Seller's Agent in 2015
Abu Majumder
Abu Majumder, Broker
(310) 856-1121
2 Total Sales
8808 Crenshaw Blvd Inglewood, CA 90305
Morningside Park Neighborhood
1
Bed
1
Bath
7,842
Sq Ft
6,005
Sq Ft Lot
About This Home
As of May 2015This investment offering represents an opportunity for an investor to own an 8 unit apartment building, well maintained property that is located in the highly desirable rental area of north east Inglewood. The building is located north of Manchester Blvd, South of Florence Ave, east of Prairie Ave, and west of Van Ness Ave., with very close proximity to major freeways.
The neighborhood is surrounded by a combination of well-kept apartment buildings, mature single family residences and retail & office building on the main roads. The subject property is a two (2) story building built in 1926 and is non- rent control. The units are very large sized eight (8) one bedroom one bath. A Couple of the units have upgraded kitchen and hardwood Floor. The hallway is very large. There is an on-site laundry facility for tenant’s convenience. Majority of the windows are new. Current owner operates the property with pristine condition. There is no onsite parking and parking is on the street which is plenty.
Amenities include: Secured entrance, large living room, large bedrooms, onsite laundry facility, and large hallway. All units are separately metered for gas and electric and tenant pays for the utility.
Last Agent to Sell the Property
Abu Majumder, Broker License #01275191 Listed on: 09/24/2014
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1926
Lot Details
- 6,005 Sq Ft Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Home Design
- Property Attached
Interior Spaces
- 7,842 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Bathroom
Location
- Suburban Location
Listing and Financial Details
- Tax Lot 3,4
- Tax Tract Number 8344
- Assessor Parcel Number 4026016002
Community Details
Overview
- 8 Units
Building Details
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- Insurance Expense $1,700
- Maintenance Expense $3,200
- Professional Management Expense $1,200
- Water Sewer Expense $3,000
- New Taxes Expense $14,580
- Gross Income $7,200
- Net Operating Income $54,940
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/29/2015 05/29/15 | Sold | $905,000 | -7.2% | $115 / Sq Ft |
| 03/19/2015 03/19/15 | Pending | -- | -- | -- |
| 09/24/2014 09/24/14 | For Sale | $975,000 | -- | $124 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Abu Majumder
-
Maria Franco
Buyer's Agent in 2015
Maria Franco
Century 21 Masters
(562) 822-0932
3 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB14206311
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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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