NOT LISTED FOR SALE

Estimated Value: $1,011,000 - $1,239,000

6 Beds
5 Baths
2,476 Sq Ft
$450/Sq Ft Est. Value

Last Sold October 23, 2020

Last sale price $850,000 $343 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $7,229/month

58 Days on Market

Highlights

  • Living Room Balcony
  • Laundry Room
  • Central Heating
  • Cooling System Mounted To A Wall/Window
  • Accessible Parking
  • Vinyl Flooring

About This Home

As of October 2020

Investors delight! Prime rental location with an Urban-Suburban Mix and feel. Most area residents rent their homes so the subject property is in a great rental location and near the newly constructed SoFi Stadium where the Rames & Chargers will be playing and providing a great economic boost for the area. The front unit was build in 1992 and the back unit was originally built in 1942. The front 2nd story unit features a 3 bedroom 2 bathroom with a 2 car garage below. the ground floor has a 2 bedroom 1 bath unit with entrance from the backside of the front building. The 2nd building features a 1 bedroom, 1 bath in front, and a single unit on the backside of the unit. The property is currently permitted as a duplex but the property is currently being used as 4 separate units. Owner/Non-owner financing would be 25% down with the property as-is. Low-down Owner Occupied FHA 203k financing would be possible as well with the buying making changes to meet City and mortgage rehab guidelines. The property currently has 1 water meter, 2 gas meters, and 2 electric meters. Trash disposal is included in current property taxes. Buyers to verify rent control, building permits, inspections, etc. The subject property is close to schools, shopping, restaurants, and bars in a thriving area of Inglewood California. Current residents are on a Month to Month Lease. Please do not disturb current residence...

Last Agent to Sell the Property

Henry Prejean

BHHS CA Properties License #01192799 Listed on: 04/27/2020

BHHS CA Properties

Last Buyer's Agent

Mohammad Ali

Eagles Mortgage Company Inc. License #01757413

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,824

Year Built

  • Built in 1942

Lot Details

  • 5,797 Sq Ft Lot
  • 1 Common Wall
  • Back Yard

Parking

  • 2 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 2,476 Sq Ft Home
  • 2-Story Property
  • Vinyl Flooring

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Accessible Home Design

  • Accessible Parking

Outdoor Features

  • Living Room Balcony
  • Exterior Lighting

Location

  • Urban Location
  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating
  • Natural Gas Connected
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 31
  • Tax Tract Number 7002
  • Assessor Parcel Number 4034015028

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Operating Expense $2,400
  • Gross Income $59,400
  • Net Operating Income $54,615

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,824

Year Built

Built in 1942

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Zoning: LCR2YY
  • Property Type: Residential Income
  • Parcel Number: 4034015028
  • Year Built: 1942
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Balcony, Living Room Balcony
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Vinyl
  • Accessibility Features: Parking
  • Levels: Two
  • Price Per Square Foot: 343.30

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 5797.00
  • Lot Size Acres: 0.1331

Multi Family

  • Gross Income: 59400.00
  • Gross Scheduled Income: 59400.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 5797.0000 Square Feet
  • Net Operating Income: 54615.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 4785.00
  • Rent Control: Yes
  • Total Expenses: 2400.00

Tax Info

  • Tax Census Tract: 6018.01
  • Tax Lot: 31
  • Tax Tract Number: 7002

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 27, 2020
Closed on
Oct 9, 2020
Sold by
Das Rupa
Bought by
Das Sanjoy Kumar
Seller's Agent
Henry Prejean
BHHS CA Properties
Buyer's Agent
Mohammad Ali
Eagles Mortgage Company Inc.
List Price
$850,000
Sold Price
$850,000
Current Estimated Value
$1,115,422

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$265,422
Avg. Annual Appreciation
5.76%

Purchase Details

Closed on
Jul 8, 2020
Sold by
Alvarez Berta Maria
Bought by
Das Sanjoy Kumar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$566,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 19, 2018
Sold by
Alvarez Jose Israel
Bought by
Alvarez Jose Israel and Alvarez Berta Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 3, 1995
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Alvarez Jose Israel and Alvarez Rosa Haydee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,043
Interest Rate
8.32%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 24, 1994
Sold by
American Svgs Bank Fa
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Oct 13, 1994
Sold by
Leon Jose G and American Svgs Bank Fa
Bought by
American Svgs Bank Fa
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
Das Sanjoy Kumar -- Western Resources Title
Das Sanjoy Kumar $850,000 Western Resources Title
Alvarez Jose Israel -- Wfg Title Company
Alvarez Jose Israel $138,000 First American Title Company
Federal Home Loan Mortgage Corporation -- First American Title Company
American Svgs Bank Fa $123,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Das Sanjoy Kumar $566,000
Previous Owner Alvarez Jose Israel $375,000
Previous Owner Alvarez Jose Israel $270,000
Previous Owner Alvarez Jose I $50,000
Previous Owner Alvarez Jose Israel $221,000
Previous Owner Alvarez Jose Israel $172,500
Previous Owner Alvarez Jose Israel $133,738
Previous Owner Alvarez Jose Israel $136,043
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/23/2020 10/23/20 Sold $850,000 0.0% $343 / Sq Ft
06/24/2020 06/24/20 Pending -- -- --
04/27/2020 04/27/20 For Sale $850,000 -- $343 / 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 $13,824 $920,066 $595,337 $324,729
2024 $13,824 $902,026 $583,664 $318,362
2023 $13,305 $884,340 $572,220 $312,120
2022 $13,206 $867,000 $561,000 $306,000
2021 $12,862 $850,000 $550,000 $300,000
2020 $4,285 $211,924 $59,118 $152,806
2019 $4,031 $207,769 $57,959 $149,810
2018 $3,890 $203,696 $56,823 $146,873
2016 $3,537 $195,788 $54,617 $141,171
2015 $3,453 $192,848 $53,797 $139,051
2014 $3,441 $189,072 $52,744 $136,328
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20079960

California Regional Multiple Listing Service (CRMLS)

APN: 4034-015-028