NOT LISTED FOR SALE

121 E Spruce Ave Inglewood, CA 90301

6 Beds
5 Baths
3,449 Sq Ft
10,031 Sq Ft Lot Lot

Sale Details

Date Sold: March 18, 2015

Last sale price $735,000 $213 Per Sq Ft

17 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Neighborhood Views
  • Landscaped
  • Wood Flooring
  • Garden

About This Home

As of March 2015

This highly desirable 5-unit investment apartment complex is located very close to the lucrative Hollywood Park redevelopment project in Inglewood and only a few miles from Centinela Hospital. The building is 5 total units and consists of four one bedroom, one bathroom units and one two bedroom unit. Each unit is a free-standing house and separately metered for gas and electric. This property is in great condition and has been retrofitted by the FAA to include newer doors, windows, electrical and HVAC. This investment property will not last long.

Last Agent to Sell the Property

Brett Lyon

Lyon Stahl Investment Real Estate, Inc. License #01717818 Listed on: 01/06/2015

Lyon Stahl Investment Real Estate, Inc.

Co-Listed By

Woody Stahl

Lyon Stahl Investment Real Est License #01399621

Last Buyer's Agent

Brett Lyon

Lyon Stahl Investment Real Estate, Inc. License #01717818 Listed on: 01/06/2015

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1941

Lot Details

  • 10,031 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped
  • Garden

Parking

  • 5 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 3,449 Sq Ft Home
  • Neighborhood Views

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 6 Bedrooms
  • All Bedrooms Down
  • 5 Bathrooms

Utilities

  • Septic Type Unknown

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 23
  • Tax Tract Number 4569
  • Assessor Parcel Number 4021020025

Community Details

Overview

  • 5 Buildings
  • 5 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $250
  • Fuel Expense $250
  • Gardener Expense $1,200
  • Insurance Expense $1,552
  • Maintenance Expense $2,781
  • Professional Management Expense $2,781
  • Trash Expense $1,750
  • Water Sewer Expense $1,750
  • New Taxes Expense $8,438
  • Operating Expense $20,752
  • Gross Income $4,635
  • Net Operating Income $32,087

Property Details

Home Type

Multi-Family

Year Built

Built in 1941

Lot Details

10,031 Sq Ft Lot

Parking

5

Listing Details

  • Professional Management Expense: 2781.00
  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 1750.00
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 4021020025
  • Year Built: 1941
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Wood
  • Price Per Square Foot: 213.11
  • Room Type: All Bedrooms Down

Exterior Features

  • View: Neighborhood
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Sewer: Unknown
  • Trash Expense: 1750.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Lot Features: Garden, Landscaped
  • Lot Size Sq Ft: 10031.00
  • Lot Size Acres: 0.2300

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 250.00
  • Fuel Expense: 250.00
  • Gross Income: 4635.00
  • Gross Operating Income: 52839.00
  • Gross Scheduled Income: 55620.00
  • Insurance Expense: 1552.00
  • Lot Size Area: 10031.0000 Square Feet
  • Maintenance Expense: 2781.00
  • Net Operating Income: 32087.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 20752.00
  • Rent Control: No
  • Total Expenses: 20752.00

Tax Info

  • New Taxes Expense: 8438.00
  • Tax Lot: 23
  • Tax Tract Number: 4569
  • Tax Year: 2014
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Property History

Date Event Price List to Sale Price per Sq Ft
03/18/2015 03/18/15 Sold $735,000 +8.9% $213 / Sq Ft
01/23/2015 01/23/15 Pending -- -- --
01/06/2015 01/06/15 For Sale $675,000 -- $196 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $12,221 $883,350 $781,199 $102,151
2024 $12,221 $866,031 $765,882 $100,149
2023 $12,096 $849,051 $750,865 $98,186
2022 $12,308 $832,404 $736,143 $96,261
2021 $12,202 $816,083 $721,709 $94,374
2020 $11,696 $807,716 $714,309 $93,407
2019 $11,513 $791,879 $700,303 $91,576
2018 $11,474 $776,353 $686,572 $89,781
2016 $10,820 $746,208 $659,912 $86,296
2015 $5,110 $301,666 $215,481 $86,185
2014 $5,126 $295,758 $211,261 $84,497
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB15002941

California Regional Multiple Listing Service (CRMLS)
Your Personal Tour Guide

Ask me questions while you tour the home.