NOT LISTED FOR SALE

418 Centinela Ave Inglewood, CA 90302

North Inglewood Neighborhood

Estimated Value: $989,000 - $1,172,000

5 Beds
4 Baths
2,212 Sq Ft
$480/Sq Ft Est. Value

Last Sold September 30, 2016

Last sale price $630,000 $285 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $6,586/month

11 Days on Market

Highlights

  • All Bedrooms Downstairs
  • No HOA
  • Water Softener
  • Wood Flooring
  • Laundry Room
  • 4-minute walk to Edward Vincent Jr Park

About This Home

As of September 2016

Attention Investors and Owner Occupants! Great, income producing duplex on a prime Northwest Inglewood R3 lot. Front unit has four bedrooms (Tax roll, 6), and a large den/family room/second kitchen/laundry room. (This was once a third unit, but was not permitted, so previous owner joined the two units together.) The rear unit has 1 bed/1bath. Units are separately metered for gas and electricity. Front unit has new hardwood flooring, carpet and paint. Kitchen in the rear unit has been recently remodeled. Rear unit also has new electric panel. This property is adjacent to the magnificent Edward Vincent Jr. Park, and within walking distance of new Metro Station and soon to be redeveloped Downtown Inglewood. So many investor options here: 1. Collect the rent from the existing duplex. 2. Make alterations to the large front unit to create a permitted triplex. 3. Hold for a few years until the Metro station opens, and build a high-end, new 3-6 unit property on the site. The two lots to the north of this property have already been redeveloped as 3-6 unit properties. (Check with City of Inglewood for requirements)

Last Agent to Sell the Property

Maeve Becker

Keller Williams South Bay License #01963513 Listed on: 07/07/2016

Keller Williams South Bay

Last Buyer's Agent

Kevin Kretzmer

TurboHome Brokerage Inc. License #01997822

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,589

Year Built

  • Built in 1950

Lot Details

  • 8,126 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls

Home Design

  • 2,212 Sq Ft Home

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • All Bedrooms Down
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 3 Parking Spaces
  • Parking Available
  • Assigned Parking

Additional Features

  • Gas Oven
  • Urban Location
  • Water Softener

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 55
  • Tax Tract Number 4242
  • Assessor Parcel Number 4015009004

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Insurance Expense $800
  • Other Expense $1,880
  • Professional Management Expense $2,160
  • Trash Expense $240
  • Water Sewer Expense $960
  • New Taxes Expense $8,125
  • Gross Income $3,550
  • Net Operating Income $26,306

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,589

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Professional Management Expense: 2160.00
  • Property Attached: No
  • Road Frontage Type: Alley, City Street
  • Water Sewer Expenses: 960.00
  • Property Type: Residential Income
  • Parcel Number: 4015009004
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl, Wood
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 284.81
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Available
  • Laundry: Yes
  • Appliances: Gas Oven, Water Softener
  • Laundry Features: Common Area, Dryer Included, Washer Included
  • Trash Expense: 240.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 8126.00
  • Price Per Lot Square Foot: 79.87

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 3550.00
  • Gross Scheduled Income: 42600.00
  • Insurance Expense: 800.00
  • Net Operating Income: 26306.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Total: 2
  • Number With Carpet: 2
  • Number With Range: 1
  • Number With Refrigerator: 1
  • Operating Expense: 14165.00
  • Operating Expense Percent: 35.00
  • Other Expense: 1880.00
  • Other Expense Description: Reserves
  • Rent Control: No
  • Vacancy Allowance: 5

Tax Info

  • New Taxes Expense: 8125.00
  • Tax Lot: 55
  • Tax Tract Number: 4242

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2016
Closed on
Sep 28, 2016
Sold by
Egan Morris Annieta
Bought by
Morris Roger D
Seller's Agent
Maeve Becker
Keller Williams South Bay
Buyer's Agent
Kevin Kretzmer
TurboHome Brokerage Inc.
List Price
$649,000
Sold Price
$630,000
Premium/Discount to List
-$19,000
-2.93%
Current Estimated Value
$1,062,022

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$432,022
Avg. Annual Appreciation
6.04%

Purchase Details

Closed on
Jul 18, 2016
Sold by
Li Chia Yin
Bought by
Morris Roger D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$618,589
Interest Rate
3.43%
Mortgage Type
FHA

