NOT LISTED FOR SALE

Estimated Value: $936,000 - $1,404,923

2 Beds
3 Baths
1,294 Sq Ft
$932/Sq Ft Est. Value

Sale Details

Date Sold: August 31, 2023

Last sale price $1,235,000 $954 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $8,025 / mo

72 Days on Market

Highlights

  • Home Theater
  • Updated Kitchen
  • Wood Flooring
  • Primary Bedroom Suite
  • Property is near public transit
  • Main Floor Bedroom

About This Home

As of August 2023

ATTENTION INVESTORS, OWNER USERS, DEVELOPERS! We proudly present a single-family, investment property at 627 Hill St. in prime North Inglewood, California, two miles north of the excitement of SoFi Stadium and Hollywood Park. Rarely does an opportunity like this come on the market, move-in ready for an owner user who can later develop multiple units on an expansive, R3-zoned, 11,404sf lot and or for an investor capitalizing on high rents commanded by an ideal investment. This 2-bedroom plus den, 3-full bath home has 3 separate entrances, currently utilized as a 3-unit investment property through Airbnb long-term leasing. The current owner fully renovated the property in 2021 and has spent considerable time and resources to position it for maximum profitability on Airbnb and other rental platforms, optimizing operations to ensure high consumer satisfaction, positive reviews, and return leasing. A new investor won’t need to create a business plan. The investment opportunity suits both short-term and long-term capital deployment. Actual gross income for long term monthly leasing is about $96,000/year with a 5.83% CAP rate based on new tax!



Inglewood is 5 miles east of LAX, 10 miles southwest of Downtown LA, and is home to SoFi Stadium, an entertainment and sports destination that is home to the Los Angeles Rams and the Los Angeles Chargers. It will host the College Football Championship Game in 2023 and the Opening/Closing Ceremonies of the Olympic Games in 2028. SoFi is the centerpiece of Hollywood Park, a 298-acre mixed-use development featuring retail, commercial office space, a hotel, residential units, and outdoor park spaces. A stadium shuttle from the Metro C Line goes directly to SoFi. Because of these attractions and its central location in metro Los Angeles with its proximity to LAX, beaches, and commerce, the Inglewood real estate market has experienced exponential growth the last few years. There is high demand for homes in Inglewood as investor sentiments for the area remain bullish, forecasting above average appreciation in property values.

Last Agent to Sell the Property

Judy Lin

RubyHome Corporation License #01914120 Listed on: 03/16/2023

Co-Listed By

Debbie Efthimos

Compass License #02140981

Last Buyer's Agent

Yasmina Vahali

Rodeo Realty- Brentwood License #02193322

Rodeo Realty- Brentwood

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 Details

Home Type

  • Single Family

Year Built

  • Built in 1951 | Remodeled

Lot Details

  • 11,404 Sq Ft Lot
  • Private Yard
  • Lawn
  • Back and Front Yard
  • Value in Land
  • Property is zoned INR3YY

Parking

  • 1 Car Attached Garage
  • Parking Available
  • Driveway

Home Design

  • Turnkey
  • Additions or Alterations

Interior Spaces

  • 1,294 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Furnished
  • Built-In Features
  • Recessed Lighting
  • Double Pane Windows
  • Drapes & Rods
  • Bay Window
  • Sliding Doors
  • Entryway
  • Living Room
  • Home Theater
  • Home Office
  • Bonus Room
  • Neighborhood Views

Kitchen

  • Updated Kitchen
  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Gas Oven
  • Gas Range
  • Microwave
  • Freezer
  • Quartz Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary Bedroom Suite
  • Converted Bedroom
  • Upgraded Bathroom
  • In-Law or Guest Suite
  • Bathroom on Main Level
  • 3 Full Bathrooms
  • Quartz Bathroom Countertops
  • Dual Sinks
  • Bathtub with Shower
  • Exhaust Fan In Bathroom

