NOT LISTED FOR SALE

Inglewood, CA 90303

South Inglewood Neighborhood

Estimated Value: $1,027,506 - $1,110,000

9 Beds
5 Baths
1,427 Sq Ft
$747/Sq Ft Est. Value

Last Sold October 13, 2016

Last sale price $650,000 $456 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $6,461/month

6 Days on Market

About This Home

As of October 2016

Fantastic opportunity to purchase a 4 unit building in the city of Inglewood blocks from the stadium development. The building and units need some cosmetic fixes to bring the rent up to market. Only two units are currently rented which are the two upstairs 2 bedroom 1 bath units. The 3 bedroom 2 bath front unit and downstairs 2 bedroom 1 bath unit need updating before they can be rented. No rent control. There is an inside laundry room for tenant convenience and a one car garage for the front unit and one car port space for each of the three back units. This property is within walking distance to public transportation and shopping areas and two blocks from the Inglewood stadium project. Agents, see agent remarks

Last Agent to Sell the Property

Carmen Gonzalez Franco

The Hills Premier Realty License #01927747 Listed on: 08/11/2016

Last Buyer's Agent

Carmen Gonzalez Franco

The Hills Premier Realty License #01927747 Listed on: 08/11/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 7,487

Parking

  • 2 Car Garage
  • 6 Carport Spaces

Home Design

  • Fixer Upper

Interior Spaces

  • 1,427 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Oven or Range

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Additional Features

  • 7,487 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Assessor Parcel Number 4032-006-041

Community Details

Overview

  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

7,487 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: No
  • Advertising Remarks: Fantastic opportunity to purchase a 4 unit building in the city of Inglewood blocks from the stadium development. The building and units need some cosmetic fixes to bring the rent up to market. Only two units are currently rented which are the two upstairs 2 bedroom 1 bath units. The vacant 3 bedroom 2 bath front unit and downstairs 2 bedroom 1 bath unit need updating before they can be rented. No rent control. There is an inside laundry room for tenant convenience and a one car garage for the front unit and one car port space for each of the three back units. This property is within walking distance to public transportation and shopping areas and two blocks from the Inglewood stadium project. Agents, see agent remarks
  • Living Area: 1427
  • Probate: Yes
  • Property Condition: Fixer
  • Stories: 2
  • Year Built: 1948
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Carpet: 4
  • Number Dishwasher: 0
  • Number Disposal: 4
  • Bedrooms: 9
  • Laundry: Community
  • Total Bathrooms: 5.00
  • Equipment: Range/Oven
  • Price Per S Q F T: 385.07

Exterior Features

  • Tennis Court Y/N: No
  • Number Patio: 0
  • Paved: Yes
  • Pool: No
  • View: No

Garage/Parking

  • Carport Spaces: 6
  • Garage Spaces: 2
  • Garage Structures: 2
  • Number Rented Garages: 2
  • Parking Garage: Covered Parking
  • Total Parking: 6

Utilities

  • Cooling: Ceiling Fan
  • Electric Expense: 1800.00
  • Heating: Wall Gas
  • Number Electric Meters: 4
  • Number Gas Meters: 4
  • Water Expense: 3200.00
  • Water Heaters: Yes

Fee Information

  • Insurance Expense: 2900.00
  • Maintenance Expense: 6500.00
  • Management Expense: 1000.00
  • Trash Expense: 1850.00

Lot Info

  • Assessed Improvement Value: 105439
  • Assessed Land Value: 241013
  • Assessor Parcel Number: 4032-006-041
  • Geocode Override: No
  • Lot Description: 2-4 Lots
  • Lot Size Area: 7487

Rental Info

  • Number Leased: 2
  • Court Approve: No
  • Land Lease Type: Month to Month
  • Rent Control: No

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 8.18
  • Number Of Units: 4
  • Number Wall A C: 0
  • Type Of Units: 4 Unit

Tax Info

  • Private Transfer Taxes: Yes
  • Tax Expense: 6875.00

MLS Schools

  • School District: Inglewood Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 19, 2017
Sold by
Laudicina Sal and Tran Tuyet
Bought by
Stadium Residence Llc
Current Estimated Value
$1,066,627

Purchase Details

Listed on
Aug 11, 2016
Closed on
Aug 26, 2016
Sold by
Estate Of Craig Lamont Davis
Bought by
Laudicina Sal and Tran Tuyet
Seller's Agent
Carmen Gonzalez Franco
The Hills Premier Realty
Buyer's Agent
Carmen Gonzalez Franco
The Hills Premier Realty
List Price
$549,500
Sold Price
$650,000
Premium/Discount to List
$100,500
18.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.39%

Purchase Details

Closed on
Feb 15, 2002
Sold by
Bunker Gary and Bunker Geraldine
Bought by
Davis Craig L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
6.6%

Purchase Details

Closed on
Feb 20, 1997
Sold by
Ba Properties Inc
Bought by
Bunker Gary and Bunker Geraldine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
7.86%

Purchase Details

Closed on
Nov 6, 1996
Sold by
Anakwenze Nwachukuw A and Anakwenze Vicki M
Bought by
Ba Properties Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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

Purchase History

Date Buyer Sale Price Title Company
Stadium Residence Llc -- None Available
Laudicina Sal $650,000 Fidelity National Title
Davis Craig L $287,500 --
Bunker Gary $185,000 First American Title Co
Ba Properties Inc $127,681 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Davis Craig L $230,000
Previous Owner Bunker Gary $148,000
Closed Davis Craig L $57,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/13/2016 10/13/16 Sold $650,000 +18.3% $456 / Sq Ft
08/17/2016 08/17/16 For Sale $549,500 -15.5% $385 / Sq Ft
08/15/2016 08/15/16 Off Market $650,000 -- --
08/11/2016 08/11/16 For Sale $549,500 -- $385 / Sq Ft
Source: The MLS

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 $10,215 $754,376 $452,627 $301,749
2024 $10,215 $739,585 $443,752 $295,833
2023 $10,210 $725,084 $435,051 $290,033
2022 $10,340 $710,868 $426,521 $284,347
2021 $10,192 $696,930 $418,158 $278,772
2020 $9,749 $690,125 $413,871 $276,254
2019 $9,590 $676,600 $405,756 $270,844
2018 $9,500 $663,340 $397,800 $265,540
2016 $5,259 $351,734 $244,688 $107,046
2015 $5,208 $346,452 $241,013 $105,439
2014 $5,217 $339,666 $236,292 $103,374
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2016

    Carmen Gonzalez Franco

    The Hills Premier Realty

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Source: The MLS

MLS Number: 16-152652

The MLS

APN: 4032-006-041

California Los Angeles County Inglewood 90303

South Inglewood

Not Listed for Sale

MultiFamily

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