$615,000
SOLD MAY 14, 2018

609 Walnut St Inglewood, CA 90301

5 Beds
3 Baths
2,142 Sq Ft
9,607 Sq Ft Lot

Recently Sold

$287 Per Sq Ft

11% Above List Price

10 Days on Market

About This Home

As of May 2018

Fixer duplex opportunity just a few minutes West of the new Rams stadium. 9,606 sq ft lot Zoned R3YY runs street to alley - potential to build units. Front unit 2 bed 1 bath 850 sq ft 1909 delivered vacant at the close of escrow. Unit is in total disrepair and needs extensive work. Back unit 1,292 sq ft 3 bed 2 bath built 1941. Do not disturb back tenants. Exciting potential to renovate front unit and own/manage as duplex or develop multiple units.

Last Agent to Sell the Property

John Chelius

Property Works RE, Inc. License #01936287 Listed on: 04/09/2018

Last Buyer's Agent

John Chelius

Property Works RE, Inc. License #01936287 Listed on: 04/09/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,156

Year Built

  • Built in 1909

Lot Details

  • 9,607 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 1 Open Parking Space
  • 2 Car Garage

Home Design

  • 2,142 Sq Ft Home
  • Duplex

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Additional Features

  • Laundry Room
  • Urban Location
  • Septic Type Unknown

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 3
  • Tax Tract Number 2
  • Assessor Parcel Number 4022026005

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,156

Year Built

Built in 1909

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Zoning: INR3YY
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 4022026005
  • Year Built: 1909
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 287.11

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 1.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Unknown

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 9607.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 850 Square Feet
  • Average3 Bed Area: 1292 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Census Tract: 6012.12
  • Tax Lot: 3
  • Tax Tract Number: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 19, 2019
Sold by
Michel Joseph
Bought by
609 Walnut St Llc
Current Estimated Value
$961,002

Purchase Details

Listed on
Nov 12, 2018
Closed on
Nov 5, 2018
Sold by
609 Wainut St Llc
Bought by
Michel Joseph
Seller's Agent
Anton Smirnov
Sotheby's International Realty
Buyer's Agent
Anton Smirnov
Sotheby's International Realty
Sold Price
$2,950

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$475,000
Interest Rate
4.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 9, 2018
Closed on
May 3, 2018
Sold by
Sfr 2012 I Us West Llc
Bought by
609 Walnut St Llc
Seller's Agent
John Chelius
Property Works RE, Inc.
Buyer's Agent
John Chelius
Property Works RE, Inc.
List Price
$552,000
Sold Price
$615,000
Premium/Discount to List
$63,000
11.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.90%
Original Mortgage
$61,500
Interest Rate
4.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 20, 2012
Sold by
Federal National Mortgage Association
Bought by
Sfr 2012 1 Us West Llc

Purchase Details

Closed on
Oct 20, 2011
Sold by
Mora Ruben
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Feb 12, 2007
Sold by
Mora Ruben
Bought by
Mora Ruben and Mora Maria I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
6.21%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 1, 2006
Sold by
Mora Ruben
Bought by
Mora Ruben and Mora Maria I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
6.18%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 9, 2002
Sold by
Bennett M Melquiades
Bought by
Mora Ruben and Mora Maria I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
6.78%
Source: Public Records

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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

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- Commonwealth Land Title
Quit Claim Deed -- Lawyers Title La
Grant Deed $615,000 Fidelity Sherman Oaks
Grant Deed -- Accommodation
Trustee Deed $257,200 None Available
Interfamily Deed Transfer -- Accommodation
Interfamily Deed Transfer -- Chicago Title
Interfamily Deed Transfer -- Chicago Title Co
Interfamily Deed Transfer -- Chicago Title Co
Grant Deed $245,000 Fidelity National Title Co
Interfamily Deed Transfer -- Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $512,000 Construction
Previous Owner $475,000 New Conventional
Previous Owner $61,500 Commercial
Previous Owner $399,000 Commercial
Previous Owner $315,000 New Conventional
Previous Owner $285,000 New Conventional
Previous Owner $256,000 Unknown
Previous Owner $245,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2018 12/17/18 Rented $2,950 0.0% --
11/12/2018 11/12/18 For Rent $2,950 0.0% --
05/14/2018 05/14/18 Sold $615,000 0.0% $287 / Sq Ft
04/19/2018 04/19/18 Pending -- -- --
04/14/2018 04/14/18 Off Market $615,000 -- --
04/09/2018 04/09/18 For Sale $552,000 -- $258 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $9,156 $699,760 $524,821 $174,939
2024 $9,156 $686,040 $514,531 $171,509
2023 $9,063 $672,590 $504,443 $168,147
2022 $9,240 $659,402 $494,552 $164,850
2021 $9,150 $646,473 $484,855 $161,618
2020 $8,741 $639,845 $479,884 $159,961
2019 $8,598 $627,300 $470,475 $156,825
2018 $6,010 $422,078 $140,692 $281,386
2016 $5,687 $405,690 $135,230 $270,460
2015 $5,637 $399,597 $133,199 $266,398
2014 $5,637 $391,770 $130,590 $261,180
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18080152

California Regional Multiple Listing Service (CRMLS)

APN: 4022-026-005