NOT LISTED FOR SALE

721 Venice Way Inglewood, CA 90302

North Inglewood Neighborhood
3 Beds
2 Baths
14,946 Sq Ft
0.41 Acres

Last Sold August 17, 2016

Last sale price $3,325,000 $222 Per Sq Ft

38 Days on Market

About This Home

As of August 2016

• Prime Northwest Inglewood Location
• Excellent Mix of 1 & 2 Bedroom Units
• Substantial Rental Upside
• Garages
• 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

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 0.41 Acre Lot
  • 1 Common Wall
  • Density is 16-20 Units/Acre

Parking

  • 7 Car Garage
  • 19 Carport Spaces

Home Design

  • 14,946 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Pool

  • In Ground Pool

Listing and Financial Details

  • Tax Lot 279
  • Tax Tract Number 1062
  • Assessor Parcel Number 4017021037

Community Details

Overview

  • 18 Units

Building Details

  • 19 Separate Electric Meters
  • 19 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,800
  • Insurance Expense $4,484
  • Maintenance Expense $14,437
  • Other Expense $1,000
  • Pool Expense $1,800
  • Professional Management Expense $5,400
  • Trash Expense $6,353
  • Water Sewer Expense $6,354
  • New Taxes Expense $43,557
  • Gross Income $20,051
  • Net Operating Income $148,209

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Parking

7

Listing Details

  • CapRate: 4.80
  • Professional Management Expense: 5400.00
  • Property Attached: Yes
  • Water Sewer Expenses: 6354.00
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 4017021037
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 222.47

Exterior Features

  • Pool Expense: 1800.00
  • Pool Features: In Ground
  • Pool Private: Yes

Garage/Parking

  • Carport Spaces: 19.00
  • Garage Spaces: 7.00
  • Total Parking Spaces: 66.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 6353.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: 16-20 Units/Acre, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 18010.00
  • Price Per Lot Square Foot: 184.62
  • Lot Size Acres: 0.4130

Multi Family

  • Gross Income: 20051.00
  • Gross Multiplier: 12.86
  • Gross Scheduled Income: 240612.00
  • Insurance Expense: 4484.00
  • Lot Size Area: 18010.0000 Square Feet
  • Maintenance Expense: 14437.00
  • Maintenance Percent: 6.00
  • Net Operating Income: 148209.00
  • Number Of Separate Electric Meters: 19
  • Number Of Separate Gas Meters: 19
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 18
  • Operating Expense: 85185.00
  • Operating Expense Percent: 35.40
  • Other Expense: 1000.00
  • Other Expense Description: Admin
  • Other Income Description: Utility/Misc
  • Rent Control: No
  • Total Actual Rent: 19451.00
  • Vacancy Allowance: 7218
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 43557.00
  • Tax Lot: 279
  • Tax Tract Number: 1062

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

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
08/17/2016 08/17/16 Sold $3,325,000 +7.4% $222 / Sq Ft
03/28/2016 03/28/16 Pending -- -- --
02/19/2016 02/19/16 For Sale $3,095,000 -- $207 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2016

    Peter Gillin

    Morgan Skenderian

  • Doug Rodermund

    Seller Co-Listing Agent in 2016

    Doug Rodermund

    Morgan Skenderian

    (949) 295-8560

    22 Total Sales

    Doug Rodermund
    Section Image

  • N

    Buyer's Agent in 2016

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    1 in this area

    5,859 Total Sales

    NoEmail NoEmail
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16035107

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Inglewood 90302 North Inglewood

721 Venice Way, Inglewood, CA

This home is located at 721 Venice Way, Inglewood, CA 90302 since 19 February 2016. This property was built in 1958. 721 Venice Way is a home located in Los Angeles County with nearby schools including Highland Elementary School, Parent (Frank D.) Elementary School, and Inglewood High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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

Nearby Homes