Family

  • Gross Income: 723665.00
  • Gross Multiplier: 12.78
  • Gross Scheduled Income: 723665.00
  • Lot Size Area: 34121.0000 Square Feet
  • Net Operating Income: 469545.00
  • Number Of Separate Electric Meters: 42
  • Number Of Separate Gas Meters: 42
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 41
  • Operating Expense: 232410.00
  • Rent Control: Yes
  • Total Expenses: 232410.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Census Tract: 6014.01
  • Tax Lot: 14
  • Tax Tract Number: 1234
  • TaxOtherAnnualAssessmentAmount: 8265.00

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
06/13/2024 06/13/24 Sold $8,750,000 -5.4% $377 / Sq Ft
04/17/2024 04/17/24 For Sale $9,250,000 -- $398 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Cameron Samimi

    Seller's Agent in 2024

    Cameron Samimi

    Lyon Stahl Investment Real Estate, Inc.

    (310) 259-7556

    7 in this area

    185 Total Sales

    Cameron Samimi
    Section Image
  • Michael Padilla

    Seller Co-Listing Agent in 2024

    Michael Padilla

    Lyon Stahl Investment Real Estate, Inc.

    (310) 420-2541

    4 in this area

    20 Total Sales

    Michael Padilla
    Section Image
  • Peter Bledsoe

    Buyer's Agent in 2024

    Peter Bledsoe

    Realty Executives

    (310) 968-6582

    1 in this area

    18 Total Sales

    Peter Bledsoe
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB24069208

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Inglewood 90301

115 N Oak St, Inglewood, CA

This home is located at 115 N Oak St, Inglewood, CA 90301 since 17 April 2024. This property was built in 1958. 115 N Oak St is a home located in Los Angeles County with nearby schools including Oak Street Elementary School, Crozier (George W.) Middle School, and Inglewood High 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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