$3,230,000
SOLD JAN 3, 2025

530 Venice Way Inglewood, CA 90302

North Inglewood Neighborhood
25 Beds
14 Baths
10,487 Sq Ft
0.35 Acres

Recently Sold

$308 Per Sq Ft

2% Below List Price

33 Days on Market

Highlights

  • City View
  • Midcentury Modern Architecture
  • North Facing Home
  • 0.35 Acre Lot

About This Home

As of January 2025

The subject property was built in 1959 and consists of (2) Studio / 1 Bath, (11) 2 Bed / 1 Bath, and (1) 3 Bed / 2 Bath. This is an excellent cash flow opportunity listed at a 7.19% cap rate and 9.68 grm while still offering upside potential. The building is spread out over 10,487 square feet of gross leasable area and sits on a large 15,138 square foot lot that is zoned INR3YY. The property is very well located in northwest Inglewood, just a short distance to Sofi Stadium, the Intuit Dome, and the Hollywood Park Casino development. The Fox Hills mall is located just to the north providing tenants in this area with plenty of shops, dining, and entertainment.

Last Agent to Sell the Property

Will James

Lyon Stahl Investment Real Estate, Inc. License #01734419 Listed on: 08/07/2024

Lyon Stahl Investment Real Estate, Inc.

Co-Listed By

Peter James

Lyon Stahl Investment Real Estate, Inc. License #01748556

Last Buyer's Agent

Cameron Samimi

Lyon Stahl Investment Real Estate, Inc. License #02035763

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959 | Remodeled

Lot Details

  • 0.35 Acre Lot
  • North Facing Home
  • Irregular Lot
  • Flag Lot

Home Design

  • Midcentury Modern Architecture
  • Split Level Home
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 10,487 Sq Ft Home
  • 2-Story Property
  • City Views
  • Leased Washer and Dryer

Bedrooms and Bathrooms

  • 25 Bedrooms
  • 14 Bathrooms

Home Security

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

Parking

  • 12 Parking Spaces
  • Carport

Location

  • City Lot

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window
  • Gas Water Heater

Community Details

  • 14 Units
  • Vacancy Allowance $10,260

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for water, gardener
  • Assessor Parcel Number 4017-025-031

Property Details

Home Type

Multi-Family

Year Built

Built in 1959 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Mid-Century
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: No
  • Entry Location: Ground Level w/steps
  • Living Area: 10487
  • Lot Acreage: 0.3476
  • Price Per Unit: 235714.00
  • Probate: No
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Year Built: 1959
  • Number Of Photos: 13
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 25
  • Common Walls: Attached
  • Laundry Equipment: Lease
  • Total Bathrooms: 14.00
  • Price Per S Q F T: 314.68

Exterior Features

  • Direction Faces: North
  • Construction: Stucco
  • Other Structures: None
  • Tennis Court Y/N: No
  • Pool: No
  • Roof: Composition, Shingle
  • Spa Yn: No
  • View: City
  • View: Yes

Garage/Parking

  • Parking Garage: Carport
  • Total Parking: 12

Utilities

  • Water Heater: Gas
  • Cooling: Wall/Window
  • Heating: Wall
  • Security: Smoke Detector, Carbon Monoxide Detector(s), Exterior Security Lights
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 43.75
  • Assessed Improvement Value: 828523
  • Assessed Land Percent: 56.25
  • Assessed Land Value: 1065245
  • Total Assessed Value: 1893768
  • Assessor Parcel Number: 4017-025-031
  • Lot Description: Lot Shape-Flag, Lot Shape-Irregular, Single Lot
  • Lot Location: City
  • Lot Size Area: 15143

Rental Info

  • Owner Pays: Water, Gardener
  • Tenant Pays: Gas, Electricity

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 9.54
  • Number Of Units: 14
  • Total Annual Expense: 100020
  • Type Of Units: apt
  • Vacancy Allow: 10260
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: 3%

Similar Home in Inglewood, CA

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    $2,999,000

    • 4 Beds
    • 3 Baths
    • 6,050 Sq Ft
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    • Inglewood, CA

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    Edmond Wu LANDMARK LENDING REALTY

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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

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Map

Source: The MLS

MLS Number: 24-424373

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 $3,230,000, approximately $308 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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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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