$1,600,000
SOLD MAY 30, 2013

530 Venice Way Inglewood, CA 90302

North Inglewood Neighborhood
-- Bed
-- Bath
9,991 Sq Ft
0.35 Acres

Recently Sold

$160 Per Sq Ft

6% Below List Price

182 Days on Market

About This Home

As of January 2025

NON-RENT CONTROLLED. This building is located in a highly desirable northwest Inglewood neighborhood. The windows have been recently upgraded. The building has an outstanding unit mix of (11) 2-Bedrooms and (1) 3-Bedroom. This is a current cap rate of 6.76% with stable rents and upside. The passive investor can easily achieve over 10% cash-on-cash return.

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 1959

Lot Details

  • 0.35 Acre Lot

Interior Spaces

  • 9,991 Sq Ft Home
  • 2-Story Property

Parking

  • 12 Parking Spaces
  • 12 Covered Spaces

Community Details

  • 12 Units

Listing and Financial Details

  • Assessor Parcel Number 4017-025-031

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 9991
  • Stories: 2
  • Year Built: 1959
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dining Room: 0
  • Family Room: 0
  • Den: 0
  • Price Per S Q F T: 170.15

Exterior Features

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

Garage/Parking

  • Covered Parking: 12
  • Total Parking: 12

Fee Information

  • Insurance Expense: 1725.00
  • Maintenance Expense: 11052.00
  • Management Expense: 8805.00
  • Trash Expense: 1800.00

Lot Info

  • Assessor Parcel Number: 4017-025-031
  • Lot Size Area: 15138

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 9.23
  • Number Of Units: 12
  • Total Annual Expense: 61142
  • Type Of Units: apartment
  • Vacancy Rate: 5

Tax Info

  • Tax Expense: 22100.00

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Range of Values:

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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 Change Sq Ft Price
05/02/2025 05/02/25 Price Changed $2,100 0.0% $2 / Sq Ft
05/01/2025 05/01/25 For Rent $2,100 0.0% --
01/03/2025 01/03/25 Sold $3,230,000 -2.1% $308 / Sq Ft
09/09/2024 09/09/24 Pending -- -- --
08/07/2024 08/07/24 For Sale $3,300,000 +106.3% $315 / Sq Ft
05/30/2013 05/30/13 Sold $1,600,000 -5.9% $160 / Sq Ft
02/11/2013 02/11/13 Pending -- -- --
08/13/2012 08/13/12 For Sale $1,700,000 -- $170 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Will James

    Seller's Agent in 2025

    Will James

    Lyon Stahl Investment Real Estate, Inc.

    (310) 600-9858

    1 in this area

    30 Total Sales

    Will James
    Section Image
  • Peter James

    Seller Co-Listing Agent in 2025

    Peter James

    Lyon Stahl Investment Real Estate, Inc.

    (310) 467-7581

    1 in this area

    16 Total Sales

    Peter James
    Section Image
  • Cameron Samimi

    Buyer's Agent in 2025

    Cameron Samimi

    Lyon Stahl Investment Real Estate, Inc.

    (310) 259-7556

    3 in this area

    181 Total Sales

    Cameron Samimi
    Section Image
  • Jonathan Nikfarjam

    Seller's Agent in 2013

    Jonathan Nikfarjam

    Shield CRE, Inc.

    (310) 880-6807

    4 in this area

    72 Total Sales

    Jonathan Nikfarjam
    Section Image

  • S

    Buyer's Agent in 2013

    Subscriber Non

    Non-Participant Office

See All Agents

Map

Source: The MLS

MLS Number: 12-618899

The MLS

California Los Angeles County Inglewood 90302 North Inglewood

530 Venice Way, Inglewood, CA

This home is located at 530 Venice Way, Inglewood, CA 90302 and is currently priced at $1,600,000, approximately $160 per square foot. This property was built in 1959. 530 Venice Way is a home located in Los Angeles County with nearby schools including Highland Elementary School, Parent (Frank D.) Elementary School, and Inglewood High School.

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