NOT LISTED FOR SALE

506 S Inglewood Ave Inglewood, CA 90301

Estimated Value: $1,017,000 - $1,159,078

3 Beds
4 Baths
2,720 Sq Ft
$400/Sq Ft Est. Value

Last Sold November 29, 2023

Last sale price $1,000,000 $368 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $6,990/month

126 Days on Market

Highlights

  • Traditional Architecture
  • Lawn
  • Intercom
  • Wood Flooring
  • 3 Car Attached Garage
  • Crown Molding

About This Home

As of November 2023

Probate sale, subject to Court confirmation and overbidding in Court. Sale was confirmed in Court on Oct. 27th, 2023. For sale after 68 years! Great 4 units w/ 3 separate garages close to the SoFi Stadium and the Forum! Low maintenance. Great upside in rents. Separately metered for both gas and electricity. Two of the 1 bedroom units (Unit 506 & 506 1/2) are vacant and will be delivered vacant at close of escrow. Large lot, ideal for future development. Seller is a Court-appointed fiduciary and cannot make any representations as to the condition, history of the subject property. Sold AS IS and WHERE IS. Buyer to conduct their own investigations.

Last Agent to Sell the Property

Vinny Jain

Ingenious Asset Group, Inc. License #01413466 Listed on: 06/22/2023

Last Buyer's Agent

Nick Ensbury

Lyon Stahl Investment Real Estate, Inc. License #02012167

Lyon Stahl Investment Real Estate, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,378

Year Built

  • Built in 1923

Lot Details

  • 6,757 Sq Ft Lot
  • Rectangular Lot
  • Level Lot
  • Lawn
  • Front Yard
  • Property is zoned INR3*

Home Design

  • Traditional Architecture
  • Shingle Roof
  • Stucco

Interior Spaces

  • 2,720 Sq Ft Home
  • 1-Story Property
  • Crown Molding
  • Ceiling Fan
  • Property Views

Kitchen

  • Oven or Range
  • Gas and Electric Range
  • Microwave
  • Tile Countertops

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Bathrooms
  • Bathtub with Shower

Home Security

  • Intercom
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 3 Car Attached Garage
  • Driveway

Utilities

  • Central Heating and Cooling System
  • Property is located within a water district
  • Gas Water Heater
  • Sewer in Street

Additional Features

  • Rain Gutters
  • City Lot

Listing and Financial Details

  • Assessor Parcel Number 4020-013-010

Community Details

Overview

Building Details

  • Rent Control

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,378

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Traditional
  • Levels: Two
  • Street Number Display: Yes
  • Advertising Remarks: Probate sale, subject to Court confirmation and overbidding in Court. Sale was confirmed in Court on Oct. 27th, 2023. For sale after 68 years! Great 4 units w/ 3 separate garages close to the SoFi Stadium and the Forum! Large lot, ideal for future development. Seller is a Court-appointed fiduciary and cannot make any representations as to the condition, history of the subject property. Sold AS IS and WHERE IS. Buyer to conduct their own investigations.
  • Exclusions: Any and all personal items belonging to the occupant(s).
  • Living Area: 2720
  • Lot Acreage: 0.1551
  • Probate: Yes
  • Stories: 1
  • Year Built: 1923
  • Number Of Photos: 25
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Crown Moldings, Intercom
  • Flooring: Carpet, Tile, Wood, Vinyl
  • Appliances: Gas/Electric Range, Microwave
  • Bedrooms: 3
  • Common Walls: Detached/No Common Walls
  • Bathroom Features: Shower Over Tub, Fiberglass Shower Enclosure
  • Kitchen Features: Tile Counters, Counter Top
  • Total Bathrooms: 4.00
  • Equipment: Microwave, Range/Oven, Intercom, Ceiling Fan
  • Price Per S Q F T: 367.65

Exterior Features

  • Construction: Concrete, Stucco
  • Other Features: Rain Gutters
  • Other Structures: None
  • Pool: No
  • Roof: Shingle
  • Spa Yn: No
  • View: Walk Street, Fields
  • View: Yes

Garage/Parking

  • Covered Parking: 3
  • Parking Garage: Driveway, Garage - 3 Car, Attached, Covered Parking
  • Total Parking: 3

