541 Elm Ave Inglewood, CA 90301
Estimated payment $10,374/month
Highlights
- No HOA
- Park
- Central Heating and Cooling System
- 3 Car Direct Access Garage
- Laundry Room
About This Home
Exceptional Investment Opportunity in Inglewood! This meticulously maintained 4-unit property exemplifies pride of ownership and offers a unique chance for savvy investors. The front house features a spacious 2-bedroom, 1-bath layout complete with an indoor laundry room, complemented by three additional spacious 1-bedroom, 1-bath units situated in the back. A long driveway leads to three individual single-car garages, providing ample parking for tenants. Each unit is individually metered for electricity and gas, ensuring convenience and efficiency, while dual pane windows and central AC and heating offer comfort year-round. Nestled in a highly desirable area, this property is just minutes away from top-rated schools, diverse shopping options, dining hotspots, Sofi Stadium, Hollywood Park, Kia Forum, and LAX. Enjoy nearby recreational areas like Sentinel Field, Ashwood Park, and Simmons Playground. With all four units currently rented, this property boasts a high tenant demand and has the potential to add an ADU for additional income. Don’t miss out on this fantastic opportunity to enhance your real estate portfolio!
Listing Agent
Veronica Navarro Pro Realtors Group Brokerage Phone: 949-287-3210 License #01273942 Listed on: 03/23/2025
Co-Listing Agent
Veronica Navarro Pro Realtors Group Brokerage Phone: 949-287-3210 License #02239830
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $21,253
Year Built
- Built in 1930
Lot Details
- 7,419 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Parking
- 3 Car Direct Access Garage
- 6 Open Parking Spaces
- Parking Available
- Front Facing Garage
- Driveway
Home Design
- Quadruplex
- Entry on the 1st floor
Interior Spaces
- 3,044 Sq Ft Home
- 2-Story Property
- Living Room with Fireplace
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Outdoor Features
- Exterior Lighting
Utilities
- Central Heating and Cooling System
- Natural Gas Connected
Listing and Financial Details
- Tax Lot 28
- Tax Tract Number 6232
- Assessor Parcel Number 4022010014
- $1,021 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 4 Units
Recreation
- Park
Building Details
- 4 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 4 Separate Water Meters
- Insurance Expense $2,500
- Water Sewer Expense $3,600
- Operating Expense $6,100
- Gross Income $95,208
- Net Operating Income $89,108
Map
Home Values in the Area
Average Home Value in this Area
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 | $21,253 | $1,664,640 | $1,248,480 | $416,160 |
| 2024 | $21,253 | $1,632,000 | $1,224,000 | $408,000 |
| 2023 | $9,379 | $668,378 | $532,231 | $136,147 |
| 2022 | $9,553 | $655,274 | $521,796 | $133,478 |
| 2021 | $9,468 | $642,426 | $511,565 | $130,861 |
| 2020 | $9,060 | $635,840 | $506,320 | $129,520 |
| 2019 | $8,913 | $623,374 | $496,393 | $126,981 |
| 2018 | $8,842 | $611,152 | $486,660 | $124,492 |
| 2016 | $8,323 | $587,421 | $467,763 | $119,658 |
| 2015 | $8,247 | $578,598 | $460,737 | $117,861 |
| 2014 | $8,248 | $567,265 | $451,712 | $115,553 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/02/2025 06/02/25 | Price Changed | $1,629,000 | -1.2% | $535 / Sq Ft |
| 03/23/2025 03/23/25 | For Sale | $1,649,000 | +3.1% | $542 / Sq Ft |
| 04/25/2023 04/25/23 | Sold | $1,600,000 | 0.0% | $526 / Sq Ft |
| 03/15/2023 03/15/23 | Pending | -- | -- | -- |
| 01/18/2023 01/18/23 | For Sale | $1,600,000 | -- | $526 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,600,000 | Consumers Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $455,000 | Ntc |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,634,400 | VA | |
| Previous Owner | $121,827 | FHA | |
| Previous Owner | $436,939 | FHA |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: IG25063184
APN: 4022-010-014
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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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