NOT LISTED FOR SALE

512 E Buckthorn St Inglewood, CA 90301

-- Bed
-- Bath
2,244 Sq Ft
7,856 Sq Ft Lot

Last Sold February 13, 2013

Last sale price $885,000 $394 Per Sq Ft

85 Days on Market

About This Home

As of February 2013

Beautiful 1990's vintage apartment building with all 2-bedroom/1.5bathroom units. The property has realistic rental upside and will be at a over 7% pro-forma cap rate with modest rent increases and REAL expenses. The property features individual hot water heaters, double enclosed garages, and guest parking spaces. This is an extremely well maintained, newer vintage, pride of ownership, non-rent controlled Inglewood apartment building that was originally purchased directly from the builder. Full copper plumbing, reduced operational expenses, and a very strong cash-on-cash return for the passive investor.

Last Agent to Sell the Property

Jonathan Nikfarjam

Shield CRE, Inc. License #01856803 Listed on: 08/13/2012

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1990

Lot Details

  • 7,856 Sq Ft Lot

Parking

  • 12 Parking Spaces

Interior Spaces

  • 2,244 Sq Ft Home
  • 2-Story Property

Community Details

  • 6 Units

Listing and Financial Details

  • Assessor Parcel Number 4024-006-024

Property Details

Home Type

Multi-Family

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2244
  • Stories: 2
  • Year Built: 1990
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Price Per S Q F T: 407.75

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Total Parking: 12

Fee Information

  • Insurance Expense: 2105.00
  • Maintenance Expense: 2400.00
  • Management Expense: 4359.00

Lot Info

  • Assessed Improvement Value: 266665
  • Assessed Land Value: 622220
  • Assessor Parcel Number: 4024-006-024
  • Lot Size Area: 7856

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 10.01
  • Number Of Units: 6
  • Type Of Units: Apartment

Tax Info

  • Tax Expense: 13230.00

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

Property History

Date Event Price List to Sale Price per Sq Ft
02/13/2013 02/13/13 Sold $885,000 -6.3% $394 / Sq Ft
11/06/2012 11/06/12 Pending -- -- --
08/13/2012 08/13/12 For Sale $945,000 -- $421 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jonathan Nikfarjam

    Seller's Agent in 2013

    Jonathan Nikfarjam

    Shield CRE, Inc.

    (310) 880-6807

    78 Total Sales

    Jonathan Nikfarjam
    Section Image

  • S

    Buyer's Agent in 2013

    Subscriber Non

    Non-Participant Office

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Map

Source: The MLS

MLS Number: 12-618631

The MLS
California Los Angeles County Inglewood 90301

512 E Buckthorn St, Inglewood, CA

Not Listed for Sale

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