Michelle Esquivel
michelle@michellehomesellingteam.com
Michelle Esquivel
michelle@michellehomesellingteam.com5,497 Sqft Lot
5,497 Sqft Lot
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB24190280
Construction Status Additions/Alterations,Updated/Remodeled
HOA Y/N No
Year Built 1928
Annual Tax Amount $9,079
Tax Year 2023
Lot Size 5,497 Sqft
Lot Dimensions Public Records
Property Description
This income producing property showcases 4 units: 1 - 2bd/1b, 2 - 1bed/1bath and 1 - studio; 6 parking spaces.
A comparative market analysis reveals the exceptional value of this property within the thriving Inglewood market. Recent closed listings like the one at 558 E Hyde Park Boulevard demonstrate a skyrocketing value, closing at $1,430,000 with an adjusted price of $1,030,000. The average of active listings in the area sits at $1,166,483, a testament to the desirability of income properties in this locale. Current owner carries a 10.75 ROI which he manages himself. The average CAP Rate for the area is approximately 5.58% - 6.46%. Implementing a RUB System for utilities, charging for coveted parking, pet fees and bring rents closer or to market will bring in an additional $11,248 annual income. HUGE UPSIDE.
Surrounded by a trendy neighborhood with easy access to local attractions, fine dining, and entertainment options, this property presents a lucrative investment opportunity for an owner user and/or investor.
Take advantage of this hot market and secure a piece of a California lucrative income opportunity at 4324 - 4326 West 105th Street, Inglewood, before it's gone! Email or direct message me for more information.
Location
State CA
County Los Angeles
Area 105 - Lennox
Zoning LCR2YY
Interior
Interior Features Ceiling Fan(s), Storage, Unfurnished, All Bedrooms Down
Heating Wall Furnace
Cooling None
Flooring Carpet, Laminate, Tile
Fireplaces Type None
Fireplace No
Appliance Water Heater
Laundry Washer Hookup, Gas Dryer Hookup, Inside, Outside
Exterior
Garage Assigned, Concrete, Driveway Level, Driveway, One Space, Uncovered
Fence Chain Link, Fair Condition
Pool None
Community Features Street Lights, Sidewalks
Utilities Available Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
View Y/N No
View None
Roof Type Shingle
Accessibility Low Pile Carpet, Parking, Accessible Doors, Accessible Hallway(s)
Parking Type Assigned, Concrete, Driveway Level, Driveway, One Space, Uncovered
Total Parking Spaces 6
Private Pool No
Building
Lot Description 2-5 Units/Acre, Front Yard, Paved
Faces North
Story 1
Entry Level One
Foundation Concrete Perimeter, Raised, Slab
Sewer Public Sewer
Water Public
Architectural Style Contemporary
Level or Stories One
New Construction No
Construction Status Additions/Alterations,Updated/Remodeled
Others
Senior Community No
Tax ID 4034024015
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Cash, Cash to New Loan, Submit
Listing Terms Cash, Cash to New Loan, Submit
Special Listing Condition Standard
michelle@michellehomesellingteam.com
515 S Myrtle Ave, Monrovia, CA, 91016, USA