Purchase Details

Listed on
Feb 26, 2015
Closed on
Apr 13, 2015
Sold by
Hsieh Ming Hsien
Bought by
Li Chia Yin
Seller's Agent
Gustavo De Jesus Lopez
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Gustavo De Jesus Lopez
Berkshire Hathaway HomeServices California Properties
List Price
$499,000
Sold Price
$475,300
Premium/Discount to List
-$23,700
-4.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.16%
Original Mortgage
$242,500
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 26, 2015
Sold by
Hawkins Joyce M
Bought by
Li Chia Yin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,500
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 4, 2012
Closed on
Jun 4, 2012
Sold by
Freeman Partners Lp
Bought by
Hawkins Joyce M
Seller's Agent
Leo Nordine
Nordine Realtors, Inc.
Buyer's Agent
Gustavo De Jesus Lopez
List Price
$350,000
Sold Price
$350,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.85%
Original Mortgage
$239,112
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 21, 2011
Sold by
Rashti Manoucher
Bought by
Freeman Partners L P

Purchase Details

Closed on
Aug 20, 2005
Sold by
Saras Investment Llc
Bought by
Rashti Manoucher

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$364,000
Interest Rate
6.37%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 27, 2005
Sold by
Rashti Manoucher
Bought by
Sarahs Investment Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$364,000
Interest Rate
6.37%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 14, 2003
Sold by
Madani Matin
Bought by
Rashti Manoucher

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,200
Interest Rate
2.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 4, 2003
Sold by
Rocker Nat
Bought by
Rashti Manoucher

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,200
Interest Rate
2.12%
Mortgage Type
Purchase Money Mortgage
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
Morris Roger D -- Progressive Title
Morris Roger D $630,000 Progressive Title
Li Chia Yin -- Orange Coast Title Company
Li Chia Yin $475,500 Orange Coast Title
Hawkins Joyce M $350,000 Usa National Title Co
Freeman Partners L P $211,355 None Available
Rashti Manoucher -- Southland Title
Rashti Manoucher -- Southland Title
Sarahs Investment Llc -- --
Rashti Manoucher -- Gateway Title
Rashti Manoucher $299,000 Gateway Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morris Roger D $617,444
Closed Morris Roger D $603,000
Previous Owner Morris Roger D $618,589
Previous Owner Li Chia Yin $242,500
Previous Owner Hawkins Joyce M $239,112
Previous Owner Rashti Manoucher $364,000
Previous Owner Rashti Manoucher $239,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2016 09/30/16 Sold $630,000 -2.9% $285 / Sq Ft
07/07/2016 07/07/16 For Sale $649,000 0.0% $293 / Sq Ft
07/05/2016 07/05/16 Pending -- -- --
06/24/2016 06/24/16 For Sale $649,000 +36.5% $293 / Sq Ft
06/01/2015 06/01/15 Sold $475,300 -4.7% $216 / Sq Ft
03/11/2015 03/11/15 Pending -- -- --
02/26/2015 02/26/15 For Sale $499,000 +42.6% $227 / Sq Ft
07/27/2012 07/27/12 Sold $350,000 0.0% $158 / Sq Ft
07/02/2012 07/02/12 Pending -- -- --
05/04/2012 05/04/12 For Sale $350,000 -- $158 / 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 $9,589 $731,160 $438,697 $292,463
2024 $9,589 $716,825 $430,096 $286,729
2023 $9,491 $702,770 $421,663 $281,107
2022 $9,672 $688,992 $413,396 $275,596
2021 $9,578 $675,484 $405,291 $270,193
2020 $9,150 $668,559 $401,136 $267,423
2019 $9,001 $655,451 $393,271 $262,180
2018 $8,945 $642,600 $385,560 $257,040
2016 $6,739 $482,751 $381,226 $101,525
2015 $5,166 $358,611 $245,905 $112,706
2014 -- $351,588 $241,089 $110,499
Source: Public Records

Agents Affiliated with this Home

  • Maeve Becker

    Seller's Agent in 2016

    Maeve Becker

    Keller Williams South Bay

    (310) 902-0109

    4 in this area

    18 Total Sales

    Maeve Becker
    Section Image

  • K

    Buyer's Agent in 2016

    Kevin Kretzmer

    TurboHome Brokerage Inc.

    (800) 218-8012

    19 Total Sales

    Kevin Kretzmer
    Section Image

  • G

    Seller's Agent in 2015

    Gustavo De Jesus Lopez

    Berkshire Hathaway HomeServices California Properties

    (323) 572-5752

    7 Total Sales

    Gustavo De Jesus Lopez
    Section Image

  • L

    Seller's Agent in 2012

    Leo Nordine

    Nordine Realtors, Inc.

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB16137802

California Regional Multiple Listing Service (CRMLS)

APN: 4015-009-004

California Los Angeles County Inglewood 90302 North Inglewood

418 Centinela Ave, Inglewood, CA

This home is located at 418 Centinela Ave, Inglewood, CA 90302 since 07 July 2016 and is currently estimated at $1,062,022, approximately $480 per square foot. This property was built in 1950. 418 Centinela Ave is a home located in Los Angeles County with nearby schools including Centinela Elementary School, Crozier (George W.) Middle School, and Inglewood High School.

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.

California Regional Multiple Listing Service (CRMLS) 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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