NOT LISTED FOR SALE

9801 Crenshaw Blvd Inglewood, CA 90305

Morningside Park Neighborhood

Estimated Value: $1,279,000 - $3,466,000

16 Beds
8 Baths
8,076 Sq Ft
$300/Sq Ft Est. Value

Last Sold January 07, 2019

Last sale price $2,350,000 $291 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $14,629/month

184 Days on Market

About This Home

As of January 2019

9801 and 9809 Crenshaw Blvd., Inglewood, CA 90305 consist of two adjacent 4-plexes, totaling 8 units, located on separate parcels in the non-rent control community of Inglewood, California which is rapidly becoming the next downtown Los Angeles of Los Angeles County. This is a true value-add real estate investment opportunity as there is an astounding 90% rental upside. All 8 units consist of two-bedroom, one-bathroom units averaging 1,000 sq. ft. based on a combined building square footage of 8,076 on two lots totaling 14,383 sq. ft. These apartments offer tenants all of the comforts of home including large private yards, garage parking, and a laundry room. Furthermore, the apartments have recently been upgraded with central air conditioning, new doors, new windows, and new utility meters as provided through the Inglewood's Residential Sound Insulation Program. The apartments are separately metered for gas & electricity & have individual water heaters. *SELLER FINANCING AVAIL!!!*

Last Agent to Sell the Property

Aaron Fierstein

Colliers International- Los Angeles License #01271183 Listed on: 05/01/2018

Last Buyer's Agent

Victor Gonzalez

Horizon Real Estate Management Group License #01921075

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,062

Year Built

  • Built in 1955

Lot Details

  • 0.33

Parking

  • 8 Car Garage

Interior Spaces

  • 8,076 Sq Ft Home
  • 2-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 8 Bathrooms

Additional Features

  • 0.33 Acre Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 8 Units

Listing and Financial Details

  • Assessor Parcel Number 4025-015-011

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,062

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 8076
  • Stories: 2
  • Year Built: 1955
  • Number Of Photos: 3
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 16
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 8.00
  • Den: 0
  • Equipment: Range/Oven
  • Price Per S Q F T: 297.18

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Garage
  • Total Parking: 8

Utilities

  • Cooling: Air Conditioning
  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 175294
  • Assessed Land Value: 95133
  • Assessor Parcel Number: 4025-015-011
  • Geocode Override: No
  • Lot Size Area: 14383

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 19.75
  • Number Of Units: 8
  • Total Annual Expense: 57765
  • Type Of Units: Flat
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2018
Closed on
Nov 20, 2018
Sold by
Turner Tom H and Turner Tom H
Bought by
Papik Josephine A and Papik Family Trust
Seller's Agent
Aaron Fierstein
Colliers International- Los Angeles
Buyer's Agent
Victor Gonzalez
Horizon Real Estate Management Group
List Price
$2,400,000
Sold Price
$2,350,000
Premium/Discount to List
-$50,000
-2.08%
Current Estimated Value
$2,423,966

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,966
Avg. Annual Appreciation
-2.54%
Original Mortgage
$650,000
Interest Rate
4.8%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 17, 2004
Sold by
Turner Tom H
Bought by
Turner Tom H and The Tom H & Ann Turner Joint D

Purchase Details

Closed on
Sep 24, 2003
Sold by
Turner Tom H and Turner Tom H
Bought by
Turner Tom H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 23, 2003
Sold by
Turner Ann Marvin
Bought by
Turner Tom H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.3%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Papik Josephine A $2,350,000 North American Title Company
Turner Tom H -- --
Turner Tom H -- Land America Lawyers Title
Turner Tom H -- Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Papik Josephine A $650,000
Previous Owner Turner Tom H $100,000
Previous Owner Turner Tom H $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/07/2019 01/07/19 Sold $2,350,000 -2.1% $291 / Sq Ft
11/01/2018 11/01/18 Pending -- -- --
09/07/2018 09/07/18 For Sale $2,400,000 0.0% $297 / Sq Ft
08/15/2018 08/15/18 Pending -- -- --
05/01/2018 05/01/18 For Sale $2,400,000 -- $297 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $17,062 $1,310,730 $864,525 $446,205
2024 $17,062 $1,285,030 $847,574 $437,456
2023 $16,884 $1,259,834 $830,955 $428,879
2022 $17,205 $1,235,132 $814,662 $420,470
2021 $17,046 $1,210,915 $798,689 $412,226
2019 $11,649 $281,349 $98,975 $182,374
2018 $4,566 $275,834 $97,035 $178,799
2016 $4,303 $265,125 $93,268 $171,857
2015 $4,262 $261,144 $91,868 $169,276
2014 $4,274 $256,030 $90,069 $165,961
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2019

    Aaron Fierstein

    Colliers International- Los Angeles

  • V

    Buyer's Agent in 2019

    Victor Gonzalez

    Horizon Real Estate Management Group

    (310) 713-6767

    2 in this area

    5 Total Sales

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Map

Source: The MLS

MLS Number: 18-373232

The MLS

APN: 4025-015-011

California Los Angeles County Inglewood 90305 Morningside Park

9801 Crenshaw Blvd, Inglewood, CA

This home is located at 9801 Crenshaw Blvd, Inglewood, CA 90305 since 01 May 2018 and is currently estimated at $2,423,966, approximately $300 per square foot. This property was built in 1955. 9801 Crenshaw Blvd is a home located in Los Angeles County with nearby schools including Monroe (Albert F.) Middle School, Morningside High School, and Teach Academy Of Technologies.

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