Seller's Agent in 2019
Stephen Lampe
RE/MAX
(310) 802-2500
47 Total Sales
514 E Queen St Inglewood, CA 90301
8
Beds
5
Baths
4,796
Sq Ft
7,288
Sq Ft Lot
Highlights
- Laundry Room
- Landscaped
- 4-minute walk to Queen Park
About This Home
As of December 2019514 East Queen Street is a 5-unit apartment building located in the best part of Inglewood - one mile from the new Hollywood Park neighborhood development and Sofi Stadium (future home to the NFL’s Los Angeles Rams and Chargers)!
This large, 4,796 SF structure was built in 1958 and has a desirable unit mix of three (3) 2-bed/1-bath, and two (2) 1-bed/1-bath (each unit is individually metered for gas and electric).
Recent improvements include a new roof, new paint and upgrades to the interiors which include marble countertops, new carpet, new appliances, and new lighting.
Situated on 7,288 SF of land this property has been well-maintained and features a beautifully landscaped yard, with parking for seven (7) vehicles (4 carport spaces in front, a 2 car garage, and 1 open space in back) and an on-site laundry room.
Each unit is due an annual rent increase providing immediate rent upside. Given the prime North Inglewood location, this is an amazing multifamily investment.
Last Agent to Sell the Property
Re/Max Commercial & Investment License #01164364 Listed on: 10/10/2019
Co-Listed By
David Suiter
Re/Max Commercial & Investment License #01839560
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1958
Lot Details
- 7,288 Sq Ft Lot
- No Common Walls
- Landscaped
Parking
- 1 Open Parking Space
- 2 Car Garage
- 4 Carport Spaces
- Parking Available
- Assigned Parking
Interior Spaces
- 4,796 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 8 Bedrooms
- 5 Bathrooms
Laundry
- Laundry Room
- Laundry Located Outside
Listing and Financial Details
- Legal Lot and Block 4 / 3
- Tax Tract Number 146
- Assessor Parcel Number 4021005002
Community Details
Building Details
- 5 Leased Units
- Rent Control
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $300
- Fuel Expense $300
- Insurance Expense $2,500
- Trash Expense $2,750
- Water Sewer Expense $2,750
- New Taxes Expense $20,197
- Operating Expense $34,277
- Gross Income $87,420
- Net Operating Income $51,690
Additional Features
- 5 Units
- Laundry Facilities
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Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/23/2019 12/23/19 | Sold | $1,455,000 | -6.1% | $303 / Sq Ft |
| 12/03/2019 12/03/19 | Pending | -- | -- | -- |
| 10/10/2019 10/10/19 | For Sale | $1,550,000 | -- | $323 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $20,893 | $1,591,249 | $1,312,373 | $278,876 |
| 2024 | $20,893 | $1,560,049 | $1,286,641 | $273,408 |
| 2023 | $20,674 | $1,529,461 | $1,261,413 | $268,048 |
| 2022 | $21,065 | $1,499,473 | $1,236,680 | $262,793 |
| 2021 | $20,873 | $1,470,073 | $1,212,432 | $257,641 |
| 2019 | $6,296 | $377,002 | $142,994 | $234,008 |
| 2018 | $6,209 | $369,611 | $140,191 | $229,420 |
| 2016 | $5,821 | $355,261 | $134,749 | $220,512 |
| 2015 | $5,768 | $349,925 | $132,725 | $217,200 |
| 2014 | $5,780 | $343,072 | $130,126 | $212,946 |
Source: Public Records
Agents Affiliated with this Home
-
Stephen Lampe
-
D
Seller Co-Listing Agent in 2019
David Suiter
RE/MAX
-
Merrie Kung
Buyer's Agent in 2019
Merrie Kung
Rodeo Realty
(310) 736-5599
11 Total Sales
-
Binyamin Ben-Liaou
Buyer Co-Listing Agent in 2019
Binyamin Ben-Liaou
Rodeo Realty
(310) 432-6400
11 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB19240357
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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
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