$1,995,000
$55K PRICE DROP

Estimated payment $12,844/month

Total Views 4,567
8 Beds
9 Baths
3,318 Sq Ft
$601 Price per Sq Ft

Highlights

  • Open Floorplan
  • Contemporary Architecture
  • Open Patio
  • Fireplace in Kitchen
  • Granite Countertops
  • ADA Compliant

About This Home

Excellent Location! Close Proximity to SoFi Stadium, Intuit Dome, Kia Forum, Hollywood Park casino, shopping and restaurant complex and LAX. Great opportunity to invest in an ever-expanding and developing area that has become a highly sort-after location for renters/investors/developers. Property features 2 Buildings, 9 Units and 11 Parking Spaces. 100% Occupied. Recent upgrades: New roof on building #1, painting of all exteriors, new entry gate motor, newer electrical meter, copper plumbing, new water heater. Some Units have private patios. All Units have AC Wall Units. Property has Onsite Laundry. Inglewood has emerged as one of Southern California's most dynamic real estate markets, driven by major developments and a surge in demand. With its strategic location near downtown Los Angeles and the South Bay, Inglewood offers strong investment potential and a growing community appeal. Key economic drivers such as the SoFi Stadium, home to the LA Rams and Chargers, has transformed the area into a major entertainment and sports hub. Adjacent to it, Hollywood Park is a 300-acre mixed-use development featuring retail, office space, residences, and green spaces. The Forum, a legendary concert venue, continues to attract top-tier events, further solidifying Inglewood's status as a cultural destination. Additionally, Los Angeles International Airport (LAX), one of the busiest airports in the world, provides significant employment opportunities, fueling local housing demand. With a strong job market, ongoing development, and increasing property values, Inglewood presents a prime opportunity for apartment building owner and investors.

Listing Agent

Mason Canter

Keller Williams Realty Los Feliz License #01797960 Listed on: 04/08/2025

Keller Williams Realty Los Feliz

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,911

Year Built

  • Built in 1948 | Remodeled

Lot Details

  • 0.28 Acre Lot
  • Gated Home

Home Design

  • Contemporary Architecture
  • Flat Roof Shape

Interior Spaces

  • 3,318 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Gas Fireplace

Kitchen

  • Gas Oven
  • Microwave
  • Freezer
  • Granite Countertops
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 9 Bathrooms

Home Security

  • Security Lights
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 11 Open Parking Spaces
  • 11 Parking Spaces
  • Automatic Gate
  • Assigned Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Central Heating
  • Central Water Heater

Additional Features

  • ADA Compliant
  • Open Patio

Listing and Financial Details

  • The owner pays for water, gas, gardener
  • Assessor Parcel Number 4014-027-021

Community Details

Overview

  • Association fees include trash, water and sewer paid
  • 2 Buildings
  • 9 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • Vacancy Allowance $4,824

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,911

Year Built

Built in 1948 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Contemporary
  • Levels: One
  • Street Number Display: Yes
  • ADA Compliant: Yes
  • Additional Assessor Parcel Numbers: No
  • Advertising Remarks: Excellent Location! Close Proximity to SoFi Stadium, Intuit Dome, Kia Forum, Hollywood Park casino, shopping and restaurant complex and LAX. Great opportunity to invest in an ever-expanding and developing area that has become a highly sort-after location for renters/investors/developers. Property features 2 Buildings, 9 Units and 11 Parking Spaces. 100% Occupied. Recent upgrades: New roof on building #1, painting of all exteriors, new entry gate motor, newer electrical meter, copper plumbing, new water heater. Some Units have private patios. All Units have AC Wall Units. Property has Onsite Laundry. Inglewood has emerged as one of Southern California's most dynamic real estate markets, driven by major developments and a surge in demand. With its strategic location near downtown Los Angeles and the South Bay, Inglewood offers strong investment potential and a growing community appeal.
  • Living Area: 3318
  • Lot Acreage: 0.2759
  • Probate: No
  • Property Condition: Updated/Remodeled
  • Stories: 1
  • Year Built: 1948
  • Number Of Photos: 19
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Common Walls, Open Floor Plan
  • Number Carpet: 0
  • Number Dishwasher: 0
  • Number Disposal: 9
  • Number Drapes: 0
  • Number Range: 9
  • Number Refrigerator: 9
  • Fireplace Rooms: Gas, Kitchen
  • Appliances: Gas, Microwave, Oven, Oven-Gas
  • Bedrooms: 8
  • Bathroom Features: Shower Stall
  • Kitchen Features: Granite Counters
  • Laundry: Community
  • Laundry Equipment: Own
  • Total Bathrooms: 9.00
  • Equipment: Microwave, Hood Fan, Freezer, Range/Oven, Refrigerator
  • Price Per S Q F T: 601.27

