NOT LISTED FOR SALE

804 Larch St Inglewood, CA 90301

18 Beds
19 Baths
10,682 Sq Ft
9,699 Sq Ft Lot

Last Sold December 05, 2019

Last sale price $2,875,000 $269 Per Sq Ft

2 Days on Market

About This Home

As of December 2019

Very motivated seller! Seller has identified up-leg property and must be non-contingent on the sale within the next few weeks. 804 Larch St. is a 9-unit building built in 1989, in a prime Inglewood location. The property consists of eight (8) 2 Bd/2 Ba units and one (1) 2 Bd/2.5 Ba townhouse. Each unit has two (2) garage parking spaces and eight (8) of the nine (9) units have been rehabbed with plank tile flooring and granite counter tops. This is a very stable asset in a newly rent control market, with additional rent upside. 4.90% cap rate on the current rents and 5.80% cap rate on the market rents. Numbers Page, Rehab Schedule, and 2018 Profit and Loss Statement included as supplements to this listing.

Last Agent to Sell the Property

Martin Ensbury

Lyon Stahl Investment Real Estate, Inc. License #00815392 Listed on: 10/01/2019

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

NoEmail NoEmail

None MRML License #N/A

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1989

Lot Details

  • 9,699 Sq Ft Lot
  • 1 Common Wall
  • Density is 6-10 Units/Acre

Parking

  • 18 Car Garage

Home Design

  • 10,682 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 19 Bathrooms

Location

  • Urban Location
  • Suburban Location

Additional Features

  • Laundry Room
  • Exterior Lighting

Listing and Financial Details

  • Legal Lot and Block 17 / 357
  • Tax Tract Number 1453
  • Assessor Parcel Number 4024004026

Community Details

Building Details

  • Rent Control
  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $3,069
  • Maintenance Expense $10,429
  • Other Expense $2,164
  • Professional Management Expense $10,429
  • New Taxes Expense $35,341
  • Operating Expense $73,704
  • Gross Income $215,034
  • Net Operating Income $134,879

Additional Features

  • 9 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1989

Lot Details

0

Parking

18

Listing Details

  • CapRate: 4.90
  • Professional Management Expense: 10429.00
  • Property Attached: Yes
  • Zoning: INR3YY
  • Property Type: Residential Income
  • Parcel Number: 4024004026
  • Year Built: 1989
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Three Or More
  • Price Per Square Foot: 269.14

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 18.00
  • Total Parking Spaces: 18.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Suburban, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 9699.00
  • Lot Size Acres: 0.2227

Multi Family

  • Gross Income: 215034.00
  • Gross Scheduled Income: 215034.00
  • Insurance Expense: 3069.00
  • Lot Size Area: 9699.0000 Square Feet
  • Maintenance Expense: 10429.00
  • Net Operating Income: 134879.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 9
  • Operating Expense: 73704.00
  • Other Expense: 2164.00
  • Other Expense Description: Assess
  • Rent Control: Yes
  • Total Expenses: 73704.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 35341.00
  • Tax Block: 357
  • Tax Census Tract: 6010.02
  • Tax Lot: 17
  • Tax Tract Number: 1453

Range of Values:

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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
12/05/2019 12/05/19 Sold $2,875,000 +2.7% $269 / Sq Ft
10/03/2019 10/03/19 Pending -- -- --
10/01/2019 10/01/19 For Sale $2,800,000 -- $262 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Martin Ensbury

    Seller's Agent in 2019

    Martin Ensbury

    Lyon Stahl Investment Real Estate, Inc.

    (310) 376-4600

    27 Total Sales

    Martin Ensbury
    Section Image

  • N

    Buyer's Agent in 2019

    NoEmail NoEmail

    None MRML

    (646) 541-2551

    7 in this area

    5,802 Total Sales

    NoEmail NoEmail
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB19232515

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Inglewood 90301

804 Larch St, Inglewood, CA

This home is located at 804 Larch St, Inglewood, CA 90301 since 01 October 2019. This property was built in 1989. 804 Larch St is a home located in Los Angeles County with nearby schools including Kelso (William H.) Elementary School, Crozier (George W.) Middle School, and Morningside 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

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