NOT LISTED FOR SALE

Estimated Value: $738,000 - $793,416

5 Beds
3 Baths
1,600 Sq Ft
$480/Sq Ft Est. Value

Last Sold August 21, 2024

Last sale price $750,000 $469 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $4,981/month

99 Days on Market

Highlights

  • Double Pane Windows
  • Turnkey
  • 1-Story Property
  • Bungalow

About This Home

As of August 2024

Here's a great property for the burgeoning investor or a perfect opportunity for a first time buyer with an owner/user scenario. Live in one of the bungalows and rent out the other. Watch the equity and wealth build. Both bungalows have recently undergone significant renovations including, new paint, flooring, updated baths, kitchens, plumbing, electrical as well as recent termite clearance. The location is within the proximity of every convenience one could need in city of Inglewood and beyond. Don't wait on this one!

Last Agent to Sell the Property

Gene Smith

RE/MAX TerraSol Brokerage Phone: 949-395-7552 License #01965474 Listed on: 01/17/2024

RE/MAX TerraSol

Last Buyer's Agent

Carole Solomon

Pacific Playa Realty License #02071833

Pacific Playa Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,922

Year Built

  • Built in 1938

Lot Details

  • 5,172 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Bungalow
  • Entry on the 1st floor
  • Turnkey
  • Slab Foundation

Interior Spaces

  • 1,600 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 85
  • Tax Tract Number 5076
  • Assessor Parcel Number 4015017009
  • $8,347 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,500
  • Trash Expense $1,200
  • Water Sewer Expense $1,200
  • Operating Expense $3,900
  • Gross Income $46,200
  • Net Operating Income $42,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,922

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 5.60
  • Price Per Unit: 374900
  • Property Attached: No
  • View: No
  • Water Sewer Expenses: 1200.00
  • Zoning: INM1YY
  • Architectural Style: Bungalow
  • Property Condition: Turnkey
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 4015017009
  • Year Built: 1938
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 468.75
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Slab
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: No
  • Parking Features: Street

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5172.00
  • Lot Size Acres: 0.1187

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 700 Square Feet
  • Average3 Bed Area: 900 Square Feet
  • Gross Income: 46200.00
  • Gross Multiplier: 16.23
  • Gross Scheduled Income: 46200.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 5172.0000 Square Feet
  • Net Operating Income: 42300.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Range: 2
  • Operating Expense: 3900.00
  • Rent Control: Yes
  • Total Expenses: 3900.00

Tax Info

  • Tax Census Tract: 6009.02
  • Tax Lot: 85
  • Tax Tract Number: 5076
  • TaxOtherAnnualAssessmentAmount: 8346.82

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2024
Closed on
Aug 14, 2024
Sold by
Wenjue Shi Trust and Shi Wenjue
Bought by
Haro Marisela and Medrano Ivan
Seller's Agent
Gene Smith
RE/MAX TerraSol
Buyer's Agent
Carole Solomon
Pacific Playa Realty
List Price
$749,800
Sold Price
$750,000
Premium/Discount to List
$200
0.03%
Views
125
Current Estimated Value
$768,354

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,354
Avg. Annual Appreciation
2.33%
Original Mortgage
$712,500
Outstanding Balance
$705,108
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
$63,246

Purchase Details

Closed on
May 24, 2023
Sold by
Wz Family Trust
Bought by
Wenjue Shi Trust and Shi

Purchase Details

Listed on
Jul 7, 2021
Closed on
Sep 27, 2021
Sold by
Nguyen Nina
Bought by
Zhang Yujie and Wz Family Trust
Seller's Agent
Nina Nguyen
L.S. Gateway Realtors
List Price
$620,000
Sold Price
$615,000
Premium/Discount to List
-$5,000
-0.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.83%

Purchase Details

Closed on
Oct 16, 2013
Sold by
Ituah Abraham
Bought by
Nguyen Nina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
4.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 7, 2001
Sold by
Hud
Bought by
Ituah Abraham

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,500
Interest Rate
7.21%

Purchase Details

Closed on
Aug 16, 2000
Sold by
Chase Manhattan Mtg Corp
Bought by
Hud

Purchase Details

Closed on
Apr 6, 2000
Sold by
Pescina Ezequiel and Anguiano Sonia
Bought by
Chase Manhattan Mtg Corp

Purchase Details

Closed on
Oct 15, 1998
Sold by
Finzi David B
Bought by
Pescina Ezequiel and Anguiano Sonia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,814
Interest Rate
6.79%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 20, 1995
Sold by
Farm Credit Services Of Southern Ca
Bought by
Finzi David B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
7.62%
Source: Public Records

Range of Values:

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Average Value
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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
Haro Marisela $750,000 Lawyers Title
Wenjue Shi Trust -- None Listed On Document
Zhang Yujie $615,000 Fidelity Natl Ttl Orange Cnt
Nguyen Nina $160,000 Fidelity Sherman Oaks
Ituah Abraham $145,000 Stewart Title
Hud -- Chicago Title Co
Chase Manhattan Mtg Corp $157,790 Chicago Title Co
Pescina Ezequiel $145,000 First American Title
Finzi David B $40,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Haro Marisela $712,500
Previous Owner Nguyen Nina $200,000
Previous Owner Nguyen Nina $225,000
Previous Owner Nguyen Nina $120,000
Previous Owner Ituah Abraham $70,200
Previous Owner Ituah Abraham $348,750
Previous Owner Ituah Abraham $77,500
Previous Owner Ituah Abraham $269,500
Previous Owner Ituah Abraham $56,000
Previous Owner Ituah Abraham $185,000
Previous Owner Ituah Abraham $180,000
Previous Owner Ituah Abraham $101,500
Previous Owner Pescina Ezequiel $143,814
Previous Owner Finzi David B $35,000
Closed Ituah Abraham $43,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2024 08/21/24 Sold $750,000 0.0% $469 / Sq Ft
08/16/2024 08/16/24 For Sale $749,800 0.0% $469 / Sq Ft
04/25/2024 04/25/24 Pending -- -- --
01/17/2024 01/17/24 For Sale $749,800 +21.9% $469 / Sq Ft
10/04/2021 10/04/21 Sold $615,000 -0.8% $498 / Sq Ft
08/25/2021 08/25/21 Pending -- -- --
07/07/2021 07/07/21 For Sale $620,000 -- $502 / 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 $9,922 $750,000 $600,000 $150,000
2024 $9,922 $759,923 $302,449 $457,474
2023 $8,347 $627,300 $249,900 $377,400
2022 $8,508 $615,000 $245,000 $370,000
2021 $4,666 $317,096 $203,848 $113,248
2020 $4,464 $313,845 $201,758 $112,087
2019 $4,392 $307,692 $197,802 $109,890
2018 $4,372 $301,660 $193,924 $107,736
2016 $4,143 $289,948 $186,395 $103,553
2015 $4,106 $285,594 $183,596 $101,998
2014 $4,107 $280,000 $180,000 $100,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC24010492

California Regional Multiple Listing Service (CRMLS)

APN: 4015-017-009