Laundry

  • Laundry in Garage
  • Dryer
  • Washer

Outdoor Features

  • Covered Patio or Porch
  • Exterior Lighting
  • Shed

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Cable TV Available

Additional Features

  • More Than Two Accessible Exits
  • Property is near public transit

Community Details

  • No Home Owners Association
  • Laundry Facilities

Listing and Financial Details

  • Tax Lot 190
  • Tax Tract Number 652
  • Assessor Parcel Number 4017003004

Home Details

Home Type

Single Family

Year Built

Built in 1951 | Remodeled

Lot Details

0.26 Acres

Parking

1

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Zoning: INR3YY
  • Property Condition: Additions/Alterations, Turnkey, Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 4017003004
  • Year Built: 1951
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1294.00 Square Feet
  • Interior Amenities: Built-in Features, Furnished, In-Law Floorplan, Quartz Counters, Recessed Lighting, Wet Bar
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Tile, Wood
  • Accessibility Features: 2+ Access Exits
  • Appliances: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 2
  • Door Features: Sliding Doors
  • Eating Area: Area, Breakfast Nook
  • Levels: One
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 954.40
  • Room Type: All Bedrooms Down, Bonus Room, Converted Bedroom, Den, Entry, Kitchen, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Master Bedroom, Master Suite, Media Room, Office
  • Window Features: Bay Window(s), Double Pane Windows, Drapes
  • Bathroom Features: Bathtub, Shower In Tub, Double Sinks In Bath(s), Exhaust Fan(s), Main Floor Full Bath, Quartz Counters, Upgraded
  • Room Kitchen Features: Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • Other Structures: Shed(s)
  • View: Neighborhood
  • Patio And Porch Features: Covered, Slab
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Driveway, Garage
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Freezer, Disposal, Gas & Electric Range, Gas Oven, Gas Range, Microwave, Refrigerator
  • Electric: Standard
  • Heating Type: Central
  • Laundry Features: Dryer Included, Electric Dryer Hookup, In Garage, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Lawn, Lot 10000-19999 Sqft, Near Public Transit, Value In Land, Yard
  • Lot Size Sq Ft: 11404.00
  • Lot Size Acres: 0.2618

Multi Family

  • Lease Considered: No
  • Lot Size Area: 11404.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 6013.02
  • Tax Lot: 190
  • Tax Tract Number: 652

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 15, 2023
Sold by
Bought by
Current Estimated Value
$1,205,981

Purchase Details

Closed on
Jan 4, 2022
Sold by
Bought by

Purchase Details

Listed on
Jul 20, 2021
Closed on
Aug 17, 2021
Sold by
Bought by
Seller's Agent
Todd Miller
KW Westside Estates
Buyer's Agent
Judy Lin Young
RubyHome Corporation
List Price
$1,095,000
Sold Price
$1,100,000
Premium/Discount to List
$5,000
0.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.88%
Original Mortgage
$800,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 17, 2019
Closed on
Dec 27, 2019
Sold by
Bought by
Seller's Agent
Sandy Minitello
RE/MAX One
List Price
$950,000
Sold Price
$904,000
Premium/Discount to List
-$46,000
-4.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.14%
Original Mortgage
$723,200
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 12, 2010
Sold by
Bought by

Purchase Details

Closed on
Sep 21, 1993
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in North Inglewood, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,235,000 Chicago Title Company
-- None Listed On Document
$1,100,000 Fidelity National Title
$904,000 Fidelity National Title Co
-- None Available
-- Old Republic Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $800,000
Previous Owner $723,200
Previous Owner $28,000
Previous Owner $99,900
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/31/2023 08/31/23 Sold $1,235,000 +7.4% $954 / Sq Ft
05/27/2023 05/27/23 Pending -- -- --
03/16/2023 03/16/23 For Sale $1,150,000 +4.5% $889 / Sq Ft
08/25/2021 08/25/21 Sold $1,100,000 +0.5% $850 / Sq Ft View Prior Sale
08/17/2021 08/17/21 Pending -- -- --
08/07/2021 08/07/21 For Sale $1,095,000 0.0% $846 / Sq Ft
08/02/2021 08/02/21 Pending -- -- --
07/20/2021 07/20/21 For Sale $1,095,000 +21.1% $846 / Sq Ft
01/22/2020 01/22/20 Sold $904,000 0.0% $699 / Sq Ft View Prior Sale
01/22/2020 01/22/20 Sold $904,000 -4.8% $699 / Sq Ft View Prior Sale
12/03/2019 12/03/19 Pending -- -- --
12/03/2019 12/03/19 Pending -- -- --
09/17/2019 09/17/19 For Sale $950,000 -10.4% $734 / Sq Ft
08/21/2019 08/21/19 For Sale $1,060,000 -- $819 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $16,769 $1,259,700 $1,007,760 $251,940
2024 $15,816 $1,235,000 $988,000 $247,000
2023 $14,539 $1,122,000 $897,600 $224,400
2022 $14,833 $1,100,000 $880,000 $220,000
2021 $13,430 $913,365 $730,692 $182,673
2020 $1,851 $113,947 $32,473 $81,474
2019 $1,822 $111,714 $31,837 $79,877
2018 $1,786 $109,524 $31,213 $78,311
2016 $1,687 $105,272 $30,001 $75,271
2015 $1,670 $103,692 $29,551 $74,141
2014 $1,676 $101,662 $28,973 $72,689
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PF23043121

California Regional Multiple Listing Service (CRMLS)

APN: 4017-003-004

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