Amalia Ochoa
The Proud Crowd Inc.
(424) 348-7667
30 Total Sales
1 in North Inglewood
$460,000 Price
308 Stepney St Inglewood, CA 90302
North Inglewood Neighborhood
9
Beds
6
Baths
8,571
Sq Ft
9,994
Sq Ft Lot
About This Home
As of June 2014The subject property is a very clean 8 unit building with an outstanding unit mix of two one bedroom/one bathroom units, three two bedroom/one bathroom units, two two bedroom/two bathroom units, and one large four bedroom/two bathroom unit. The units are large and nicely laid out.
• Excellent Unit Mix
• Covered Parking, On-Site Laundry, & Some Units have Balconies
• Individually Metered for Gas & Electricity
• Area Experiencing Massive Redevelopment
• Recently Repainted, Roof & Plumbing Redone in the Past 10 Years
• Low Cost per Square Foot (Very Large Rental Square Footage)
• Rental Square Footage is 8,500+ and the Lot is Almost 10,000 SF
• Over 25% Upside in Market vs. Current Rents.
The building is located in the NW section of Inglewood that boasts some of the strongest rental demand and rental amounts in the area. Further, the property serves to benefit from the recent closure of Hollywood Park which will make room for 3,000 new housing units, including single-family townhomes and condos; 25 acres of park land, including a 10-acre central park; and a retail and entertainment district, anchored by a movie theatre, office space and a 300-room hotel.
Last Agent to Sell the Property
Joshua Cohen
Keller Williams Realty License #01346713 Listed on: 04/03/2014
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1966
Lot Details
- 9,994 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Parking
- 2 Car Garage
- 10 Carport Spaces
Home Design
- 8,571 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 9 Bedrooms
- 6 Bathrooms
Listing and Financial Details
- Tax Lot 3
- Tax Tract Number 6099
- Assessor Parcel Number 4016016003
Community Details
Overview
- 8 Units
Building Details
- 9 Separate Electric Meters
- 9 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $894
- Fuel Expense $1,581
- Gardener Expense $480
- Insurance Expense $2,336
- Maintenance Expense $7,035
- Professional Management Expense $3,838
- Trash Expense $2,521
- Water Sewer Expense $3,641
- New Taxes Expense $16,800
- Operating Expense $39,126
- Gross Income $8,375
- Net Operating Income $56,825
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
Listed on
Apr 3, 2014
Closed on
May 28, 2014
Sold by
Bought by
Seller's Agent
Joshua Cohen
Keller Williams Realty
Buyer's Agent
Woody Stahl
Lyon Stahl Investment Real Est
List Price
$1,225,000
Sold Price
$1,305,000
Premium/Discount to List
$80,000
6.53%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$710,000
Outstanding Balance
$523,330
Interest Rate
4.17%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Listed on
Apr 3, 2014
Closed on
May 14, 2014
Sold by
Bought by
Seller's Agent
Joshua Cohen
Keller Williams Realty
Buyer's Agent
Woody Stahl
Lyon Stahl Investment Real Est
List Price
$1,225,000
Sold Price
$1,305,000
Premium/Discount to List
$80,000
6.53%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$710,000
Outstanding Balance
$523,330
Interest Rate
4.17%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Oct 22, 2012
Sold by
Bought by
Purchase Details
Closed on
Jan 14, 2012
Sold by
Bought by
Purchase Details
Closed on
Dec 10, 2002
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in North Inglewood, CA
-
Amalia Ochoa
-
Ernestine Crews
Ernestine Crews
Ernestine Crews
(424) 380-4104
8 Total Sales
2 in North Inglewood
$842K - $1.1M Price Range
-
Sierus Erdelyi
Sierus Erdelyi
TruLine Realty
(424) 374-0268
178 Total Sales
1 in North Inglewood
$1,100,000 Price
-
Michelle Covington
Michelle Covington
Compass
(323) 416-3171
23 Total Sales
1 in North Inglewood
$416,980 Price
-
Will Wheaton
Will Wheaton
Will Wheaton Real Estate
(424) 269-7040
24 Total Sales
1 in North Inglewood
$500,000 Price
-
Aaron Juarez
Aaron Juarez
Responds QuicklyColdwell Banker Icon
(855) 560-5718
90 Total Sales
1 in North Inglewood
$650,000 Price
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 |
|---|---|---|---|
| -- | Fidelity National Title | ||
| $1,305,000 | Fidelity National Title Co | ||
| -- | None Available | ||
| -- | None Available | ||
| -- | None Available | ||
| -- | -- |
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 | $710,000 | ||
| Closed | $710,000 |
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 |
|---|---|---|---|---|
| 06/20/2014 06/20/14 | Sold | $1,305,000 | +6.5% | $152 / Sq Ft |
| 04/23/2014 04/23/14 | Pending | -- | -- | -- |
| 04/03/2014 04/03/14 | For Sale | $1,225,000 | -- | $143 / 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 | $23,483 | $1,599,740 | $858,100 | $741,640 |
| 2024 | $21,758 | $1,568,374 | $841,275 | $727,099 |
| 2023 | $21,531 | $1,537,623 | $824,780 | $712,843 |
| 2022 | $21,913 | $1,507,474 | $808,608 | $698,866 |
| 2021 | $21,703 | $1,477,916 | $792,753 | $685,163 |
| 2019 | $20,430 | $1,434,383 | $769,241 | $665,142 |
| 2018 | $20,309 | $1,406,264 | $754,158 | $652,106 |
| 2016 | $19,160 | $1,351,371 | $724,874 | $626,497 |
| 2015 | $18,990 | $1,331,073 | $713,986 | $617,087 |
| 2014 | $4,042 | $178,362 | $25,976 | $152,386 |
Source: Public Records
Agents Affiliated with this Home
-
J
Seller's Agent in 2014
Joshua Cohen
Keller Williams Realty
-
Woody Stahl
Buyer's Agent in 2014
Woody Stahl
Lyon Stahl Investment Real Est
(310) 710-3829
4 in this area
143 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB14067691
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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