NOT LISTED FOR SALE

629 E Queen St Unit 5 Inglewood, CA 90301

3 Beds
3 Baths
10,611 Sq Ft
10,019 Sq Ft Lot

Last Sold August 17, 2016

Last sale price $2,226,000 $210 Per Sq Ft

38 Days on Market

About This Home

As of August 2016

• Luxury Apartments with Large Floorplans
• Prime Northwest Inglewood Location
• Majority 2 Bedroom / 2 Bath Units
• Substantial Rental Upside
• Private Balconies
• Close Proximity to New Hollywood Park Development & Proposed NFL Stadium

Last Agent to Sell the Property

Peter Gillin

Morgan Skenderian License #01433769 Listed on: 02/19/2016

Co-Listed By

Doug Rodermund

Morgan Skenderian License #01314304

Last Buyer's Agent

General NONMEMBER

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 10,015 Sq Ft Lot
  • 1 Common Wall

Home Design

  • 10,611 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Parking

  • 16 Parking Spaces
  • Parking Available
  • Covered Parking
  • Gated Parking

Listing and Financial Details

  • Legal Lot and Block 19 / 2
  • Tax Tract Number 146
  • Assessor Parcel Number 4021002042

Community Details

Overview

  • 10 Units

Building Details

  • 11 Separate Electric Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,800
  • Insurance Expense $3,183
  • Maintenance Expense $8,932
  • Other Expense $1,000
  • Professional Management Expense $3,000
  • Trash Expense $6,841
  • Water Sewer Expense $6,842
  • New Taxes Expense $26,893
  • Gross Income $12,406
  • Net Operating Income $85,915

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

10,015 Sq Ft Lot

Listing Details

  • CapRate: 4.50
  • Professional Management Expense: 3000.00
  • Property Attached: Yes
  • Water Sewer Expenses: 6842.00
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 4021002042
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 209.78

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Covered, Gated
  • Total Parking Spaces: 16.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 6841.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 10015.00
  • Price Per Lot Square Foot: 222.27
  • Lot Size Acres: 0.2300

Multi Family

  • Gross Income: 12406.00
  • Gross Multiplier: 12.86
  • Gross Scheduled Income: 148872.00
  • Insurance Expense: 3183.00
  • Lot Size Area: 10015.0000 Square Feet
  • Maintenance Expense: 8932.00
  • Maintenance Percent: 6.00
  • Net Operating Income: 85915.00
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 10
  • Operating Expense: 58491.00
  • Operating Expense Percent: 39.30
  • Other Expense: 1000.00
  • Other Expense Description: Admin
  • Other Income Description: Utility/Misc
  • Rent Control: No
  • Total Actual Rent: 11870.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 26893.00
  • Tax Block: 2
  • Tax Lot: 19
  • Tax Tract Number: 146
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Property History

Date Event Price List to Sale Price per Sq Ft
08/17/2016 08/17/16 Sold $2,226,000 +16.2% $210 / Sq Ft
03/28/2016 03/28/16 Pending -- -- --
02/19/2016 02/19/16 For Sale $1,915,000 -- $180 / 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 $34,103 $2,583,459 $1,740,877 $842,582
2024 $34,103 $2,532,804 $1,706,743 $826,061
2023 $33,742 $2,483,142 $1,673,278 $809,864
2022 $34,368 $2,434,454 $1,640,469 $793,985
2021 $34,044 $2,386,720 $1,608,303 $778,417
2019 $31,997 $2,315,930 $1,560,600 $755,330
2018 $31,962 $2,270,520 $1,530,000 $740,520
2016 $12,553 $811,150 $561,568 $249,582
2015 $12,435 $798,967 $553,133 $245,834
2014 $12,454 $783,317 $542,298 $241,019
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16035059

California Regional Multiple Listing Service (CRMLS)
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