NOT LISTED FOR SALE

617 E 97th St Inglewood, CA 90301

5 Beds
4 Baths
19,014 Sq Ft
0.41 Acres Lot

Sale Details

Date Sold: December 30, 2015

Last sale price $3,970,000 $209 Per Sq Ft

87 Days on Market

About This Home

As of December 2015

Chateau Casino Royale I is a 44 unit multifamily building built in 1968. Less than five miles east of LAX and about 11 miles southwest of Downtown Los Angeles, Inglewood has a prime location near the coast with convenience to several beaches and parks. Inglewood is surrounded by four major freeways – Interstates 405, 105, 110, and 10, allowing for simple travels and commutes. Aside from its convenient location, Inglewood has plenty to offer residents and visitors. The Forum, designed by the same architect as Madison Square Garden in New York, hosts a variety of major concerts and events on a regular basis. The Los Angeles Stadium at Hollywood Park is under construction in Inglewood and set to house the Los Angeles Rams and the Los Angeles Chargers.

Last Agent to Sell the Property

Doug Rodermund

Morgan Skenderian License #01314304 Listed on: 08/18/2015

Last Buyer's Agent

General NONMEMBER

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1988

Lot Details

  • 17,860 Sq Ft Lot
  • 1 Common Wall
  • Density is 16-20 Units/Acre

Home Design

  • 19,014 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Parking

  • 36 Parking Spaces
  • Subterranean Parking
  • Parking Available

Listing and Financial Details

  • Tax Lot 21
  • Tax Tract Number 550
  • Assessor Parcel Number 4024042035

Community Details

Overview

  • 18 Units

Building Details

  • 19 Separate Electric Meters
  • 19 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $2,634
  • Maintenance Expense $18,450
  • Other Expense $1,000
  • Pest Control $600
  • Professional Management Expense $5,400
  • Trash Expense $12,266
  • Water Sewer Expense $12,267
  • New Taxes Expense $58,441
  • Gross Income $25,625
  • Net Operating Income $186,017

Property Details

Home Type

Multi-Family

Year Built

Built in 1988

Lot Details

0.41 Acres

Listing Details

  • CapRate: 4.40
  • Professional Management Expense: 5400.00
  • Property Attached: Yes
  • Water Sewer Expenses: 12267.00
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 4024042035
  • Year Built: 1988
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 208.79

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Subterranean
  • Total Parking Spaces: 36.00

Utilities

  • Utilities: Sewer Available
  • Pest Control Expense: 600.00
  • Trash Expense: 12266.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: 16-20 Units/Acre
  • Lot Size Sq Ft: 17860.00
  • Price Per Lot Square Foot: 222.28
  • Lot Size Acres: 0.4100

Multi Family

  • Gross Income: 25625.00
  • Gross Multiplier: 13.66
  • Gross Scheduled Income: 307500.00
  • Insurance Expense: 2634.00
  • Lot Size Area: 0.4100 Acres
  • Maintenance Expense: 18450.00
  • Net Operating Income: 186017.00
  • Number Of Separate Electric Meters: 19
  • Number Of Separate Gas Meters: 19
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 18
  • Operating Expense: 112258.00
  • Operating Expense Percent: 36.50
  • Other Expense: 1000.00
  • Other Expense Description: Admin
  • Rent Control: No
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 58441.00
  • Tax Lot: 21
  • Tax Tract Number: 550
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Property History

Date Event Price List to Sale Price per Sq Ft
05/04/2026 05/04/26 Off Market -- -- --
11/26/2025 11/26/25 For Rent -- -- --
03/05/2025 03/05/25 Off Market -- -- --
11/07/2024 11/07/24 For Rent -- -- --
12/30/2015 12/30/15 Sold $3,970,000 -5.5% $209 / Sq Ft
11/13/2015 11/13/15 Pending -- -- --
08/18/2015 08/18/15 For Sale $4,200,000 -- $221 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $61,510 $5,875,000 $4,400,000 $1,475,000
2024 $61,510 $4,607,520 $3,446,937 $1,160,583
2023 $60,850 $4,517,177 $3,379,350 $1,137,827
2022 $61,990 $4,428,606 $3,313,089 $1,115,517
2021 $61,404 $4,341,772 $3,248,127 $1,093,645
2019 $57,329 $4,212,995 $3,151,787 $1,061,208
2018 $57,276 $4,130,388 $3,089,988 $1,040,400
2016 $54,156 $3,970,000 $2,970,000 $1,000,000
2015 $25,624 $1,745,448 $607,217 $1,138,231
2014 $25,645 $1,711,258 $595,323 $1,115,935
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15182709

California Regional Multiple Listing Service (CRMLS)
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