NOT LISTED FOR SALE

7116 S La Cienega Blvd Unit 4 Inglewood, CA 90302

North Inglewood Neighborhood

Estimated Value: $1,183,000 - $1,373,000

8 Beds
6 Baths
3,648 Sq Ft
$343/Sq Ft Est. Value

Sale Details

Date Sold: June 28, 2019

Last sale price $1,000,000 $274 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $8,039 / mo

86 Days on Market

About This Home

As of June 2019

75 PRICE REDUCTION" "BACK ON THE MARKET" Buyer failed to perform, Great Opportunity!!!! This is one of the best investment opportunities in all of Inglewood. This well maintained building sits on a large 6,458 square foot lot in a great location just minutes away from world-class shopping, fine dining, The Forum, entertainment, the new Ram’s Stadium that is under construction, and Manhattan Beach. Here are a few of its other features: A total of approximately 3,648 square feet of living space, Two 3 bedroom, 1½ bath units; One is vacant and ready to move into, Two 1 bedroom, 1 bath units, Each unit has its own gas, electric and water heaters, Most of the windows have been upgraded to double pane, All the plumbing was upgrade it to copper, Community coin laundry room, With its detached garage and triple wide carport there is plenty of secure off street parking, Great way to underwrite your mortgage by living in one and renting the others, Call now for all the details and I’ll gladly arrange a private tour.

Last Agent to Sell the Property

Ramon Castro

Park Regency Realty License #01459682 Listed on: 01/15/2019

Park Regency Realty

Last Buyer's Agent

Ramon Castro

Park Regency Realty License #01459682 Listed on: 01/15/2019

Park Regency Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 6,422 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 1 Car Garage
  • 3 Carport Spaces

Home Design

  • 3,648 Sq Ft Home
  • Apartment

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Additional Features

  • Laundry in Carport
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 7,8
  • Tax Tract Number 18340
  • Assessor Parcel Number 4017020047

Community Details

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $540
  • Insurance Expense $1,480
  • Trash Expense $950
  • Water Sewer Expense $1,990
  • New Taxes Expense $16,500
  • Operating Expense $21,460
  • Gross Income $71,400
  • Net Operating Income $69,440

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

6,422 Sq Ft Lot

Parking

1

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1990.00
  • Zoning: INR3YY
  • Property Type: Residential Income
  • Parcel Number: 4017020047
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 274.12

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 3.00
  • Garage Spaces: 1.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community, In Carport
  • Sewer: Public Sewer
  • Trash Expense: 950.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6422.00
  • Lot Size Acres: 0.1474

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 540.00
  • Gross Income: 71400.00
  • Gross Scheduled Income: 74400.00
  • Insurance Expense: 1480.00
  • Lot Size Area: 6422.0000 Square Feet
  • Net Operating Income: 69440.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 4960.00
  • Rent Control: No
  • Total Expenses: 21460.00

Tax Info

  • New Taxes Expense: 16500.00
  • Tax Census Tract: 6013.02
  • Tax Lot: 7,8
  • Tax Tract Number: 18340

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2019
Closed on
May 13, 2019
Sold by
Bought by
Seller's Agent
Ramon Castro
Park Regency Realty
Buyer's Agent
Ramon Castro
Park Regency Realty
List Price
$1,099,900
Sold Price
$1,000,000
Premium/Discount to List
-$99,900
-9.08%
Current Estimated Value
$1,249,605

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$249,605
Avg. Annual Appreciation
3.24%

Purchase Details

Closed on
Jan 24, 2013
Sold by
Bought by

Purchase Details

Closed on
May 23, 1998
Sold by
Bought by

Purchase Details

Closed on
Oct 9, 1996
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,350
Interest Rate
7.88%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 20, 1995
Sold by
Bought by
Source: Public Records

Range of Values:

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,000,000 None Available
-- None Available
-- None Available
-- --
$165,000 Benefit Land Title Company
$188,048 Fidelity National Title Ins
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $161,350
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/28/2019 06/28/19 Sold $1,000,000 -9.1% $274 / Sq Ft
04/11/2019 04/11/19 Pending -- -- --
01/15/2019 01/15/19 For Sale $1,099,900 -- $302 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $15,631 $1,115,514 $892,413 $223,101
2024 $14,580 $1,093,642 $874,915 $218,727
2023 $14,427 $1,072,199 $857,760 $214,439
2022 $14,699 $1,051,177 $840,942 $210,235
2021 $14,564 $1,030,566 $824,453 $206,113
2019 $9,546 $267,677 $160,609 $107,068
2018 $4,204 $262,429 $157,460 $104,969
2016 $3,956 $252,241 $151,347 $100,894
2015 $3,917 $248,453 $149,074 $99,379
2014 $3,927 $243,587 $146,154 $97,433
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2019

    Ramon Castro

    Park Regency Realty

    (818) 672-8001

    21 Total Sales

    Ramon Castro
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR19010595

California Regional Multiple Listing Service (CRMLS)

APN: 4017-020-047

California Los Angeles County Inglewood 90045 North Inglewood

7116 S La Cienega Blvd Unit 4, Inglewood, CA

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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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