$1,125,000
SOLD OCT 29, 2024
9 Beds
5 Baths
4,440 Sq Ft
7,766 Sq Ft Lot

Recently Sold

$253 Per Sq Ft

17% Below List Price

24 Days on Market

About This Home

As of October 2024

We are proud to present this 4-unit apartment in the highly desirable northwest Inglewood area! Consisting of 4 oversized units north of Centinela, this property offers a unique opportunity to acquire the perfect owner-user or investment opportunity in the City of Champions!On the market for the first time in over 20 years, the offering features a total of 4 apartment units consisting of 4,440 total building square feet. The unit mix comprises of three 2-bedroom/1-bathroom units and one 3-bedroom/1.5-bathroom owner's unit. Each unit includes a washer/dryer hookup allowing a new owner to maximize rental upside upon tenant turnover. In the back, there are 4 single car garages along with ample street parking as the area consists of mainly single-family homes and smaller multifamily properties. Electricity and gas are individually metered for each unit keeping utility costs relatively low. Rents are due for increases April 2025 and can be increased 10% per Inglewood rent control (buyer to verify). Recent capital improvements include new exterior paint in 2021. All tenants are month to month at the property. Sitting north of Centinela Ave and west of La Brea Ave, this area of Inglewood is the most desirable pocket of the city. Single family homes north of Centinela sell for $1M+ making this opportunity highly attractive for a potential owner-user looking to occupy the 3-bedroom owner's unit while renting the three units in the back for additional income. Do not miss your opportunity to acquire this incredible property in the city of Inglewood!

Last Agent to Sell the Property

John Katnik

BRC Advisors- BH License #02002695 Listed on: 08/18/2024

BRC Advisors- BH

Last Buyer's Agent

Mazdak Sarehkhani

Mazdak Sarehkhani License #01811455

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,392

Year Built

  • Built in 1958

Parking

  • 4 Car Garage

Interior Spaces

  • 4,440 Sq Ft Home
  • 2-Story Property
  • Laundry in unit

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Additional Features

  • 7,766 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Units
  • Rent Control

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water, gardener
  • Assessor Parcel Number 4002-017-017

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,392

Year Built

Built in 1958

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: No
  • Living Area: 4440
  • Lot Acreage: 0.1783
  • Probate: No
  • Stories: 2
  • Year Built: 1958
  • Number Of Photos: 9
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 9
  • Common Walls: Attached
  • Laundry: In Unit
  • Total Bathrooms: 5.00
  • Price Per S Q F T: 304.05

Exterior Features

  • Other Structures: None

Garage/Parking

  • Garage Spaces: 4
  • Parking Garage: Garage
  • Total Parking: 4

Utilities

  • Heating: Wall
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 28.57
  • Assessed Improvement Value: 141985
  • Assessed Land Percent: 71.43
  • Assessed Land Value: 354976
  • Total Assessed Value: 496961
  • Assessor Parcel Number: 4002-017-017
  • Lot Size Area: 7766

Rental Info

  • Owner Pays: Water, Gardener
  • Rent Control: Yes
  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 19.23
  • Number Of Units: 4
  • Rent Control: 100
  • Total Annual Expense: 29095
  • Type Of Units: 2 and 3s
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: 0%

Tax Info

  • Private Transfer Taxes: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2024
Closed on
Sep 27, 2024
Sold by
Steve And Deyna Hearn 2009 Trust and Hearn Steve
Bought by
Del Mar 26 Holdings Llc
Seller's Agent
John Katnik
BRC Advisors- BH
Buyer's Agent
Mazdak Sarehkhani
Mazdak Sarehkhani
List Price
$1,350,000
Sold Price
$1,125,000
Premium/Discount to List
-$225,000
-16.67%
Views
17
Current Estimated Value
$1,160,011

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,011
Avg. Annual Appreciation
3.27%
Original Mortgage
$843,750
Outstanding Balance
$835,476
Interest Rate
6.2%
Mortgage Type
New Conventional
Estimated Equity
$321,484

Purchase Details

Closed on
Jan 21, 2009
Sold by
Hearn Steve and Hearn Michelle
Bought by
Hearn Steve and Hearn Deyna Michelle

Purchase Details

Closed on
Aug 13, 2001
Sold by
Knight Cedric and Knight Elisabeth
Bought by
Hearn Steve and Hearn Deyna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$297,500
Interest Rate
7.05%
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Grant Deed $1,125,000 Commonwealth Land Title Compan
Interfamily Deed Transfer -- None Available
Grant Deed $350,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $843,750 New Conventional
Previous Owner $363,600 Unknown
Previous Owner $297,500 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/29/2024 10/29/24 Sold $1,125,000 -16.7% $253 / Sq Ft
09/11/2024 09/11/24 Pending -- -- --
08/18/2024 08/18/24 For Sale $1,350,000 -- $304 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

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 $7,392 $1,125,000 $1,000,000 $125,000
2024 $7,392 $506,899 $362,075 $144,824
2023 $7,317 $496,961 $354,976 $141,985
2022 $7,437 $487,217 $348,016 $139,201
2021 $7,359 $477,665 $341,193 $136,472
2019 $6,942 $463,499 $331,074 $132,425
2018 $6,830 $454,412 $324,583 $129,829
2016 $6,441 $436,769 $311,980 $124,789
2015 $6,382 $430,209 $307,294 $122,915
2014 $6,388 $421,783 $301,275 $120,508
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-429299

The MLS

APN: 4002-017-017