NOT LISTED FOR SALE
17 Beds
10 Baths
7,616 Sq Ft
8,980 Sq Ft Lot

Sale Details

Date Sold: November 5, 2025

Last sale price $1,625,000 $213 Per Sq Ft

32 Days on Market

Highlights

  • No HOA
  • 9 Car Garage
  • Laundry Facilities
  • Cooling Available

About This Home

As of November 2025

PRICED TO SELL ...INTRODUCING THIS JEWEL TO THE MARKET
Investment Opportunity – 9-Unit Building in Inglewood
517 E 97th St presents a rare value-add opportunity in the rapidly growing city of Inglewood. This 9-unit multifamily property currently has 8 vacant units ready for renovation and repositioning, with 1 units occupied, providing immediate rental income. Additional features include 9 garages (5 enclosed and 4 open) and a community laundry room. Gated entrance front and back ,
The property is ideal for experienced investors or developers seeking a project with significant upside potential. With renovations and leasing, the building offers strong cash flow possibilities in a high-demand rental market. There are no lease agreements * for the 2 occupied units.
Conveniently located blocks from ,Intuit Dome Sofi Stadium, Hollywood Park, LAX, and major transportation corridors.

Last Agent to Sell the Property

Diane Divinity

KELLER WILLIAMS PREMIER PROPERTIES Brokerage Phone: 909-239-4411 License #01783811 Listed on: 09/01/2025

KELLER WILLIAMS PREMIER PROPERTIES

Last Buyer's Agent

Diane Divinity

KELLER WILLIAMS PREMIER PROPERTIES Brokerage Phone: 909-239-4411 License #01783811 Listed on: 09/01/2025

KELLER WILLIAMS PREMIER PROPERTIES
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 8,980 Sq Ft Lot
  • 1 Common Wall
  • Density is 6-10 Units/Acre

Parking

  • 9 Car Garage
  • Parking Available

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 7,616 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 17 Bedrooms
  • 10 Bathrooms

Utilities

  • Cooling Available

Listing and Financial Details

  • Tenant pays for all utilities, electricity
  • Tax Lot 28
  • Tax Tract Number 550
  • Assessor Parcel Number 4024041022
  • $2,309 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 9 Units

Amenities

  • Laundry Facilities

Building Details

  • 1 Leased Unit
  • Rent Control
  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 9 Separate Water Meters
  • Insurance Expense $6,900
  • Water Sewer Expense $2,820
  • Operating Expense $9,720
  • Gross Income $194,400
  • Net Operating Income $184,680

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

8,980 Sq Ft Lot

Parking

9

Listing Details

  • CapRate: 9.00
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 2820.00
  • Zoning: INR3YY
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 4024041022
  • Year Built: 1962
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: Multi/Split
  • Price Per Square Foot: 213.37

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 9.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 9.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 8980.00
  • Lot Size Acres: 0.2062

Rental Info

  • Tenant Pays: All Utilities, Electricity

Multi Family

  • Gross Income: 194400.00
  • Gross Multiplier: 6.70
  • Gross Scheduled Income: 194400.00
  • Insurance Expense: 6900.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 8980.0000 Square Feet
  • Net Operating Income: 184680.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 9
  • Number Of Units Leased: 1
  • Number Of Units Total: 9
  • Operating Expense: 9720.00
  • Rent Control: Yes
  • Total Expenses: 9720.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • Tax Census Tract: 6011.00
  • Tax Lot: 28
  • Tax Tract Number: 550
  • TaxOtherAnnualAssessmentAmount: 2309.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2025
Closed on
Oct 22, 2025
Sold by
Bought by
Seller's Agent
Diane Divinity
KELLER WILLIAMS PREMIER PROPERTIES
Buyer's Agent
Diane Divinity
KELLER WILLIAMS PREMIER PROPERTIES
List Price
$1,299,000
Sold Price
$1,625,000
Premium/Discount to List
$326,000
25.1%
Views
9

Purchase Details

Listed on
Sep 1, 2025
Closed on
Sep 19, 2025
Sold by
Bought by
Seller's Agent
Diane Divinity
KELLER WILLIAMS PREMIER PROPERTIES
Buyer's Agent
Diane Divinity
KELLER WILLIAMS PREMIER PROPERTIES
List Price
$1,299,000
Sold Price
$1,625,000
Premium/Discount to List
$326,000
25.1%
Views
9

Purchase Details

Closed on
Aug 21, 2025
Sold by
Bought by

Purchase Details

Closed on
May 27, 2025
Sold by
Bought by
Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Lawyers Title
$1,625,000 Premier Properties Escrow
-- None Listed On Document
-- None Listed On Document
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $300,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/05/2025 11/05/25 Sold $1,625,000 +25.1% $213 / Sq Ft
10/03/2025 10/03/25 Pending -- -- --
09/29/2025 09/29/25 For Sale $1,299,000 -20.1% $171 / Sq Ft
09/08/2025 09/08/25 Pending -- -- --
09/04/2025 09/04/25 Off Market $1,625,000 -- --
09/01/2025 09/01/25 For Sale $1,299,000 -- $171 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $10,654 $600,811 $136,723 $464,088
2024 $9,647 $589,032 $134,043 $454,989
2023 $9,550 $577,483 $131,415 $446,068
2022 $9,677 $566,161 $128,839 $437,322
2021 $9,585 $555,061 $126,313 $428,748
2019 $9,087 $540,189 $122,567 $417,622
2018 $8,933 $529,629 $120,164 $409,465
2016 $8,378 $507,537 $115,499 $392,038
2015 $8,296 $499,915 $113,765 $386,150
2014 $8,321 $490,123 $111,537 $378,586
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV25193737

California Regional Multiple Listing Service (CRMLS)
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