Seller's Agent in 2020
Brian Noh
Nohco Real Estate
(213) 804-7647
2 in this area
136 Total Sales
320 Stepney St Inglewood, CA 90302
North Inglewood NeighborhoodEstimated Value: $1,368,000 - $1,551,000
8
Beds
4
Baths
2,822
Sq Ft
$511/Sq Ft
Est. Value
Highlights
- Second Garage
- Living Room
- Ceiling Fan
- Wood Flooring
- Laundry Room
- Wall Furnace
About This Home
As of October 2020320 Stepney is a 4 unit residential income property located in the highly desirably city of Inglewood, Ca very close to the new Sofi Stadium Development. This fourplex comes with two units delivered vacant and remodeled, allowing for an investor or owner occupier to achieve market rents immediately. The property has a good unit mix with all 2 bed/1 bath units and (2) separate two car garages. This amazing building was built in 1923 with a total size of 2,822 SF, sitting on a large 10,015 SF lot zoned R3. Prime Location in Inglewood near LAX, Space-X, Forum, New LA Sofi Stadium, Ladera Heights, Culver City, El Segundo, Parks & Recreation, and Restaurants & Shops. 5.0% Actual Cap Rate 13.6 Actual GRM. 6.0% Market Cap 11.9 Market GRM.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $16,908
Year Built
- Built in 1923
Lot Details
- 10,016 Sq Ft Lot
- 1 Common Wall
- Density is 2-5 Units/Acre
Parking
- 4 Car Garage
- Second Garage
Home Design
- Quadruplex
Interior Spaces
- 2,822 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Living Room
- Gas Range
- Laundry Room
Flooring
- Wood
- Laminate
- Tile
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Utilities
- Wall Furnace
Listing and Financial Details
- Tax Lot 645
- Tax Tract Number 1453
- Assessor Parcel Number 4016016031
Community Details
Overview
- 2 Buildings
- 4 Units
Building Details
- 2 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Operating Expense $26,082
- Gross Income $88,200
- Net Operating Income $59,472
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 31, 2020
Closed on
Sep 9, 2020
Sold by
Hollyvale Rental Holdings Llc
Bought by
Moarefi Majid Reza and Moarefi Shahin
Seller's Agent
Brian Noh
Nohco Real Estate
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$1,199,000
Sold Price
$1,199,000
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$243,536
Avg. Annual Appreciation
3.61%
Original Mortgage
$899,250
Outstanding Balance
$801,641
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$626,077
Purchase Details
Listed on
Nov 8, 2017
Closed on
Nov 17, 2017
Sold by
Amtal Investmerits Llc
Bought by
Hollyvale Rental Holdings Llc
Seller's Agent
Daniel Talamentes
VPMI, INC.
Buyer's Agent
Albert Corey Rasmussen
Lyon Stahl Investment Real Estate, Inc.
List Price
$1,160,000
Sold Price
$1,100,000
Premium/Discount to List
-$60,000
-5.17%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.10%
Original Mortgage
$30,000
Interest Rate
3.94%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Feb 25, 2015
Sold by
Mcaskill Judie and Jude Mcaskill Trust
Bought by
Amtal Investments Llc
Purchase Details
Closed on
Feb 25, 2013
Sold by
Mcaskill Judie
Bought by
Mcaskill Judie and Judie Mcaskill Trust
Purchase Details
Closed on
Mar 12, 2003
Sold by
Fuentes Maria
Bought by
Mcaskill Judie
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
4.29%
Mortgage Type
Negative Amortization
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Moarefi Majid Reza | $1,199,000 | Fidelity National Title Co | |
| Hollyvale Rental Holdings Llc | $1,100,000 | Fidelity National Title Co | |
| Amtal Investments Llc | $11,000 | Lawyers Title | |
| Mcaskill Judie | -- | None Available | |
| Mcaskill Judie | $375,000 | Fidelity National Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Moarefi Majid Reza | $290,000 | |
| Open | Moarefi Majid Reza | $899,250 | |
| Previous Owner | Hollyvale Rental Holdings Llc | $30,000 | |
| Previous Owner | Mcaskill Judie | $405,000 | |
| Previous Owner | Mcaskill Judie | $300,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/02/2020 10/02/20 | Sold | $1,199,000 | 0.0% | $425 / Sq Ft |
| 08/12/2020 08/12/20 | Pending | -- | -- | -- |
| 07/31/2020 07/31/20 | For Sale | $1,199,000 | +9.0% | $425 / Sq Ft |
| 12/06/2017 12/06/17 | Sold | $1,100,000 | -5.2% | $390 / Sq Ft |
| 11/08/2017 11/08/17 | For Sale | $1,160,000 | -- | $411 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| 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 | $16,908 | $1,297,834 | $1,039,134 | $258,700 |
| 2024 | $16,908 | $1,272,387 | $1,018,759 | $253,628 |
| 2023 | $16,728 | $1,247,439 | $998,784 | $248,655 |
| 2022 | $16,841 | $1,222,980 | $979,200 | $243,780 |
| 2021 | $16,694 | $1,199,000 | $960,000 | $239,000 |
| 2020 | $15,401 | $1,144,440 | $686,664 | $457,776 |
| 2019 | $15,147 | $1,122,000 | $673,200 | $448,800 |
| 2018 | $15,054 | $1,100,000 | $660,000 | $440,000 |
| 2017 | $7,046 | $491,887 | $310,666 | $181,221 |
| 2016 | $6,817 | $482,243 | $304,575 | $177,668 |
| 2015 | $6,456 | $451,897 | $228,961 | $222,936 |
| 2014 | $6,458 | $443,045 | $224,476 | $218,569 |
Source: Public Records
Agents Affiliated with this Home
-
Brian Noh
-
NoEmail NoEmail
N
Buyer's Agent in 2020
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
1 in this area
5,862 Total Sales
-
Daniel Talamentes
D
Seller's Agent in 2017
Daniel Talamentes
VPMI, INC.
(562) 665-2066
8 Total Sales
-
A
Buyer's Agent in 2017
Albert Corey Rasmussen
Lyon Stahl Investment Real Estate, Inc.
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC20152694
APN: 4016-016-031
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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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