Utilities

  • Water Heater: Gas, Water Heater Unit
  • Cooling: Ceiling Fan, Central
  • Heating: Central
  • Security: Carbon Monoxide Detector(s), Smoke Detector
  • Sewer: In Street
  • Water: District
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 29.68
  • Assessed Improvement Value: 18217
  • Assessed Land Percent: 70.32
  • Assessed Land Value: 43168
  • Total Assessed Value: 61385
  • Assessor Parcel Number: 4020-013-010
  • Lot Description: Front Yard, Gutters, Lot-Level/Flat, Lot Shape-Rectangular, Lawn, Walk Street, Yard
  • Lot Location: City, Flats
  • Lot Size Area: 6757

Rental Info

  • Court Approve: Yes
  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 14.01
  • Number Of Units: 4
  • Total Annual Expense: 19086
  • Type Of Units: Residential
  • Vacancy Allow: 3570
  • Vacancy Allow Percent: 5.00
  • Vacancy Rate: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2023
Closed on
Nov 9, 2023
Sold by
Parrish Living Trust
Bought by
Lls Grp 3 Llc
Seller's Agent
Vinny Jain
Ingenious Asset Group, Inc.
Buyer's Agent
Nick Ensbury
Lyon Stahl Investment Real Estate, Inc.
List Price
$1,050,500
Sold Price
$1,000,000
Premium/Discount to List
-$50,500
-4.81%
Views
193
Current Estimated Value
$1,086,770

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$86,770
Avg. Annual Appreciation
4.79%
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
Lls Grp 3 Llc $1,000,000 Old Republic Title Company
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/29/2023 11/29/23 Sold $1,000,000 0.0% $368 / Sq Ft
10/27/2023 10/27/23 Price Changed $1,000,000 -4.8% $368 / Sq Ft
10/26/2023 10/26/23 Pending -- -- --
10/16/2023 10/16/23 For Sale $1,050,500 0.0% $386 / Sq Ft
09/11/2023 09/11/23 Price Changed $1,050,500 +5.1% $386 / Sq Ft
08/23/2023 08/23/23 Pending -- -- --
06/22/2023 06/22/23 For Sale $1,000,000 0.0% $368 / Sq Ft
07/15/2013 07/15/13 Rented $1,050 0.0% --
07/15/2013 07/15/13 Under Contract -- -- --
07/08/2013 07/08/13 For Rent $1,050 -- --
Source: The MLS

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 $13,378 $1,020,000 $714,000 $306,000
2024 $13,378 $1,000,000 $700,000 $300,000
2023 $1,761 $62,612 $44,031 $18,581
2022 $1,768 $61,385 $43,168 $18,217
2021 $1,753 $60,182 $42,322 $17,860
2019 $1,689 $58,399 $41,068 $17,331
2018 $1,577 $57,255 $40,263 $16,992
2016 $1,447 $55,033 $38,700 $16,333
2015 $1,429 $54,207 $38,119 $16,088
2014 $1,448 $53,146 $37,373 $15,773
Source: Public Records

Agents Affiliated with this Home

  • Vinny Jain

    Seller's Agent in 2023

    Vinny Jain

    Ingenious Asset Group, Inc.

    (310) 997-2552

    1 in this area

    78 Total Sales

    Vinny Jain
    Section Image

  • N

    Buyer's Agent in 2023

    Nick Ensbury

    Lyon Stahl Investment Real Estate, Inc.

    Section Image

  • M

    Seller's Agent in 2013

    Michael ACE Blackburn

    Coldwell Banker Realty

  • leslie klein

    Buyer's Agent in 2013

    leslie klein

    Estate Properties

    (310) 795-1553

    1 in this area

    4 Total Sales

    leslie klein
    Section Image
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Map

Source: The MLS

MLS Number: 23-281149

The MLS

APN: 4020-013-010

California Los Angeles County Inglewood 90301

506 S Inglewood Ave, Inglewood, CA

This home is located at 506 S Inglewood Ave, Inglewood, CA 90301 since 22 June 2023 and is currently estimated at $1,086,770, approximately $399 per square foot. This property was built in 1923. 506 S Inglewood Ave is a home located in Los Angeles County with nearby schools including Hudnall (Claude) Elementary School, Crozier (George W.) Middle School, and Morningside 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.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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