NOT LISTED FOR SALE
11 Beds
8 Baths
5,965 Sq Ft
7,958 Sq Ft Lot

Last Sold December 21, 2021

Last sale price $1,735,000 $291 Per Sq Ft

1 Day on Market

Highlights

  • No HOA
  • Laundry Room
  • Carpet

About This Home

As of December 2021

Welcome to this low-maintenance 5965 SF 8 Unit Multi-Family Apartment Complex in the City of Inglewood. It sits on a 7958 SF lot.
This property includes 2 buildings with a total of 8 units. The front building is 2 story consisting of (5) 1 bedroom / 1 bath units. The building to the rear of the property is a tri-plex consisting of (3) 2 bedroom / 1 bath units. All tenants are currently on a month-to-month tenancy. The building features on-site laundry, 8 covered/tucked under parking spaces. Each unit also is separately metered for gas & electrical. This opportunity is located in one of the most up & coming areas of Los Angeles. It will attract an investor looking to purchase a low-maintenance multi-family property in a growing area.
**DO NOT WALK THE PROPERTY NOR DISTURB THE TENANTS**

Last Agent to Sell the Property

Patricia Sue Connell

Real Estate EBroker Inc. License #01919606 Listed on: 09/26/2021

Real Estate EBroker Inc.

Last Buyer's Agent

Michael Padilla

Lyon Stahl Investment Real Estate, Inc. License #01993341

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 7,958 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre
  • 4017021028

Home Design

  • 5,965 Sq Ft Home
  • Property Attached

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 8 Bathrooms

Home Security

  • Window Bars
  • Security Lights
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 8 Parking Spaces
  • 8 Carport Spaces

Additional Features

  • Laundry Room
  • Rain Gutters

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 273
  • Tax Tract Number 1062
  • Assessor Parcel Number 4017021025
  • $1,671 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 8 Units

Building Details

  • 8 Leased Units
  • Rent Control
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $1,020
  • Insurance Expense $3,117
  • Water Sewer Expense $6,176
  • Operating Expense $18,183
  • Gross Income $101,340
  • Net Operating Income $83,157

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Assessments: Yes
  • Other Phone Description: 3103577303
  • Price Per Unit: 275000
  • Property Attached: Yes
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Security Lights, Smoke Detector(s), Window Bars
  • Water Sewer Expenses: 6176.00
  • Zoning: INR3YY
  • Property Type: Residential Income
  • Gardener Expense: 1020.00
  • Parcel Number: 4017021025
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate, Vinyl
  • Levels: Two
  • Price Per Square Foot: 290.86

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 8.00
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Electricity Available, Sewer Connected
  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Gutters, Sidewalks, Storm Drains

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 4017021028
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 7958.00
  • Lot Size Acres: 0.1827

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 101340.00
  • Gross Scheduled Income: 101340.00
  • Insurance Expense: 3117.00
  • Lot Size Area: 7958.0000 Square Feet
  • Net Operating Income: 83157.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Operating Expense: 18183.00
  • Rent Control: Yes
  • Total Actual Rent: 101340.00
  • Total Expenses: 18183.00

Tax Info

  • Tax Census Tract: 6013.02
  • Tax Lot: 273
  • Tax Tract Number: 1062
  • TaxOtherAnnualAssessmentAmount: 1671.00

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/21/2021 12/21/21 Sold $1,735,000 -21.1% $291 / Sq Ft
09/26/2021 09/26/21 For Sale $2,200,000 -- $369 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21213423

California Regional Multiple Listing Service (CRMLS)