Seller's Agent in 2022
Stephen Takahashi
Lyon Stahl Investment Real Estate, Inc.
(310) 403-9145
2 in this area
92 Total Sales
401 W Regent St Inglewood, CA 90301
Estimated Value: $1,337,000 - $1,685,000
6
Beds
5
Baths
3,582
Sq Ft
$421/Sq Ft
Est. Value
About This Home
As of May 2022401-409 W. Regent Street, is an excellent opportunity for one in a 1031 exchange and/or buyer looking to invest in the rapidly developing City of Inglewood. Subject property is a low density 5-unit complex in the heart of Inglewood within walking distance (high walk score of 79) for everyday errands and City Hall + Library. 3 of the units have washer & dryer hookups & separate front and back doors – just like a house plus yard. 2 of the units are located on top of the garages with shared utility room. Each unit has enclosed one car garage + parking in the driveway + street parking. Long term tenants + Upside in rent. High density INR4 Zoning + Corner location – great for future development + potential to convert garages into 2 ADU’s, increasing the investment to over a 7% CAP rate!(Buyers to verify). Located less than 10 minutes away from multi-billion-dollar projects of Hollywood Park and the Forum, this property supports high rental income, where rents are trending up. Situated on a large 7,500+ sq. ft. lot, the subject property is a commuter's dream given the proximity to the 405 Fwy and 105 Fwy. The City of Inglewood is a preferred City for Investment, located close to LAX Airport and with ongoing construction of Hollywood Park, an entertainment complex and master planned neighborhood. Hollywood Park includes state of the art billion-dollar Sofi Stadium, which hosted Super Bowl LVI (February 2022), and is scheduled to host the College Football Playoff National Championship in January 2023, WrestleMania 39 in April 2023, and the opening and closing ceremonies (as well as soccer and archery events) of the 2028 Summer Olympics. Clippers Arena under construction is located just south of Sofi. Other upcoming developments in the area are LA Phil Yola Center, NFL Media Center, Arya Hotel + numerous residential developments. Don’t miss this Great Opportunity to invest in this Prime Upcoming Area!
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. License #01944770 Listed on: 03/14/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $20,193
Year Built
- Built in 1942
Lot Details
- 7,524 Sq Ft Lot
- 1 Common Wall
- Density is 2-5 Units/Acre
Parking
- 5 Car Garage
- Parking Available
Home Design
- 3,582 Sq Ft Home
- Apartment
Bedrooms and Bathrooms
- 6 Bedrooms
- 5 Bathrooms
Additional Features
- Laundry Room
- Exterior Lighting
Listing and Financial Details
- Tax Lot 8
- Tax Tract Number 697
- Assessor Parcel Number 4020004010
- $1,401 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 5 Units
Building Details
- 5 Leased Units
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 5 Separate Water Meters
- Electric Expense $1,000
- Fuel Expense $1,000
- Gardener Expense $1,200
- Insurance Expense $1,897
- Maintenance Expense $3,638
- Professional Management Expense $4,548
- Trash Expense $1,000
- Water Sewer Expense $1,000
- New Taxes Expense $18,563
- Operating Expense $33,846
- Gross Income $90,960
- Net Operating Income $52,566
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 14, 2022
Closed on
May 4, 2022
Sold by
P & R Trust
Bought by
Nikkar Revocable Living Trust
Seller's Agent
Stephen Takahashi
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$1,485,000
Sold Price
$1,455,300
Premium/Discount to List
-$29,700
-2%
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
-$38,800
Avg. Annual Appreciation
-0.60%
Purchase Details
Closed on
Dec 27, 2005
Sold by
Bharadwa Rajnikant and Bharadwa Prabhavati
Bought by
Bharadwa Rajnikant and Bharadwa Prabhavati
Purchase Details
Closed on
Nov 22, 1993
Sold by
Bharadwa Rajnikant and Bharadwa Prabhavati
Bought by
Bharadwa Rajnikant and Bharadwa Prabhavati
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Nikkar Revocable Living Trust | $1,455,500 | Lawyers Title | |
| Bharadwa Rajnikant | -- | None Available | |
| Bharadwa Rajnikant | -- | -- |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/09/2022 05/09/22 | Sold | $1,455,300 | -2.0% | $406 / Sq Ft |
| 03/14/2022 03/14/22 | For Sale | $1,485,000 | -- | $415 / 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 | $20,193 | $1,544,375 | $1,061,208 | $483,167 |
| 2024 | $20,193 | $1,514,094 | $1,040,400 | $473,694 |
| 2023 | $19,983 | $1,484,406 | $1,020,000 | $464,406 |
| 2022 | $7,507 | $468,063 | $187,223 | $280,840 |
| 2021 | $7,444 | $458,886 | $183,552 | $275,334 |
| 2020 | $7,151 | $454,181 | $181,670 | $272,511 |
| 2019 | $7,044 | $445,276 | $178,108 | $267,168 |
| 2018 | $6,944 | $436,546 | $174,616 | $261,930 |
| 2016 | $6,503 | $419,597 | $167,837 | $251,760 |
| 2015 | $6,445 | $413,295 | $165,316 | $247,979 |
| 2014 | $6,452 | $405,200 | $162,078 | $243,122 |
Source: Public Records
Agents Affiliated with this Home
-
-
Seller Co-Listing Agent in 2022
Johnnie Stiegler
Lyon Stahl Investment Real Estate, Inc.
(310) 606-0939
2 in this area
89 Total Sales
-
N
Buyer's Agent in 2022
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
7 in this area
5,774 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB22050542
APN: 4020-004-010
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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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