NOT LISTED FOR SALE

925 Larch St Inglewood, CA 90301

9 Beds
6 Baths
4,868 Sq Ft
7,854 Sq Ft Lot

Last Sold April 12, 2013

Last sale price $710,000 $146 Per Sq Ft

36 Days on Market

About This Home

As of April 2013

925 Larch St. is a beautiful 6-unit apartment building located in central Inglewood, 2 blocks from Centinela Hospital Medical Center and 4 miles east of LAX. This non-rent controlled apartment building was built in 1960 and has an excellent unit mix comprised of three-1 bedroom/1 bath units and three-2 bedroom/1 bath units. The building is 4,868 square feet, and sits on a large parcel of land consisting of 7,854 square feet.

In the last year the seller has rehabbed three of the units including installing hardwood floors throughout the hallways and living room, remodeling the kitchens and installing tile flooring in the kitchens and bathrooms. The property features an onsite laundry room and six tuck under parking spaces. The units are also separately metered for gas and electric.

At $720,000 this deal is $120,000/unit and $147.90/sq. ft. This income property will not be on the market long! Do not miss out on this great investment opportunity!

Last Agent to Sell the Property

Brett Lyon

Lyon Stahl Investment Real Estate, Inc. License #01717818 Listed on: 11/07/2012

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

Brett Lyon

Lyon Stahl Investment Real Estate, Inc. License #01717818 Listed on: 11/07/2012

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 7,854 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 6 Parking Spaces

Home Design

  • 4,868 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 6 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 29
  • Tax Tract Number 6011
  • Assessor Parcel Number 4024017028

Community Details

Overview

  • 6 Units

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $5,995
  • Net Operating Income $44,940

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 4024017028
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 145.85

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7854.00
  • Lot Size Acres: 0.1800

Multi Family

  • Gross Income: 5995.00
  • Gross Scheduled Income: 71940.00
  • Lot Size Area: 7854.0000 Square Feet
  • Net Operating Income: 44940.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 27000.00
  • Rent Control: No
  • Total Actual Rent: 5945.00

Tax Info

  • Tax Lot: 29
  • Tax Tract Number: 6011

Range of Values:

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List Price
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
04/12/2013 04/12/13 Sold $710,000 -1.4% $146 / Sq Ft
12/13/2012 12/13/12 Pending -- -- --
11/07/2012 11/07/12 For Sale $720,000 -- $148 / 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: SB12137999

California Regional Multiple Listing Service (CRMLS)