NOT LISTED FOR SALE

629 E Queen St Unit 5 Inglewood, CA 90301

Inglewood Area
3 Beds
3 Baths
10,611 Sq Ft
10,015 Sq Ft Lot

Sale Details

Date 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

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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

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

Listed on
Feb 19, 2016
Closed on
Jul 21, 2016
Sold by
Bought by
Seller's Agent
Peter Gillin
Morgan Skenderian
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$1,915,000
Sold Price
$2,226,000
Premium/Discount to List
$311,000
16.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,675,000
Interest Rate
3.56%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 26, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$506,250
Interest Rate
6.86%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 6, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,500
Interest Rate
7.96%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 6, 1996
Sold by
Bought by
Source: Public Records

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
-- First American Title Ins Co
$2,226,000 First American Title Ins Co
-- Lawyers Title Company
$450,000 Investors 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
Open $1,560,000
Closed $1,675,000
Previous Owner $960,000
Previous Owner $750,000
Previous Owner $506,250
Previous Owner $337,500
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
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

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 $36,658 $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

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16035059

California Regional Multiple Listing Service (CRMLS)
Your Personal Tour Guide

Ask me questions while you tour the home.