NOT LISTED FOR SALE

159 E Spruce Ave Inglewood, CA 90301

9 Beds
12 Baths
5,393 Sq Ft
10,010 Sq Ft Lot

Last Sold March 01, 2017

Last sale price $1,850,000 $343 Per Sq Ft

179 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Central Heating and Cooling System

About This Home

As of March 2017

NO RENT CONTROL RENTS ARE LOW LONG TERM TENANTS LOTS OF UPSIDE CLOSE TO THE LAX , FORUM, THE FUTURE NFL STADIUM . 10 UNIT APARTMENT COMPLEX TWO BUILDING FIRST BUILDING HAS 3 BED ROOM THREE BATH UPSTAIRS DOWN STAIRS FIRE PLACE KITCHEN DINNING AREA AND A DEN PRIVATE FRONT YARD VERY PRIVATE UNIT ATTACHED TO THIS BUILDING ARE 2 LARGE ONE BED ROOM APARTMENTS WITH A/C AND HEATING FORCED AIR THE REAR BUILDING HAS 4 LARGE SINGLE UNITS WITH PLENTY OF CLOSET AND STORAGE SPACE WITH A GOOD SIZE KITCHEN AND DINNING AREA SEPARATE FROM THE OTHER ROOM AND IN THE REAR OF THE BUILD ATTACHED ARE 3 1 BED ROOM APARTMENTS 10 PARKING SPACES IN THE REAR OF THE LAST BUILDING PLUS 2 PRIVATE PARKING SPACES IN THE MIDDLE OF THE BUILDING WITH ITS OWN ENTRANCE MONEY MAKER GREAT INVESTMENT lots of potential don't pass up the opportunity in owning one of the cleanest buildings in the area . Gated Complex in a high demand rental area of Inglewood. . Each unit has its own electric meter and Gas meter . On site laundry room. and has easy access to 405 freeway, public transportation. Call for information. . Recently has had all windows replaced and central air and heat for all the units.

Last Agent to Sell the Property

Noe Blanco

RE/MAX Alliance Group License #01787137 Listed on: 06/06/2016

RE/MAX Alliance Group

Last Buyer's Agent

Don Mossimo

Keystone Realty License #00455559

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 10,010 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls

Interior Spaces

  • 5,393 Sq Ft Home
  • 2-Story Property
  • Family Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 12 Bathrooms

Parking

  • 2 Open Parking Spaces
  • 12 Parking Spaces
  • 10 Carport Spaces
  • Parking Available
  • Assigned Parking

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 33
  • Assessor Parcel Number 4021020035

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 10 Units

Amenities

  • Laundry Facilities

Building Details

  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,084
  • Water Sewer Expense $9,856
  • New Taxes Expense $7,575
  • Operating Expense $21,049
  • Gross Income $10,425

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Attached: No
  • Road Frontage Type: Alley
  • Water Sewer Expenses: 9856.00
  • Property Type: Residential Income
  • Parcel Number: 4021020035
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: No Common Walls
  • Fireplace Features: Family Room
  • Levels: Two
  • Price Per Square Foot: 343.04

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 10.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 12.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Community
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 10010.00
  • Price Per Lot Square Foot: 184.82

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 1084.00
  • Gross Income: 10425.00
  • Gross Scheduled Income: 131580.00
  • Laundry Income: 540.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 10
  • Other Income Description: LAUNDRY $540.00
  • Rent Control: No
  • Total Actual Rent: 10380.00
  • Total Expenses: 21049.00

Tax Info

  • New Taxes Expense: 7575.00
  • Tax Lot: 33
  • Tax Tract Number: vander

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 List to Sale Price per Sq Ft
03/01/2017 03/01/17 Sold $1,850,000 0.0% $343 / Sq Ft
08/22/2016 08/22/16 Price Changed $1,850,000 -7.5% $343 / Sq Ft
06/06/2016 06/06/16 For Sale $2,000,000 0.0% $371 / Sq Ft
09/19/2014 09/19/14 Rented $950 -2.6% --
09/19/2014 09/19/14 For Rent $975 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IN16123828

California Regional Multiple Listing Service (CRMLS)