Seller's Agent in 2019
Nico Rosmarin
Lyon Stahl Investment Real Estate, Inc.
(310) 425-9838
2 in this area
13 Total Sales
218 Stepney St Inglewood, CA 90302
North Inglewood Neighborhood
6
Beds
6
Baths
3,778
Sq Ft
9,992
Sq Ft Lot
Highlights
- Lawn
- Landscaped
- Turnkey
- Laundry Room
- Forced Air Heating System
- Vinyl Flooring
About This Home
As of June 2019We are pleased to present 218 Stepney Street, a turn-key apartment building in Inglewood, California. This exciting
investment opportunity is located just south of Centinela Avenue in the highly desirable Northwest section of Inglewood. The unique location offers easy access to the 405 Freeway, allowing quick access to the Westside of Los Angeles, Downtown Los Angeles, Los Angeles International Airport and Long Beach. Additionally, 218 Stepney is just north of the new Hollywood Park Redevelopment, slated to be the world’s most expensive sports stadium. In addition to the stadium, the development will bring 3,000 new housing units, a luxury hotel and approximately 620,000 SF of new retail.
This unique seven-unit apartment building is comprised of four (4) one-bedroom/one bathroom units, (1) three-bedroom/two bathroom, (1) non-conforming one-bedroom/one bathroom, and (1) non-conforming studio. The units have been fully rehabbed with high-end finishes and brand new HVAC allowing an investor to minimize their expenses while maximizing their return on their investment. 218 Stepney Street brings an astute investor the opportunity to acquire an asset in excellent condition with strong current rents in place. With room for rental growth and the subject property’s irreplaceable location, 218 Stepney Street offers an excellent investment opportunity in one of the most exciting markets in Southern California.
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. License #02023847 Listed on: 02/05/2019
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1952
Lot Details
- 9,992 Sq Ft Lot
- Two or More Common Walls
- Landscaped
- Lawn
- Front Yard
- Density is 6-10 Units/Acre
Parking
- 1 Car Garage
- Parking Available
- Assigned Parking
Home Design
- Property Attached
- Turnkey
Interior Spaces
- 3,778 Sq Ft Home
- Vinyl Flooring
- Laundry Room
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Bathrooms
Location
- Urban Location
Utilities
- Forced Air Heating System
- Cable TV Available
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 23
- Tax Tract Number 1028
- Assessor Parcel Number 4016017010
Community Details
Overview
- 3 Buildings
- 7 Units
Building Details
- 7 Leased Units
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- New Taxes Expense $22,253
- Operating Expense $44,912
- Gross Income $148,500
- Net Operating Income $90,580
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 12, 2019
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
0.041%
Mortgage Type
Commercial
Purchase Details
Listed on
Sep 16, 2016
Closed on
Jan 3, 2017
Sold by
Bought by
Seller's Agent
Minerva Miranda
VIP RE Firm
Buyer's Agent
Minerva Miranda
VIP RE Firm
List Price
$1,055,000
Sold Price
$894,000
Premium/Discount to List
-$161,000
-15.26%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
0.0416%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 5, 2006
Sold by
Bought by
Purchase Details
Closed on
Jun 26, 2006
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
0.0646%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 14, 2004
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,250
Interest Rate
0.0562%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 30, 2004
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,625,000 | Ticor Title Company | ||
| $894,000 | Pacific Coast Title Co | ||
| -- | Fidelity National Title Co | ||
| $825,000 | Fidelity National Title Co | ||
| $585,000 | Stewart Title | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,180,000 | ||
| Previous Owner | $900,000 | ||
| Previous Owner | $600,000 | ||
| Previous Owner | $525,000 | ||
| Previous Owner | $60,000 | ||
| Previous Owner | $540,000 | ||
| Previous Owner | $66,687 | ||
| Previous Owner | $380,250 | ||
| Previous Owner | $255,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/20/2019 06/20/19 | Sold | $1,625,000 | -3.0% | $430 / Sq Ft | |
| 06/14/2019 06/14/19 | For Sale | $1,675,000 | 0.0% | $443 / Sq Ft | |
| 03/06/2019 03/06/19 | Pending | -- | -- | -- | |
| 02/05/2019 02/05/19 | For Sale | $1,675,000 | +87.4% | $443 / Sq Ft | |
| 01/20/2017 01/20/17 | Sold | $894,000 | -15.3% | $237 / Sq Ft | View Prior Sale |
| 09/25/2016 09/25/16 | Pending | -- | -- | -- | |
| 08/30/2016 08/30/16 | For Sale | $1,055,000 | -- | $279 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $25,185 | $1,812,712 | $1,366,507 | $446,205 |
| 2024 | $23,664 | $1,777,169 | $1,339,713 | $437,456 |
| 2023 | $23,417 | $1,742,324 | $1,313,445 | $428,879 |
| 2022 | $23,866 | $1,708,162 | $1,287,692 | $420,470 |
| 2021 | $23,671 | $1,674,670 | $1,262,444 | $412,226 |
| 2020 | $22,624 | $1,658,700 | $1,249,500 | $409,200 |
| 2019 | $13,394 | $931,317 | $651,082 | $280,235 |
| 2018 | $13,260 | $913,080 | $638,316 | $274,764 |
| 2016 | $13,246 | $933,708 | $650,768 | $282,940 |
| 2015 | $13,130 | $919,683 | $640,993 | $278,690 |
| 2014 | $13,124 | $901,668 | $628,437 | $273,231 |
Source: Public Records
Agents Affiliated with this Home
-
Nico Rosmarin
-
Woody Stahl
Buyer's Agent in 2019
Woody Stahl
Lyon Stahl Investment Real Estate, Inc.
(310) 710-3829
4 in this area
143 Total Sales
-
Minerva Miranda
M
Seller's Agent in 2017
Minerva Miranda
VIP RE Firm
(562) 231-1880
25 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB19027062
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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