Exterior Features

  • Other Structures: Other
  • Number Patio: 2
  • Patio: Patio Open
  • Paved: Yes
  • Pool: No
  • Roof: Flat
  • Spa Yn: No
  • View: No

Garage/Parking

  • Other Spaces: 11
  • Garage Structures: 0
  • Number Rented Garages: 0
  • Parking Garage: Assigned
  • Total Parking: 11

Utilities

  • Water Heater: Central Water Heater, Water Heater Unit
  • Cooling: Wall Unit(s)
  • Heating: Central
  • Number Electric Meters: 0
  • Number Gas Meters: 0
  • Number Water Meters: 0
  • Security: Carbon Monoxide Detector(s), Smoke Detector, Exterior Security Lights, Gated

Condo/Co-op/Association

  • Association Fees Include: Trash, Water and Sewer Paid

Lot Info

  • Assessed Improvement Percent: 24.14
  • Assessed Improvement Value: 382774
  • Assessed Land Percent: 75.86
  • Assessed Land Value: 1203008
  • Total Assessed Value: 1585782
  • Assessor Parcel Number: 4014-027-021
  • Lot Description: Fenced, Exterior Security Lights, Automatic Gate
  • Lot Size Area: 12018

Rental Info

  • Total Actual Rent: 160812.00
  • Monthly Gross Income: 13401.00
  • Owner Pays: Water, Gas, Gardener
  • Rent Control: Yes
  • Tenant Pays: Electricity, Cable TV

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 12.39
  • Number Of Units: 9
  • Number Wall A C: 9
  • Rent Control: 100
  • Total Annual Expense: 55879
  • Type Of Units: Apartments
  • Vacancy Allow: 4824
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: 0%

Tax Info

  • Tax Rate: 1.25
  • Tax Total: 25625.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $21,911 $1,617,497 $1,227,068 $390,429
2024 $21,911 $1,585,782 $1,203,008 $382,774
2023 $21,678 $1,554,689 $1,179,420 $375,269
2022 $22,065 $1,524,206 $1,156,295 $367,911
2021 $21,895 $1,494,321 $1,133,623 $360,698
2019 $20,608 $1,450,000 $1,100,000 $350,000
2018 $11,527 $734,009 $538,684 $195,325
2016 $10,804 $705,509 $517,767 $187,742
2015 $10,697 $694,912 $509,990 $184,922
2014 $9,649 $600,000 $414,700 $185,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2025 06/25/25 Price Changed $1,995,000 -2.7% $601 / Sq Ft
04/08/2025 04/08/25 For Sale $2,050,000 -- $618 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,450,000 Old Republic Title Company
Interfamily Deed Transfer -- North American Title
Grant Deed $675,000 North American Title
Interfamily Deed Transfer -- Provident Title Company
Grant Deed $590,000 Provident Title Company
Interfamily Deed Transfer -- Provident Title Company
Interfamily Deed Transfer -- North American Title Co
Grant Deed $185,000 North American Title Co
Trustee Deed $136,821 American Title
Gift Deed -- --
Grant Deed $95,000 --
Interfamily Deed Transfer $135,000 Chicago Title Insurance Co
Trustee Deed $178,730 Stewart Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $815,000 Commercial
Closed $840,000 Commercial
Previous Owner $150,000 Commercial
Previous Owner $355,000 Commercial
Previous Owner $365,000 Seller Take Back
Previous Owner $171,000 Commercial
Previous Owner $141,000 Commercial
Previous Owner $65,000 Commercial
Previous Owner $125,000 Commercial
Source: Public Records

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Source: The MLS

MLS Number: 25522925

The MLS

APN: 4014-027-021