$3,230,000
SOLD JAN 3, 2025
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

  • 4900 Lennox Blvd, Inglewood, CA 90304

    $2,999,000

    • 4 Beds
    • 3 Baths
    • 6,050 Sq Ft
    • 4900 Lennox Blvd
    • Inglewood, CA

    Brand new build. Four units in two buildings. Total of 16 beds and 12 baths. 4 beds 3 baths each. Large kitchens with new appliances. HVAC. Hardwood Plank flooding. Four very large tandem garages. Fantastic location. Close to Sofi, Intuit Dome, and Forum.

    Edmond Wu LANDMARK LENDING REALTY

    Section Image

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

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Map

Source: The MLS

MLS Number: 24-424373

The MLS