NOT LISTED FOR SALE

Estimated Value: $1,064,000 - $1,237,745

8 Beds
8 Baths
4,800 Sq Ft
$241/Sq Ft Est. Value

Sale Details

Date Sold: March 6, 2018

Last sale price $1,640,000 $342 Per Sq Ft

Est. 29% decrease in value since last sale

Current estimated payment $7,540 / mo

84 Days on Market

Highlights

  • Neighborhood Views
  • Central Heating and Cooling System
  • Wire Fence
  • Two cooling system units
  • 8 Car Garage

About This Home

As of March 2018

***NEW YEAR, NEW PRICE, HUGE $200,0000 PRICE REDUCTION*SELLER IS READY TO MAKE A DEAL* PRIME LOCATION**City of Champions Revitalization - RAM Territory in Inglewood, AMAZING INVESTMENT OR DEVELOPMENT OPPORTUNITY.***TWO HUGE ADJACENT LOTS (APN 4024-038-006 & APN 4024-038-007) LOTS CURRENTLY HAVE (2) 4 UNIT BUILDINGS ( 8 UNITS TOTAL) ** COMBINED lot size is approximately 18,000 square feet, PRIME LOCATION NEAR LAX , THE FORUM, THE NEW RAMS STADIUM AND OR MAJOR DEVELOPMENTS. EACH building comprise of (4) 1 bedroom & 1 bathroom units (8 UNITS TOTAL), ALL units are tenant occupied. Individual gas and electric meters. NO RENT CONTROL RENT, LOTS OF UPSIDE POTENTIAL, EACH UNIT HAS Recently Installed sound proof windows and doors, central Heating and Air, inside laundry, own private garage, along with ample onsite parking. Units being Sold "AS IS" owner will not make any repairs. Submit all offers "Subject to Inspection", with POF and Fico all the tenant are month to month*** PLEASE Do not disturb tenant’s or walk through the property***

Last Agent to Sell the Property

Victoria Heinrich

Keller Williams Pacific Estate License #01344681 Listed on: 10/20/2017

Keller Williams Pacific Estate

Last Buyer's Agent

Julie Stephens

KW Westside Estates License #01427211

KW Westside Estates

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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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1942

Lot Details

  • 17,960 Sq Ft Lot
  • Two or More Common Walls
  • Wire Fence
  • Density is 6-10 Units/Acre

Parking

  • 8 Car Garage
  • 7 Open Parking Spaces
  • Parking Available
  • Driveway

Home Design

  • Property Attached
  • Shingle Roof

Interior Spaces

  • 4,800 Sq Ft Home
  • Insulated Doors
  • Neighborhood Views
  • Laundry in unit

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Utilities

  • Two cooling system units
  • Central Heating and Cooling System

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 4024038006

Community Details

Overview

  • 2 Buildings
  • 8 Units

Amenities

  • Laundry Facilities

Building Details

  • 8 Leased Units
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 8 Separate Water Meters
  • Insurance Expense $1,900
  • Trash Expense $200
  • Water Sewer Expense $450
  • New Taxes Expense $6,000
  • Operating Expense $6,450
  • Gross Income $97,200
  • Net Operating Income $87,500

Property Details

Home Type

Multi-Family

Year Built

Built in 1942

Lot Details

0.41 Acres

Parking

8

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 450.00
  • Zoning: INP1YY
  • Property Type: Residential Income
  • Parcel Number: 4024038006
  • Year Built: 1942
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Door Features: Insulated Doors
  • Levels: One
  • Price Per Square Foot: 341.67

Exterior Features

  • View: Neighborhood
  • Fence: Yes
  • Fencing: Wire
  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 8.00
  • Parking: Yes
  • Parking Features: Driveway, Concrete, Garage
  • Total Parking Spaces: 15.00
  • Uncovered Spaces: 7.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Available, Sewer Connected, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 200.00
  • Water Source: Public
  • Cooling: Central Air, Dual
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 17960.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 600 Square Feet
  • Gross Income: 97200.00
  • Gross Scheduled Income: 97200.00
  • Insurance Expense: 1900.00
  • Net Operating Income: 87500.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 8
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Operating Expense: 9700.00
  • Rent Control: No
  • Total Actual Rent: 8810.00
  • Total Expenses: 6450.00

Tax Info

  • New Taxes Expense: 6000.00
  • Tax Census Tract: 6011.00

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
03/06/2018 03/06/18 Sold $1,640,000 -3.5% $342 / Sq Ft
01/12/2018 01/12/18 Pending -- -- --
01/09/2018 01/09/18 Price Changed $1,700,000 -10.5% $354 / Sq Ft
10/20/2017 10/20/17 For Sale $1,900,000 -- $396 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC17241254

California Regional Multiple Listing Service (CRMLS)

APN: 4024-038-006

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