NOT LISTED FOR SALE
8 Beds
5 Baths
21,071 Sq Ft
0.57 Acres

Last Sold August 19, 2013

Last sale price $2,850,000 $135 Per Sq Ft

43 Days on Market

About This Home

As of August 2013

DRIVE BY ONLY. PLEASE DO NOT DISTURB MANAGER OR TENANTS

Edgewood Apartments comprises of 24 units which possesses an
attractive unit mix of 8 one bedroom one bathroom, 13 two bedroom
one and a half baths, 2 two bedroom 1 bath, and 1 three bedroom two bathroom
Located in a high density high demand rental market, Edgewood Apartments maintains a strong occupancy rate currently at 100%. A new Buyer can take over this turnkey asset and increase rents up to 20% for the two bed room units
increasing the cash flow substantially.


Inglewood sits in the middle of four freeways (I 110, I 105, I 10, and I 405); it
is only ten minutes from Los Angeles International Airport; twenty minutes
from the Los Angeles Harbor; and fifteen minutes from any major attraction
in Los Angeles. Eight major thoroughfares run through the City, both north
and south, and east and west.

Last Agent to Sell the Property

Albert Le

LE INVESTMENT GROUP License #01468313 Listed on: 04/01/2013

Last Buyer's Agent

Albert Le

LE INVESTMENT GROUP License #01468313 Listed on: 04/01/2013

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 0.57 Acre Lot
  • Two or More Common Walls
  • Density is 21-25 Units/Acre

Home Design

  • 21,071 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Parking

  • 24 Parking Spaces
  • 24 Carport Spaces

Additional Features

  • Private Pool
  • Urban Location

Listing and Financial Details

  • Tax Lot 717
  • Tax Tract Number 1453
  • Assessor Parcel Number 4016011022

Community Details

Overview

  • 5 Buildings
  • 24 Units

Recreation

  • Community Pool

Building Details

  • 24 Leased Units
  • 24 Separate Electric Meters
  • 24 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $8,000
  • Maintenance Expense $18,591
  • Professional Management Expense $18,718
  • Trash Expense $12,000
  • Water Sewer Expense $20,000
  • New Taxes Expense $37,200
  • Gross Income $25,575
  • Net Operating Income $170,777

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Listing Details

  • CapRate: 6.06
  • Professional Management Expense: 18718.00
  • Property Attached: Yes
  • Water Sewer Expenses: 20000.00
  • Property Type: Residential Income
  • Parcel Number: 4016011022
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 135.26

Exterior Features

  • Pool Features: Community
  • Pool Private: Yes

Garage/Parking

  • Carport Spaces: 24.00
  • Total Parking Spaces: 24.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 12000.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Lot Features: 21-25 Units/Acre
  • Lot Size Sq Ft: 24829.00
  • Lot Size Acres: 0.5700

Multi Family

  • Gross Income: 25575.00
  • Gross Scheduled Income: 306900.00
  • Insurance Expense: 8000.00
  • Lot Size Area: 0.5700 Acres
  • Maintenance Expense: 18591.00
  • Net Operating Income: 170777.00
  • Number Of Separate Electric Meters: 24
  • Number Of Separate Gas Meters: 24
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 24
  • Number Of Units Total: 24
  • Operating Expense: 139650.00
  • Rent Control: No
  • Total Actual Rent: 25575.00

Tax Info

  • New Taxes Expense: 37200.00
  • Taxes Percent: 1.40
  • Tax Lot: 717
  • Tax Tract Number: 1453
  • Tax Year: 2011

Range of Values:

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Average Value
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Sold Price
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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
07/06/2025 07/06/25 Off Market $1,999 -- --
06/25/2025 06/25/25 Price Changed $1,999 -4.9% $2 / Sq Ft
05/27/2025 05/27/25 Price Changed $2,103 -4.2% $2 / Sq Ft
05/13/2025 05/13/25 Price Changed $2,196 -4.3% $2 / Sq Ft
05/06/2025 05/06/25 Price Changed $2,295 -4.2% $3 / Sq Ft
04/23/2025 04/23/25 Price Changed $2,395 +4.4% $3 / Sq Ft
04/22/2025 04/22/25 For Rent $2,295 0.0% --
01/22/2025 01/22/25 Off Market $2,295 -- --
01/14/2025 01/14/25 For Rent $2,295 0.0% --
07/09/2024 07/09/24 For Rent $2,295 0.0% --
11/07/2023 11/07/23 Price Changed $2,295 -4.2% $3 / Sq Ft
10/17/2023 10/17/23 Price Changed $2,395 -4.0% $3 / Sq Ft
10/02/2023 10/02/23 Price Changed $2,495 +24.8% $3 / Sq Ft
09/21/2023 09/21/23 For Rent -- -- --
09/06/2023 09/06/23 For Rent -- -- --
09/01/2023 09/01/23 For Rent $1,999 0.0% --
08/19/2013 08/19/13 Sold $2,850,000 -8.1% $135 / Sq Ft
05/14/2013 05/14/13 Pending -- -- --
04/01/2013 04/01/13 For Sale $3,100,000 -- $147 / 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: IV13056150

California Regional Multiple Listing Service (CRMLS)