10614 South Osage Avenue
10614 South Osage Avenue
Closed 6/18/21
Closed 6/18/21
Description
With an Inglewood address in close proximity to all of the new restaurants and businesses that came on the heels of the new stadium, this meticulously maintained five unit property is a great turnkey option for any investor. Four units are newly remodeled. Two buildings have new roofs and all of the landscaping has been recently reimagined. Four of the five are currently tenant occupied leaving one unit ready to be owner occupied...5 Unit investment property located only six blocks from SOFi stadium!
With an Inglewood address in close proximity to all of the new restaurants and businesses that came on the heels of the new stadium, this meticulously maintained five unit property is a great turnkey option for any investor. Four units are newly remodeled. Two buildings have new roofs and all of the landscaping has been recently reimagined. Four of the five are currently tenant occupied leaving one unit ready to be owner occupied or filled taking advantage of current market rental values. Situated on a more than 10,000 square foot lot, the stunning curb appeal makes these units highly sought after by renters and all come with the convenience of a private garage not to mention six additional parking spaces on the property.
With a 4.4 cap rate, this is a great opportunity for an investor looking for a well maintained property in a thriving market!
Listing Agents
![Loren Anderson]()
loren.anderson@compass.comP: 626.325.8186
![Amy Pace]()
amy.pace@compass.comP: 626.379.9039
Property Details for 10614 South Osage Avenue
Location
Sold By RE/MAX Alliance Group, Noe Blanco, DRE #01787137
Property Details for 10614 South Osage Avenue
| Status | Closed |
|---|---|
| MLS # | PF21091321 |
| Days on Market | 15 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1949 |
| Lot Size | 0.24 AC / 10,414 SF |
| County | Los Angeles County |
Location
Sold By RE/MAX Alliance Group, Noe Blanco, DRE #01787137
Building Information for 10614 South Osage Avenue
Payment Calculator
$9,269 per month
30 year fixed, 7.25% Interest
$7,368
$1,901
$0
Property Information for 10614 South Osage Avenue
- Tenant Pays: Cable TV, Electricity, Gas
- Gross Income: $73,680
- Gross Scheduled Income: $73,680
- Gross Operating Income: $73,680
- Net Operating Income: $53,030
- Gross Multiplier: 16.28
- Cap Rate: 4.4
- Financing: Cash To New Loan
- Operating Expense: $20,650
- New Taxes Expense: $15,000
- Insurance Expense: $2,500
- Maintenance Percent: 5.00%
- Professional Management Expense: $0
- Trash Expense: $1,150
- Water Sewer Expense: $2,000
- Total Expenses: $20,650
- Tax Tract Number: 5221
- Tax Census Tract: 6018.02
- Tax Lot: 29
- Assessments YN: Yes
- Assessments: Unknown
- Community Features: Curbs, Sidewalks, Street Lights
- Laundry: Yes
- Laundry Features: Inside
- Heating: Central
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Lot Features: Lot 10000-19999 Sqft
- Number Of Units: 5
- Levels: Two
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 5
- Parking: Yes
- Parking Garage: Driveway, Garage
- Parking Garage Spaces: 5
- Carport Spaces: 0
- Parking Features: Driveway, Paved, Garage
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $950
- Unit Type Total Rent: $950
- Unit Type Pro Forma: 1400
- Unit Type Type: 1
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $1,030
- Unit Type Total Rent: $1,030
- Unit Type Pro Forma: 1400
- Unit Type Type: 2
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $1,060
- Unit Type Total Rent: $1,060
- Unit Type Pro Forma: 1400
- Unit Type Type: 3
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $0
- Unit Type Total Rent: $0
- Unit Type Pro Forma: 1500
- Unit Type Type: 4
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $1,600
- Unit Type Total Rent: $1,600
- Unit Type Pro Forma: 2000
- Unit Type Type: 5
- Number Of Units Leased: 4
- Rent Controlled: Yes
- Number Of Buildings: 3
- Number Of Separate Electric Meters: 5
- Number Of Separate Gas Meters: 5
- Number Of Separate Water Meters: 1
- Number With Range: 5
- Number With Refrigerator: 5
Property History for 10614 South Osage Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 10614 South Osage Avenue
Schools near 10614 South Osage Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Moffett Elementary School PublicK to 5 | ||
Lennox Middle School Public6 to 8 | ||
Lawndale High School Public9 to 12 | ||
Leuzinger 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.
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Listing Courtesy of COMPASS, Loren Anderson, DRE #02006080; COMPASS, Amy Pace, DRE #01939929
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.