NOT LISTED FOR SALE

554 E Brett St Unit A-D Inglewood, CA 90302

North Inglewood Neighborhood

Estimated Value: $1,553,000

3 Beds
5 Baths
2,406 Sq Ft
$645/Sq Ft Est. Value

Last Sold September 19, 2018

Last sale price $900,000 $374 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $9,331/month

63 Days on Market

About This Home

As of September 2018

Seller Motivated! Call and submit offer now! Price just lowered. Property will not last long. NO RENT CONTROL!!! Do not disturb tenants. Bread and Butter units. Significant upside potential. All 5 units currently occupied. 2 bed and 1 bed units will be delivered vacant at close of escrow. Community laundry room. Subject located in the exponentially growing Fairview Heights neighborhood of No. Inglewood, near the currently under construction Inglewood Football Stadium, LAX, Light Rail Line, Downtown Los Angeles, Beaches, USC, and most neighborhood services. Notice of rent increases has been delivered to tenants. Property is offered "as-is" with no representations, repairs or warranties issued by the seller. Buyer to satisfy themselves as to any details, condition, square footage, permits, plans, approvals, etc. Submit your offer and let's go to escrow!! Seller is seasoned real estate professional & will entertain offers from serious buyers only. Seller will cooperate with 1031 exchange

Last Agent to Sell the Property

Byron Williams

Belmar Estates Realtors License #01251102 Listed on: 05/08/2018

Last Buyer's Agent

Julia Shi

Real Property Management Choice License #01403895

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,421

Year Built

  • Built in 1941

Lot Details

  • 7,513

Parking

  • 2 Car Garage
  • Driveway

Interior Spaces

  • 2,406 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 5 Bathrooms

Additional Features

  • 7,513 Sq Ft Lot
  • Forced Air Heating System

Community Details

  • 2 Buildings
  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 4014-028-016

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,421

Year Built

Built in 1941

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 2406
  • Probate: No
  • Stories: 2
  • Year Built: 1941
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 3
  • Total Bathrooms: 5.00
  • Price Per S Q F T: 401.08

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking: 2
  • Garage Structures: 1
  • Parking Garage: Driveway, Garage - 2 Car
  • Total Parking: 4

Utilities

  • Heating: Forced Air

Lot Info

  • Assessed Improvement Value: 100096
  • Assessed Land Value: 400395
  • Assessor Parcel Number: 4014-028-016
  • Geocode Override: No
  • Lot Size Area: 7513

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 15.10
  • Number Of Units: 5
  • Rent Control: 0
  • Type Of Units: 5-unit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 11, 2018
Sold by
Lending Key Inc
Bought by
Zhang Yujie and The Wz Family Trust
Current Estimated Value
$1,553,000

Purchase Details

Closed on
Aug 2, 2017
Sold by
Lending Key Inc
Bought by
Lending Key Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
3.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 3, 2009
Sold by
Williams Byron B
Bought by
Lending Key Inc

Purchase Details

Closed on
Mar 19, 2009
Sold by
Bradshaw Kelly
Bought by
Williams Byron B

Purchase Details

Closed on
Oct 6, 2008
Sold by
Williams Byron B
Bought by
Bradshaw Kelly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$465,000
Interest Rate
6.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 17, 2006
Sold by
Williams Jacqueline C
Bought by
Williams Byron B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Interest Rate
3.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 16, 2003
Sold by
Williams Byron B
Bought by
Williams Byron Blair and Williams Jacqueline C

Purchase Details

Closed on
Aug 25, 2000
Sold by
Rivers Ernestine
Bought by
Sims John H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,250
Interest Rate
9.75%
Mortgage Type
Commercial

Purchase Details

Closed on
May 22, 2000
Sold by
Dagne Ayele
Bought by
Rivers Ernestine
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Zhang Yujie $900,000 Lawyers Title
Lending Key Inc -- Fidelity
Lending Key Inc -- None Available
Williams Byron B -- None Available
Bradshaw Kelly $620,000 Landsafe Title
Williams Byron B -- Landsafe Title
Williams Byron B -- None Available
Williams Byron Blair -- --
Sims John H $255,000 American Title Co
Rivers Ernestine -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lending Key Inc $160,000
Previous Owner Bradshaw Kelly $465,000
Previous Owner Williams Byron B $330,000
Previous Owner Sims John H $242,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/19/2018 09/19/18 Sold $900,000 -6.7% $374 / Sq Ft
09/10/2018 09/10/18 For Sale $965,000 +7.2% $401 / Sq Ft
09/10/2018 09/10/18 Off Market $900,000 -- --
09/06/2018 09/06/18 For Sale $965,000 +7.2% $401 / Sq Ft
08/30/2018 08/30/18 Off Market $900,000 -- --
08/21/2018 08/21/18 For Sale $965,000 +7.2% $401 / Sq Ft
08/11/2018 08/11/18 Off Market $900,000 -- --
05/29/2018 05/29/18 Price Changed $965,000 -10.2% $401 / Sq Ft
05/08/2018 05/08/18 For Sale $1,075,000 -- $447 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

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 $14,421 $1,003,963 $803,171 $200,792
2024 $14,421 $984,278 $787,423 $196,855
2023 $14,261 $964,980 $771,984 $192,996
2022 $14,485 $946,060 $756,848 $189,212
2021 $14,356 $927,510 $742,008 $185,502
2020 $13,780 $918,260 $734,400 $183,860
2019 $13,551 $900,260 $720,000 $180,260
2018 $8,677 $510,759 $408,402 $102,357
2017 $8,394 $500,491 $400,395 $100,096
2016 $8,145 $490,679 $392,545 $98,134
2015 $8,053 $483,309 $386,649 $96,660
2014 $8,037 $473,843 $379,076 $94,767
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2018

    Byron Williams

    Belmar Estates Realtors

    (310) 366-9306

    15 Total Sales

    Byron Williams
    Section Image
  • Julia Shi

    Buyer's Agent in 2018

    Julia Shi

    Real Property Management Choice

    (310) 984-9518

    4 Total Sales

    Julia Shi
    Section Image
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Map

Source: The MLS

MLS Number: 18-342082

The MLS

APN: 4014-028-016

California Los Angeles County Inglewood 90302 North Inglewood

554 E Brett St Unit A-D, Inglewood, CA

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