NOT LISTED FOR SALE

3100 W 99th St Inglewood, CA 90305

Morningside Park Neighborhood
5 Beds
3 Baths
17,370 Sq Ft
0.45 Acres

Last Sold April 24, 2014

Last sale price $2,477,500 $143 Per Sq Ft

203 Days on Market

Highlights

  • Stables
  • No HOA
  • Central Air
  • 0.45 Acre Lot
  • Double Pane Windows
  • Wrought Iron Fence

About This Home

As of April 2014

Great corner location can advertise to Crenshaw and Century Bl drivers. Major shopping developments at this location. Walk to Target, Home Depot, Bed,Bath & Beyond, Red Lobster or In-Out Burgers many additional options available within walking distance. Great structure with three 6-unit buildings combined under one APN. Each building has (4) 2-bedroom, 1-bath and (2) 3-Bedroom, 2-bath units with carports behind each. All together (12) 2-bedrooms plus (6) 3-bedroom with (18) carport spaces. Each building has upgraded electrical, windows, front doors and central air and heating. Great opportunity to purchase building with 30% upside in rents with focused upgrades. Buyer's upgrades will be rewarded with higher rents immediately. The unit mix supports the price which is excellent! Present to all your income seeking buyers.

Last Agent to Sell the Property

Zephran Hamlin

Chi Properties License #01237223 Listed on: 10/03/2013

Last Buyer's Agent

Brett Lyon

Lyon Stahl Investment Real Estate, Inc. License #01717818

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 0.45 Acre Lot
  • Two or More Common Walls
  • Wrought Iron Fence
  • Density is up to 1 Unit/Acre

Home Design

  • Property Attached
  • Raised Foundation
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 17,370 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Insulated Doors

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 18 Parking Spaces
  • 18 Carport Spaces
  • Parking Available

Utilities

  • Central Air
  • Combination Of Heating Systems

Additional Features

  • Urban Location
  • Stables

Listing and Financial Details

  • Tax Lot 165
  • Tax Tract Number 16139
  • Assessor Parcel Number 4025017016

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 18 Units

Building Details

  • 13 Leased Units
  • 18 Separate Electric Meters
  • 18 Separate Gas Meters
  • Electric Expense $2,400
  • Gardener Expense $1,500
  • Insurance Expense $5,000
  • Maintenance Expense $5,000
  • Pest Control $1,000
  • Professional Management Expense $7,600
  • Trash Expense $3,600
  • Water Sewer Expense $12,000
  • Gross Income $21,900
  • Net Operating Income $189,216

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

0

Listing Details

  • CapRate: 6.20
  • Improvements Percent: 60.00
  • Other Phone Description: FAX
  • Other Phone Number: 310-523-1940
  • Professional Management Expense: 7600.00
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Water Sewer Expenses: 12000.00
  • Property Type: Residential Income
  • Gardener Expense: 1500.00
  • Parcel Number: 4025017016
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Door Features: Insulated Doors
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 142.63
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Concrete Perimeter, Raised
  • Exterior Features: Stable
  • Fencing: Wrought Iron
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 18.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 18.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Heating Type: Combination
  • Pest Control Expense: 1000.00
  • Trash Expense: 3600.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Land Value Percent: 40.00
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 19460.00
  • Lot Size Acres: 0.4470

Multi Family

  • Average2 Bed Area: 900
  • Average3 Bed Area: 1075
  • Electric Expense: 2400.00
  • Gross Income: 21900.00
  • Gross Multiplier: 11.00
  • Gross Scheduled Income: 262800.00
  • Insurance Expense: 5000.00
  • Lot Size Area: 19460.0000 Square Feet
  • Maintenance Expense: 5000.00
  • Net Operating Income: 189216.00
  • Number Of Separate Electric Meters: 18
  • Number Of Separate Gas Meters: 18
  • Number Of Units Leased: 13
  • Number Of Units Total: 18
  • Number Wall A C: 18
  • Number With Carpet: 18
  • Number With Disposal: 15
  • Operating Expense: 65700.00
  • Operating Expense Percent: 25.00
  • Rent Control: No
  • Total Actual Rent: 13215.00
  • Vacancy Allowance Rate: 18.00

Tax Info

  • Tax Lot: 165
  • Tax Tract Number: 16139
  • Tax Year: 2012

Range of Values:

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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 Change Sq Ft Price
04/24/2014 04/24/14 Sold $2,477,500 -16.0% $143 / Sq Ft
04/24/2014 04/24/14 Pending -- -- --
10/03/2013 10/03/13 For Sale $2,950,000 -- $170 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Z

    Seller's Agent in 2014

    Zephran Hamlin

    Chi Properties

    (213) 369-6966

    1 Total Sale

    Section Image
  • Brett Lyon

    Buyer's Agent in 2014

    Brett Lyon

    Lyon Stahl Investment Real Estate, Inc.

    (310) 780-1899

    2 in this area

    143 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13202148

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Inglewood 90305 Morningside Park

3100 W 99th St, Inglewood, CA

This home is located at 3100 W 99th St, Inglewood, CA 90305 since 03 October 2013. This property was built in 1956. 3100 W 99th St is a home located in Los Angeles County with nearby schools including Monroe (Albert F.) Middle School, Morningside High School, and Teach Academy Of Technologies.

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.

California Regional Multiple Listing Service (CRMLS) 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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