NOT LISTED FOR SALE

1241 S Flower St Inglewood, CA 90301

Estimated Value: $740,184 - $908,000

3 Beds
2 Baths
1,098 Sq Ft
$738/Sq Ft Est. Value

Last Sold January 29, 2019

Last sale price $52,500 $48 Per Sq Ft

Est. 1,444% increase in value since last sale

Current estimated payment $5,000/month

72 Days on Market

About This Home

As of January 2019

If your looking for your next purchase, this is it. Duplex in prime location of Inglewood. Just 1 mile away from The Forum and the up and coming Rams Stadium; .6 miles from Hollywood park Casino; .9 miles from The Village; and close to all major freeways. This property features a 2 bedroom one bath house in the front, and a detached 1 bedroom 1bath house in the back. Front unit has 2 bedrooms and an additional non-permitted room. Back unit has lots of privacy, a detached one bedroom one bath unit with an additional non-permitted bedroom, and a detached laundry room. Back unit needs work. Both units are vacant. With new developments right around the corner, the possibilities are endless.....Units are ready for rehab! Sold as is, bring your imagination. ***CASH OFFERS ONLY****

Last Agent to Sell the Property

Juan Moreno

New Aim Funding Inc. License #02009893 Listed on: 09/13/2018

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,778

Year Built

  • Built in 1927

Lot Details

  • 4,002 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 1 Car Garage

Home Design

  • 1,098 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tax Lot 104
  • Tax Tract Number 550
  • Assessor Parcel Number 4024039017

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $400
  • Water Sewer Expense $1,800
  • New Taxes Expense $5,000
  • Operating Expense $7,200
  • Gross Income $39,600
  • Net Operating Income $34,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,778

Year Built

Built in 1927

Lot Details

0

Parking

1

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1800.00
  • Zoning: INC2YY
  • Property Type: Residential Income
  • Parcel Number: 4024039017
  • Year Built: 1927
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 47.81

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup, Individual Room, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 4002.00
  • Lot Size Acres: 0.0919

Multi Family

  • Gross Income: 39600.00
  • Gross Scheduled Income: 39600.00
  • Insurance Expense: 400.00
  • Lot Size Area: 4002.0000 Square Feet
  • Net Operating Income: 34600.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Operating Expense: 5000.00
  • Rent Control: No
  • Total Expenses: 7200.00

Tax Info

  • New Taxes Expense: 5000.00
  • Tax Census Tract: 6011.00
  • Tax Lot: 104
  • Tax Tract Number: 550

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2018
Closed on
Jan 24, 2019
Sold by
Castillo Juana M
Bought by
1241 Flr Llc
Seller's Agent
Juan Moreno
New Aim Funding Inc.
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$600,000
Sold Price
$52,500
Premium/Discount to List
-$547,500
-91.25%
Current Estimated Value
$810,546

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$758,046
Avg. Annual Appreciation
49.11%

Purchase Details

Listed on
Apr 1, 2016
Closed on
Jun 30, 2016
Sold by
Martin Jose De Jesus and Martin Maria E
Bought by
Castillo Juana M
Seller's Agent
Jose Gomez
Crestico Realty
Buyer's Agent
Elizabeth Quiroz
COLDWELL BANKER UNITED
List Price
$400,000
Sold Price
$350,000
Premium/Discount to List
-$50,000
-12.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-54.19%
Original Mortgage
$343,660
Interest Rate
3.42%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 5, 2014
Sold by
Martin Jose De Jesus and Martin Maria R
Bought by
The Jose & Maria Martin Family Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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 Buyer Sale Price Title Company
1241 Flr Llc $525,000 Lawyers Title Company
Castillo Juana M $350,000 Pacific Coast Title Company
The Jose & Maria Martin Family Trust -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Castillo Juana M $343,660
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/29/2019 01/29/19 Sold $52,500 -90.2% $48 / Sq Ft
12/28/2018 12/28/18 Price Changed $535,000 -6.9% $487 / Sq Ft
10/23/2018 10/23/18 Price Changed $574,777 -2.2% $523 / Sq Ft
09/13/2018 09/13/18 Price Changed $587,777 -2.0% $535 / Sq Ft
09/13/2018 09/13/18 For Sale $600,000 +71.4% $546 / Sq Ft
08/26/2016 08/26/16 Sold $350,000 -12.5% $319 / Sq Ft View Prior Sale
06/07/2016 06/07/16 Pending -- -- --
04/01/2016 04/01/16 For Sale $400,000 -- $364 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $8,778 $585,643 $474,093 $111,550
2024 $8,778 $574,161 $464,798 $109,363
2023 $8,617 $562,904 $455,685 $107,219
2022 $8,584 $551,867 $446,750 $105,117
2021 $8,422 $541,047 $437,991 $103,056
2020 $8,391 $535,500 $433,500 $102,000
2019 $2,315 $364,140 $218,484 $145,656
2018 $5,618 $357,000 $214,200 $142,800
2016 $2,057 $118,966 $82,921 $36,045
2015 $2,001 $117,180 $81,676 $35,504
2014 $1,995 $114,886 $80,077 $34,809
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2019

    Juan Moreno

    New Aim Funding Inc.

    Section Image

  • N

    Buyer's Agent in 2019

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    6,079 Total Sales

    NoEmail NoEmail
    Section Image

  • J

    Seller's Agent in 2016

    Jose Gomez

    Crestico Realty

    Section Image

  • E

    Buyer's Agent in 2016

    Elizabeth Quiroz

    COLDWELL BANKER UNITED

    (714) 446-9937

    3 Total Sales

    Elizabeth Quiroz
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18224271

California Regional Multiple Listing Service (CRMLS)

APN: 4024-039-017

California Los Angeles County Inglewood 90301

1241 S Flower St, Inglewood, CA

Not Listed for Sale

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