10506 South Inglewood Avenue

Inglewood, CA 90304

$4,700,000
Last Sold Price
32
Beds
32
Baths
15,834 Sq. Ft.
$297 / Sq. Ft.
15,834
Sq. Ft.
$297
per Sq. Ft.

Description

This is to be sold together with 10514 S Inglewood Ave for a total list price of $4,850,000. The APNs are 4036-030-009 and 4036-030-012. They will not be sold separately Great investment opportunity at 10506-10516 South Inglewood Avenue! 5 units vacant, possibly more! The property contains (4) buildings spread across two separate APN's making for (2) 8 unit buildings per APN. There are (32) total units, all of which are 1 bedroom + 1 bathroom unit mixes. The property offers 26 parking spots in a...This is to be sold together with 10514 S Inglewood Ave for a total list price of $4,850,000. The APNs are 4036-030-009 and 4036-030-012. They will not be sold separately Great investment opportunity at 10506-10516 South Inglewood Avenue! 5 units vacant, possibly more! The property contains (4) buildings spread across two separate APN's making for (2) 8 unit buildings per APN. There are (32) total units, all of which are 1 bedroom + 1 bathroom unit mixes. The property offers 26 parking spots in a back lot as well as street parking in front. The Owners have added value through the County of Los Angeles LAWA Residential Sound insulation program, the addition of 32 carrier HVAC's, as well as sound insulation for the roof. They have replaced the doors with Noise rated doors and replaced all the windows with double pane windows. The Owners also replaced the electrical panels for all32 units. With a location in the 90304 zip code area, the property has access to numerous restaurants on Imperial Highway as well as Lennox Park just south of the property. Chase assumable loan fixed until 10/1/2025 on $1,665,179 at4.6
  1. Listed by Stephen F. Watson • DRE #01187813 • Brokerage DRE #00752861 • Keller Williams Realty Downey
  2. Listed by Michael R. Fukushima • DRE #01380445 • Brokerage DRE #00752861 • Keller Williams Realty Downey

Property Details for 10506 South Inglewood Avenue

Zoning
LCC2YY
Parcel Number
4036030012
Total Units
32.0
Living Area
15834
Source Living Area
Assessor
Area
Lennox (105)
Vacancy Rate
15.625%
Lot Size Area
20836
LISTING UPDATED: 10/29/2024 04:05 PM

Property Details for 10506 South Inglewood Avenue

StatusSold
MLS #24-346303
Days on Market134
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1957
Lot Size0.48 AC / 20,836 SF
CountyLos Angeles County

Building Information for 10506 South Inglewood Avenue

Stories2Residences-Year Built1957Building Size-Lot Size0.48 AC / 20,836 SF

Property Information for 10506 South Inglewood Avenue

Community / Development
Community / Development
  • Number Of Units: 32
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: 1+1s
  • Security Features: Resident Manager, Gated
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $472,287
  • Net Operating Income: $301,463.00
  • Gross Income: $4,200
  • Cap Rate: 6.20%
  • Gross Rent Multiplier: $10.27
  • Actual Annual Gross Rent: $472,287.00
  • Actual Gross Annual Income: $472,287
  • Laundry Income: $4,200
  • Total Annual Expense: 170824
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2393
  • Lot Size Square Feet: 20836
Parking Details
Parking Details
  • Parking Garage: Unassigned, Uncovered
  • Total Parking: 13
  • Parking Features: Unassigned, Uncovered
Interior Features
Interior Features
  • Levels: Multi/Split, Two
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Refrigerator, Range/Oven
  • Common Walls: Attached
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-10-2024
  • Tenant Pays: Interior Maint
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,219.00
  • Unit Actual Rent: $472,287.00
  • Unit Projected Rent: $633,600.00
  • Like Units: 32
Unit Details
  • Unit Type Type: 2106
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $270,908.00
  • Assessed Improvement Percent: 20.0
  • Assessed Land Value: $1,083,652.00
  • Assessed Land Percent: 80
  • Assessed Total Value: $1,354,560.00

Property History for 10506 South Inglewood Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 10506 South Inglewood Avenue

Taxable ValueLand$1,105,325Additions$276,326Total$1,381,651
Tax Record2024$30,984 ($2,582 / month)
Home Facts
Total Finished SqFt7,912 SqFtAbove Grade Finished SqFt7,912 SqFtLot Size10,422 SqFtStyleMulti-Family Res (5+ Units)Year Built1957ZoningLCC2YYCountyLOS ANGELESAPN4036-030-012

Schools near 10506 South Inglewood Avenue

This home is within Lennox School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Jefferson Elementary School
PublicK to 5

Lennox Middle School
Public6 to 8

Lawndale High School
Public9 to 12

Hawthorne High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty Downey, Stephen F. Watson, DRE #01187813; Keller Williams Realty Downey, Michael R. Fukushima, DRE #01380445

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.