NOT LISTED FOR SALE
12 Beds
12 Baths
6,272 Sq Ft
8,111 Sq Ft Lot

Last Sold February 23, 2022

Last sale price $1,915,000 $305 Per Sq Ft

63 Days on Market

Highlights

  • No HOA
  • Tile Flooring
  • Ceiling Fan
  • Laundry Room
  • Central Heating
  • 4-minute walk to Edward Vincent Jr Park

About This Home

As of February 2022

We are proud to present this 6 unit (each unit consists of 2 bedrooms & 1.5 Baths) town house style apartment in the city of Inglewood with upside potential in rents! All units are individually gas and electrical metered with laundry and dryer hookup inside each unit. This property is conveniently located near the 405 & 105 freeway, LAX, walking distance to the new upcoming Metro line station to LAX, 2 miles away from Sofi stadium, The forum, and other shopping districts. Do not miss out on this great investment opportunity in the rapidly developing city of Inglewood!

Last Agent to Sell the Property

Freddy Okuda

ADW Management USA, Inc. License #02073148 Listed on: 11/04/2021

Last Buyer's Agent

Jonathan Nikfarjam

Shield CRE, Inc. License #01856803

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 8,111 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Shingle Roof

Interior Spaces

  • 6,272 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan

Kitchen

  • Gas Oven
  • Gas Range
  • Range Hood

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 12 Bedrooms
  • All Upper Level Bedrooms
  • 12 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Parking

  • 12 Parking Spaces
  • 12 Carport Spaces
  • Parking Available
  • Assigned Parking

Utilities

  • Central Heating

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 53
  • Tax Tract Number 4242
  • Assessor Parcel Number 4015009040

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Building Details

  • 6 Leased Units
  • Rent Control
  • 7 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $573
  • Gardener Expense $1,440
  • Insurance Expense $2,259
  • Maintenance Expense $3,500
  • Other Expense $500
  • Pest Control $145
  • Professional Management Expense $4,744
  • Trash Expense $2,605
  • Water Sewer Expense $4,780
  • New Taxes Expense $28,791
  • Operating Expense $49,337
  • Gross Income $122,280
  • Net Operating Income $70,359

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 3.55
  • Other Phone Description: 3109557613
  • Price Per Unit: 325000
  • Professional Management Expense: 4744.00
  • Property Attached: No
  • Water Sewer Expenses: 4780.00
  • Zoning: INR3*
  • Property Type: Residential Income
  • Gardener Expense: 1440.00
  • Parcel Number: 4015009040
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 3
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile, Vinyl
  • Appliances: Yes
  • Levels: Three Or More
  • Price Per Square Foot: 305.33
  • Room Type: All Bedrooms Up

Exterior Features

  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Carport Spaces: 12.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 12.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range, Range Hood
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Pest Control Expense: 145.00
  • Sewer: Public Sewer
  • Trash Expense: 2605.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 8111.00
  • Lot Size Acres: 0.1862

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 573.00
  • Gross Income: 122280.00
  • Gross Multiplier: 15.95
  • Gross Operating Income: 118612.00
  • Gross Scheduled Income: 122280.00
  • Insurance Expense: 2259.00
  • Lot Size Area: 8111.0000 Square Feet
  • Maintenance Expense: 3500.00
  • Maintenance Percent: 3.00
  • Net Operating Income: 70359.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Number With Range: 6
  • Operating Expense: 49337.00
  • Operating Expense Percent: 40.00
  • Other Expense: 500.00
  • Other Expense Description: Reserve
  • Rent Control: Yes
  • Total Actual Rent: 9915.00
  • Total Expenses: 49337.00
  • Vacancy Allowance: 3668
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 28791.00
  • Tax Census Tract: 6009.02
  • Tax Lot: 53
  • Tax Tract Number: 4242

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/23/2022 02/23/22 Sold $1,915,000 -1.8% $305 / Sq Ft
01/06/2022 01/06/22 Pending -- -- --
11/04/2021 11/04/21 For Sale $1,950,000 -- $311 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21230990

California Regional Multiple Listing Service (CRMLS)