$1,199,000
$50K PRICE DROP

701 Walnut St Inglewood, CA 90301

Inglewood Area

Estimated payment $7,811/month

Total Views 6,053
9 Beds
3 Baths
2,775 Sq Ft
$432 Price per Sq Ft

Highlights

  • Living Room
  • Level Lot
  • 1-Story Property
  • Forced Air Heating System

About This Home

Excellent investment opportunity located less than 2 miles from SoFi Stadium and the new Los Angeles Clippers Arena. Situated on a generous lot, the property offers potential for future redevelopment of 6+ units (buyer to verify with the city). The property currently consists of a well-maintained triplex, with each unit configured as 3 bedrooms and 1 bathroom. Rents have been recently raised, and the units are occupied by long-term tenants with a history of timely rent payments. Each unit includes washer and dryer hookups and functional, flexible layouts. Conveniently located near major sports venues, transit, and ongoing area development, this property presents a solid opportunity for investors seeking stable income with future upside potential in a growing Los Angeles market.

Listing Agent

Steve Thorn

Shoreview Partners Real Estate Brokerage Phone: 310-406-5896 License #02002405 Listed on: 01/22/2026

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1937

Lot Details

  • 9,663 Sq Ft Lot
  • No Common Walls
  • Level Lot

Parking

  • 3 Car Garage

Home Design

  • Triplex
  • Entry on the 1st floor

Interior Spaces

  • 2,775 Sq Ft Home
  • 1-Story Property
  • Living Room

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry in unit
  • Washer and Gas Dryer Hookup

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Legal Lot and Block 10 / C
  • Tax Tract Number 2
  • Assessor Parcel Number 4022025001
  • $835 per year additional tax assessments

Community Details

Overview

  • 3 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Gardener Expense $120
  • Insurance Expense $100
  • Water Sewer Expense $225
  • Operating Expense $15,530
  • Gross Income $84,744
  • Net Operating Income $69,214

Property Details

Home Type

Multi-Family

Year Built

Built in 1937

Lot Details

9,663 Sq Ft Lot

Parking

3

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 225.00
  • Zoning: INR3YY
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 120.00
  • Parcel Number: 4022025001
  • Year Built: 1937
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 432.07
  • Room Type: All Bedrooms Down, Kitchen, Living Room

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Inside, Gas Dryer Hookup, Gas & Electric Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 9663.00
  • Lot Size Acres: 0.2218

Multi Family

  • Gross Income: 84744.00
  • Gross Operating Income: 72456.00
  • Gross Scheduled Income: 84744.00
  • Insurance Expense: 100.00
  • Lot Size Area: 9663.0000 Square Feet
  • Net Operating Income: 69214.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Units Total: 3
  • Operating Expense: 15530.00
  • Rent Control: Yes
  • Total Expenses: 15530.00

Tax Info

  • Tax Block: C
  • Tax Census Tract: 6012.12
  • Tax Lot: 10
  • Tax Tract Number: 2
  • TaxOtherAnnualAssessmentAmount: 835.00

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 $14,728 $1,066,410 $832,320 $234,090
2024 $13,710 $1,045,500 $816,000 $229,500
2023 $3,682 $227,666 $145,408 $82,258
2022 $3,757 $223,203 $142,557 $80,646
2021 $3,719 $218,827 $139,762 $79,065
2020 $3,578 $216,584 $138,329 $78,255
2019 $3,524 $212,338 $135,617 $76,721
2018 $3,407 $208,175 $132,958 $75,217
2016 $3,213 $200,094 $127,796 $72,298
2015 $3,182 $197,090 $125,877 $71,213
2014 $3,193 $193,231 $123,412 $69,819
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
07/18/2026 07/18/26 For Sale $1,199,000 0.0% $432 / Sq Ft
07/17/2026 07/17/26 Off Market $1,199,000 -- --
07/01/2026 07/01/26 Price Changed $1,199,000 -4.0% $432 / Sq Ft
03/12/2026 03/12/26 For Sale $1,249,000 0.0% $450 / Sq Ft
03/11/2026 03/11/26 Off Market $1,249,000 -- --
01/22/2026 01/22/26 For Sale $1,249,000 +21.9% $450 / Sq Ft
06/23/2023 06/23/23 Sold $1,025,000 -6.8% $369 / Sq Ft View Prior Sale
05/06/2023 05/06/23 Pending -- -- --
04/07/2023 04/07/23 For Sale $1,100,000 -- $396 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 Type Sale Price Title Company
Grant Deed $1,025,000 First American Title
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 Loan Amount Loan Type
Open $957,750 VA
Closed $968,596 VA
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV26016058

California Regional Multiple Listing Service (CRMLS)

APN: 4022-025-001

California Los Angeles County Inglewood 90301

701 Walnut St, Inglewood, CA

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Steve Thorn
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Steve Thorn
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Shoreview Partners Real Estate
(310) 455-8139
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