PENDING
$305K PRICE DROP
618 W Arbor Vitae St Inglewood, CA 90301
Estimated payment $6,416/month
Total Views
17,078
6
Beds
5
Baths
3,476
Sq Ft
$286
Price per Sq Ft
Highlights
- Corner Lot
- No HOA
- Laundry Room
About This Home
Opportunity to own 5 units in prime location of Inglewood. Close to SoFi and freeways. Property consists of 4, one-bedroom units in one building and 1 two-bedroom unit in another building above the garages. Garages are currently unused by tenants, offering opportunities for extra income through parking or conversion. Buyer to check with city. Property requires repairs and updates, which could allow for value appreciation post-renovation. Property's location within a rapidly developing area, may lead to increased property values over time.
Listing Agent
Marisol Alarcon, Broker Brokerage Phone: 310-200-7961 License #01257782 Listed on: 12/20/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1958
Lot Details
- 6,330 Sq Ft Lot
- Two or More Common Walls
- Corner Lot
Parking
- 5 Car Garage
- Parking Available
- Rear-Facing Garage
- Unassigned Parking
Home Design
- Apartment
Interior Spaces
- 3,476 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 6 Bedrooms
- 5 Bathrooms
Location
- Urban Location
Listing and Financial Details
- Tax Lot 77
- Tax Tract Number 7560
- Assessor Parcel Number 4023004006
- $1,460 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 5 Units
Building Details
- 5 Leased Units
- Rent Control
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $900
- Insurance Expense $7,241
- Professional Management Expense $3,360
- Trash Expense $4,550
- Water Sewer Expense $3,379
- Operating Expense $18,530
- Gross Income $67,356
- Net Operating Income $48,826
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/23/2025 06/23/25 | Pending | -- | -- | -- |
| 05/22/2025 05/22/25 | For Sale | $995,000 | 0.0% | $286 / Sq Ft |
| 05/15/2025 05/15/25 | Off Market | $995,000 | -- | -- |
| 05/13/2025 05/13/25 | Price Changed | $995,000 | -9.5% | $286 / Sq Ft |
| 04/08/2025 04/08/25 | Price Changed | $1,100,000 | -4.3% | $316 / Sq Ft |
| 03/14/2025 03/14/25 | Price Changed | $1,150,000 | -4.2% | $331 / Sq Ft |
| 02/17/2025 02/17/25 | Price Changed | $1,199,900 | -4.0% | $345 / Sq Ft |
| 01/29/2025 01/29/25 | Price Changed | $1,250,000 | -3.8% | $360 / Sq Ft |
| 12/20/2024 12/20/24 | For Sale | $1,300,000 | -- | $374 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Similar Homes in Inglewood, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB24252734
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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