116 S Fir Ave Inglewood, CA 90301
Estimated payment $9,479/month
About This Home
Located in the heart of Inglewood, this highly desirable property with a great unit mix of 6 generously proportioned apartments includes one (1) one-bedroom /one-bath unit, four (4) two-bedrooms/one bath units and one (1) three-bedrooms/2 baths unit. Held and meticulously maintained by the same family since 1977, this attractive building with a strong rental history and large upside potential features ample tuck-under and carport parking perfect for converting into additional ADUs. Drought tolerant landscaping, separate laundry facility, and one completely renovated 2 bedroom unit with new appliances, countertops, fixtures and engineered wood flooring are also present in this complex. An added bonus is SB 721 balcony retrofit has already been completed! This property’s strategic location in the “City of Champions” offers quick and easy access to shopping, dining, and the nearby iconic sports and entertainment venues: Kia Forum, SoFi Stadium, YouTube Theatre, and the Beckman YOLA Center. Transportation is a breeze with hubs like LAX and the Florence/La Brea Metro Station only a few short miles away. Significant to know, the building is not in the LAX flight path. Additionally, Cozier Middle School, City Honors International Preparatory School, and Inglewood High School are all within blocks of this property. With a high demand for housing in the area, this property affords an excellent income-generating opportunity and is a wise investment for both the experienced investor looking to expand their portfolio or add additional units, and the first-time investor interested in generating passive income.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1963
Lot Details
- 8,000 Sq Ft Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Home Design
- Apartment
- Entry on the 1st floor
- Slab Foundation
Interior Spaces
- 4,688 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 12 Bedrooms
- 7 Bathrooms
Parking
- 9 Parking Spaces
- 9 Carport Spaces
Location
- Suburban Location
Listing and Financial Details
- Legal Lot and Block 24 / 217
- Tax Tract Number 601211
- Assessor Parcel Number 4020024015
- $1,744 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 6 Units
Amenities
- Laundry Facilities
Building Details
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $639
- Fuel Expense $1,860
- Gardener Expense $1,080
- Insurance Expense $6,055
- Professional Management Expense $5,000
- Trash Expense $3,410
- Water Sewer Expense $7,500
- Operating Expense $25,542
- Gross Income $128,136
- Net Operating Income $102,594
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/13/2025 06/13/25 | Price Changed | $1,498,000 | -3.4% | $320 / Sq Ft |
| 05/29/2025 05/29/25 | For Sale | $1,550,000 | 0.0% | $331 / Sq Ft |
| 05/05/2025 05/05/25 | Pending | -- | -- | -- |
| 04/07/2025 04/07/25 | For Sale | $1,550,000 | -- | $331 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV25061631
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