NOT LISTED FOR SALE

321 W Kelso St Inglewood, CA 90301

Estimated Value: $1,327,000 - $1,648,000

9 Beds
5 Baths
4,470 Sq Ft
$334/Sq Ft Est. Value

Last Sold June 25, 2012

Last sale price $535,000 $120 Per Sq Ft

Est. 179% increase in value since last sale

Current estimated payment $8,902/month

4 Days on Market

Highlights

  • Multi-Level Bedroom
  • Wood Flooring
  • No HOA
  • Property is near public transit
  • Lawn
  • Fireplace

About This Home

As of June 2012

This is a great 4 unit property. It has 3- 2 bedroom apartments and one HUGE 3 bedroom 2 bath unit with fireplace. All units have full washer and dryer hookups. Property has individual gas and electric meters. There are 3 carport parking spaces and one single garage. The "Owners Unit" (3 bedroom) has hardwood floors and beamed ceilings with a fireplace and full laundry room. Property is currently 100% rented and brings in $4690 in rents. This would make a great investment property or owner occupied. PRICED TO SELL

Last Agent to Sell the Property

Thomas Fragale

Real Estate EBroker Inc. License #01821840 Listed on: 03/26/2012

Last Buyer's Agent

Mario Zavala

Century 21 Allstars License #01432869

Century 21 Allstars

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,232

Year Built

  • Built in 1960 | Remodeled

Lot Details

  • 6,971 Sq Ft Lot
  • Lot Dimensions are 43' x 150'
  • Rectangular Lot
  • Level Lot
  • Lawn

Parking

  • 1 Car Garage
  • 3 Carport Spaces
  • Parking Available
  • Assigned Parking

Home Design

  • Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • 4,470 Sq Ft Home
  • Built-In Features
  • Ceiling Fan
  • Track Lighting
  • Fireplace
  • Blinds
  • Storage
  • Property Views

Kitchen

  • Dishwasher
  • Ceramic Countertops
  • Formica Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 9 Bedrooms
  • Multi-Level Bedroom
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near public transit
  • Urban Location

Utilities

  • Cooling Available
  • Central Heating
  • Wall Furnace
  • Gas Water Heater
  • Sewer Paid
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 13 / 244
  • Tax Tract Number 4020
  • Assessor Parcel Number 4020011014

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $420
  • Gardener Expense $720
  • Insurance Expense $2,000
  • Trash Expense $1,500
  • Water Sewer Expense $1,500
  • New Taxes Expense $4,687
  • Gross Income $4,690
  • Net Operating Income $45,383

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,232

Year Built

Built in 1960 | Remodeled

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 1500.00
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 4020011014
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Built-in Features, Ceramic Counters, Ceiling Fan(s), Formica Counters, Storage, Track Lighting, Unfurnished
  • Flooring: Laminate, Carpet, Tile, Vinyl, Wood
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 119.69
  • Room Type: Multi-Level Bedroom
  • Window Features: Blinds

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Carport Spaces: 3.00
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Cable Available, Natural Gas Available, Sewer Connected, Phone Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Water Heater, Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Central, Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Gas & Electric Dryer Hookup, Washer Hookup
  • Sewer: Sewer Paid
  • Trash Expense: 1500.00
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights, Storm Drains, Urban

Lot Info

  • Lot Features: Lawn, Rectangular Lot, Level with Street, Near Public Transit
  • Lot Size: 43' X 150'
  • Lot Size Sq Ft: 6971.00
  • Lot Size Acres: 0.1600

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 420.00
  • Gross Income: 4690.00
  • Gross Scheduled Income: 56280.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 6971.0000 Square Feet
  • Net Operating Income: 45383.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Operating Expense: 10897.00
  • Operating Expense Percent: 20.00
  • Rent Control: No
  • Total Actual Rent: 4690.00

Tax Info

  • New Taxes Expense: 4687.00
  • Tax Block: 244
  • Tax Lot: 13
  • Tax Tract Number: 4020
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 26, 2012
Closed on
Jul 16, 2012
Sold by
Diaz Emilio
Bought by
Diaz Emilio and Diaz Rosario
Seller's Agent
Thomas Fragale
Real Estate EBroker Inc.
Buyer's Agent
Mario Zavala
Century 21 Allstars
List Price
$549,999
Sold Price
$535,000
Premium/Discount to List
-$14,999
-2.73%
Current Estimated Value
$1,492,732

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$957,732
Avg. Annual Appreciation
7.27%

Purchase Details

Listed on
Mar 26, 2012
Closed on
Jun 18, 2012
Sold by
Diaz Rosario
Bought by
Diaz Emilio
Seller's Agent
Thomas Fragale
Real Estate EBroker Inc.
Buyer's Agent
Mario Zavala
Century 21 Allstars
List Price
$549,999
Sold Price
$535,000
Premium/Discount to List
-$14,999
-2.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$428,000
Interest Rate
3.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 24, 2012
Sold by
Bittner Jennifer
Bought by
Diaz Emilio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$428,000
Interest Rate
3.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 23, 2011
Sold by
Hunter Forrest E
Bought by
Bittner Jennifer and Bittner Anton

Purchase Details

Closed on
Nov 26, 2002
Sold by
Hunter Forrest E
Bought by
Hunter Forrest E and Hunter Cynthia G

Purchase Details

Closed on
Sep 27, 1996
Sold by
Hunter Cynthia G
Bought by
Hunter Forrest

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
7.88%

Purchase Details

Closed on
Aug 31, 1996
Sold by
Elam John W
Bought by
Hunter Forrest

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
7.88%
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Diaz Emilio -- Accommodation
Diaz Emilio -- Chicago Title
Diaz Emilio $535,000 Chicago Title
Bittner Jennifer $737,146 Accommodation
Hunter Forrest E -- --
Hunter Forrest -- Commonwealth Title
Hunter Forrest $245,000 Commonwealth Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Diaz Emilio $428,000
Previous Owner Hunter Forrest E $640,000
Previous Owner Hunter Forrest $196,000
Closed Hunter Forrest $24,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2012 06/25/12 Sold $535,000 -2.7% $120 / Sq Ft
03/30/2012 03/30/12 Pending -- -- --
03/26/2012 03/26/12 For Sale $549,999 -- $123 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $9,232 $671,978 $295,167 $376,811
2024 $9,232 $658,803 $289,380 $369,423
2023 $9,137 $645,886 $283,706 $362,180
2022 $9,296 $633,223 $278,144 $355,079
2021 $9,202 $620,808 $272,691 $348,117
2019 $8,664 $602,396 $264,603 $337,793
2018 $8,584 $590,585 $259,415 $331,170
2016 $8,105 $567,654 $249,343 $318,311
2015 $8,032 $559,128 $245,598 $313,530
2014 $8,033 $548,177 $240,788 $307,389
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S12039026

California Regional Multiple Listing Service (CRMLS)

APN: 4020-011-014