NOT LISTED FOR SALE

624 E Arbor Vitae St Inglewood, CA 90301

Estimated Value: $1,305,000 - $1,822,000

9 Beds
8 Baths
5,826 Sq Ft
$271/Sq Ft Est. Value

Last Sold September 29, 2020

Last sale price $2,300,000 $395 Per Sq Ft

Est. 31% decrease in value since last sale

Current estimated payment $9,632/month

16 Days on Market

About This Home

As of September 2020

624-626 Arbor Vitae St are two adjacent lots totaling 21,091 square feet that consist of a 4-unit building, a triplex (teardown), duplex, and a SFR (10-units in total). Both parcels are zoned RM (Residential & Medical) and are located approximately 240 yards to the entrance of the new $5B Sofi Stadium and Hollywood Park Entertainment Complex. The nearly completed development will feature 1.5 million sq. ft. of retail and office, 2,500 residences, a hotel, and a 20-acre park. RM zoning allows for the development an office/medical or mixed-sue residential building up to 6 stories or R3 zoning. Given the property’s incredible location, this is an excellent development or value-add investment opportunity with immediate upside potential. See enclosed supplements for marketing package and rent roll.

Last Agent to Sell the Property

Woody Stahl

Lyon Stahl Investment Real Est License #01399621 Listed on: 05/11/2020

Lyon Stahl Investment Real Est

Co-Listed By

Brett Lyon

Lyon Stahl Investment Real Estate, Inc. License #01717818

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,380

Year Built

  • Built in 1913

Lot Details

  • 0.48 Acre Lot
  • Two or More Common Walls
  • Wooded Lot
  • 4024010004

Parking

  • 6 Car Garage

Home Design

  • 5,826 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 3
  • Assessor Parcel Number 4024010005

Community Details

Overview

  • 4 Buildings
  • 10 Units

Building Details

  • Rent Control
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,380

Year Built

Built in 1913

Lot Details

0

Parking

6

Listing Details

  • Property Attached: Yes
  • Zoning: INRM*
  • Property Type: Residential Income
  • Parcel Number: 4024010005
  • Year Built: 1913
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 394.78

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Additional Parcels Description: 4024010004
  • Lot Features: Lot 20000-39999 Sqft, Treed Lot
  • Lot Size Sq Ft: 21091.00
  • Lot Size Acres: 0.4842

Multi Family

  • Lot Size Area: 21091.0000 Square Feet
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 10
  • Rent Control: Yes

Tax Info

  • Tax Census Tract: 6011.00
  • Tax Lot: 3
  • Tax Tract Number: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 1, 2020
Sold by
Kepford Hazel M and The Hazel M Kepford Revocable
Bought by
Arbor Vitae Properties Llc
Current Estimated Value
$1,576,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,125,000
Interest Rate
2.9%
Mortgage Type
Construction

Purchase Details

Closed on
Jun 24, 2011
Sold by
Kepford Hazel M
Bought by
Kepford Hazel M and Hazel M Kepford Revocable Trus
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Arbor Vitae Properties Llc $2,250,000 First American Title Company
Kepford Hazel M -- None Available
Kepford Hazel M -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Arbor Vitae Properties Llc $1,125,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/29/2020 09/29/20 Sold $2,300,000 -4.2% $395 / Sq Ft
05/27/2020 05/27/20 Pending -- -- --
05/11/2020 05/11/20 For Sale $2,400,000 -- $412 / 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 $16,380 $1,217,734 $784,762 $432,972
2024 $16,380 $1,193,858 $769,375 $424,483
2023 $16,214 $1,170,450 $754,290 $416,160
2022 $16,513 $1,147,500 $739,500 $408,000
2021 $16,375 $1,125,000 $725,000 $400,000
2020 $2,662 $93,826 $62,965 $30,861
2019 $2,632 $91,995 $61,731 $30,264
2018 $2,414 $90,200 $60,521 $29,679
2016 $2,176 $86,315 $58,172 $28,143
2015 $2,155 $85,020 $57,299 $27,721
2014 $2,174 $83,355 $56,177 $27,178
Source: Public Records

Agents Affiliated with this Home

  • Woody Stahl

    Seller's Agent in 2020

    Woody Stahl

    Lyon Stahl Investment Real Est

    (310) 710-3829

    156 Total Sales

    Woody Stahl
    Section Image
  • Brett Lyon

    Seller Co-Listing Agent in 2020

    Brett Lyon

    Lyon Stahl Investment Real Estate, Inc.

    (310) 780-1899

    147 Total Sales

    Brett Lyon
    Section Image

  • N

    Buyer's Agent in 2020

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    6,090 Total Sales

    NoEmail NoEmail
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB20085755

California Regional Multiple Listing Service (CRMLS)

APN: 4024-010-005

California Los Angeles County Inglewood 90301

624 E Arbor Vitae St, Inglewood, CA

Not Listed for Sale

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