Seller's Agent in 2024
Jason Lowery
Compass
(323) 393-0723
3 in this area
111 Total Sales
414 E Arbor Vitae St Inglewood, CA 90301
Estimated Value: $1,038,000 - $1,146,760
5
Beds
4
Baths
2,452
Sq Ft
$442/Sq Ft
Est. Value
Highlights
- Lawn
- Neighborhood Views
- Rectangular Lot
- No HOA
- Laundry Room
About This Home
As of August 2024Just four blocks from the main entrance to SoFi Stadium and enviably convenient to LAX, this beautifully maintained multi-family fourplex offers an outstanding location in Inglewood. Settled on a spacious homesite that spans nearly 7,211 square feet, the property features two single-level one-bedroom, one-bath apartments in the front. Accessed by a private driveway, the back area hosts a two-story building with a two-bedroom, one-bath apartment complete with a balcony located over a three-car garage. The lower level is home to vacant one-bedroom, one-bath apartment with white stone fireplace, a laundry room, and a covered and enclosed patio measuring 11' by 26'. Depending on the unit, upgrades include upgraded plank and tile flooring, designer paint, mirrored wardrobe doors, upgraded bathrooms with custom tile, and remodeled kitchens that showcase Shaker cabinetry and stainless steel appliances. All four apartments offer a combined total of approximately 2,452 square feet. Each residence has its own gas and electric meters, and the property proudly displays mature and manicured landscaping that includes an inviting front lawn. Enjoy an annual 5% rental increase, plus CPI (not to exceed 10%), providing a great opportunity to increase rents year over year. Conveniently located near a city park, schools, retail shopping centers, hospitals and the new Kia Forum.
Last Agent to Sell the Property
Compass Brokerage Phone: 310.409.5374 License #01817345 Listed on: 12/07/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,581
Year Built
- Built in 1951
Lot Details
- 7,211 Sq Ft Lot
- Lot Dimensions are 47'x158'
- 1 Common Wall
- Rectangular Lot
- Lawn
- Back and Front Yard
Parking
- 1 Open Parking Space
- 3 Car Garage
- Parking Available
- Three Garage Doors
Home Design
- Quadruplex
- Entry on the 1st floor
Interior Spaces
- 2,452 Sq Ft Home
- 2-Story Property
- Neighborhood Views
- Laundry Room
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Outdoor Features
- Exterior Lighting
- Rain Gutters
Utilities
- Natural Gas Connected
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Tax Lot 8
- Tax Tract Number 6011
- Assessor Parcel Number 4024015008
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 4 Units
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $2,800
- Trash Expense $924
- Water Sewer Expense $1,587
- Operating Expense $5,311
- Gross Income $59,160
- Net Operating Income $47,495
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 10, 2024
Sold by
Contreras Jessica Martina and Contreras Jose N
Bought by
J
Current Estimated Value
Purchase Details
Listed on
Dec 7, 2023
Closed on
Aug 1, 2024
Sold by
Contreras Martina
Bought by
Contreras Jose N
Seller's Agent
Jason Lowery
Compass
Buyer's Agent
Miguel Franco
24 Hour Real Estate
List Price
$1,159,000
Sold Price
$1,050,000
Premium/Discount to List
-$109,000
-9.4%
Views
168
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.06%
Original Mortgage
$997,500
Interest Rate
6.86%
Mortgage Type
New Conventional
Purchase Details
Listed on
Sep 26, 2019
Closed on
Nov 22, 2019
Sold by
Palmer Robert H and The Evelyn B Gibbs Irrevocable
Bought by
Douglas Young Lamonte
Seller's Agent
Mike Bellante
BELLANTE REALTY
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$799,500
Sold Price
$800,000
Premium/Discount to List
$500
0.06%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.96%
Original Mortgage
$600,000
Interest Rate
5.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
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 |
|---|---|---|---|
| J | -- | None Listed On Document | |
| Contreras Jose N | -- | Consumers Title Company | |
| Contreras Jessica Martina | $1,050,000 | Consumers Title Company | |
| Douglas Young Lamonte | $800,000 | Provident Title Company | |
| Douglas Young Lamonte | -- | Provident Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Contreras Jessica Martina | $997,500 | |
| Previous Owner | Douglas Young Lamonte | $750,000 | |
| Previous Owner | Douglas Young Lamonte | $600,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/08/2024 08/08/24 | Sold | $1,050,000 | -9.4% | $428 / Sq Ft |
| 07/02/2024 07/02/24 | Pending | -- | -- | -- |
| 02/20/2024 02/20/24 | For Sale | $1,159,000 | +10.4% | $473 / Sq Ft |
| 01/18/2024 01/18/24 | Off Market | $1,050,000 | -- | -- |
| 12/07/2023 12/07/23 | For Sale | $1,159,000 | +44.9% | $473 / Sq Ft |
| 11/27/2019 11/27/19 | Sold | $800,000 | +0.1% | $311 / Sq Ft |
| 10/15/2019 10/15/19 | Pending | -- | -- | -- |
| 09/26/2019 09/26/19 | For Sale | $799,500 | -- | $311 / 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 | $11,581 | $1,050,000 | $600,000 | $450,000 |
| 2024 | $11,581 | $857,758 | $659,402 | $198,356 |
| 2023 | $11,460 | $840,940 | $646,473 | $194,467 |
| 2022 | $11,672 | $824,452 | $633,798 | $190,654 |
| 2021 | $11,571 | $808,287 | $621,371 | $186,916 |
| 2020 | $11,060 | $800,000 | $615,000 | $185,000 |
| 2019 | $1,958 | $82,139 | $33,597 | $48,542 |
| 2018 | $1,822 | $80,530 | $32,939 | $47,591 |
| 2016 | $1,697 | $77,405 | $31,661 | $45,744 |
| 2015 | $1,676 | $76,243 | $31,186 | $45,057 |
| 2014 | $1,694 | $74,751 | $30,576 | $44,175 |
Source: Public Records
Agents Affiliated with this Home
-
Jason Lowery
-
Lori Smalls
L
Seller Co-Listing Agent in 2024
Lori Smalls
Compass
(714) 723-2771
2 in this area
10 Total Sales
-
Miguel Franco
M
Buyer's Agent in 2024
Miguel Franco
24 Hour Real Estate
(310) 592-0602
4 in this area
45 Total Sales
-
Mike Bellante
M
Seller's Agent in 2019
Mike Bellante
BELLANTE REALTY
(310) 671-6187
3 in this area
8 Total Sales
-
NoEmail NoEmail
N
Buyer's Agent in 2019
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
6 in this area
5,882 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB23219140
APN: 4024-015-008
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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