228 Stepney Street
228 Stepney Street
$2,848,000
20
15
7,464
7,464
$382
Sold 5/26/23
Description
Huge 200k Price Reduction! Once-in-lifetime opportunity to acquire a 100% Vacant, 9 Unit building with 4 RTI ADUs (under construction) priced at only 276k/door in PrimeNorthwest Inglewood. Incredible current Cap Rate of 7% and 10.9 GRM after renovations. All vacant units are under renovation so buyers can complete them to their own taste and finishes and get top market rents. (Most of the rough construction and heavy lifting have been done). Excellent up-and-coming Inglewood location minutes from...Huge 200k Price Reduction! Once-in-lifetime opportunity to acquire a 100% Vacant, 9 Unit building with 4 RTI ADUs (under construction) priced at only 276k/door in PrimeNorthwest Inglewood. Incredible current Cap Rate of 7% and 10.9 GRM after renovations. All vacant units are under renovation so buyers can complete them to their own taste and finishes and get top market rents. (Most of the rough construction and heavy lifting have been done). Excellent up-and-coming Inglewood location minutes from the Rams Stadium, Forum, Culver City, and Playa Vista. Individually metered for Gas & Electricity. Approved Plans to convert the garages to 2 attached ADUs and a portion of the carport to 2 detached ADUs for a total of 4 ADUs. Price/Unit, Cap Rate, & GRM are based on Total Price for sake of conservatism, which includes the remaining construction costs of 4 RTI ADUs 1,000 SF at 200/SF (200k).
- Listed by Julio Ruiz • DRE #01911261 • Brokerage DRE #01911261 • Global Platinum Properties, Inc.
Property Details for 228 Stepney Street
Zoning
INR3YY
StyleTraditional
Parcel Number4016017012
Total Units13.0
Living Area7464
Source Living AreaOwner
AreaNorth Inglewood (101)
Vacancy Rate100
Location
LISTING UPDATED: 05/30/2023 11:25 AM
Property Details for 228 Stepney Street
Status | Sold |
---|---|
MLS # | 23-236697 |
Days on Market | 420 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1962 |
Lot Size | 0.23 AC / 10,012 SF |
County | Los Angeles County |
Location
Building Information for 228 Stepney Street
Stories2Residences-Year Built1962Building Size-Lot Size0.23 AC / 10,012 SF
Payment Calculator
$18,070 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 228 Stepney Street
Property History for 228 Stepney Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 228 Stepney Street
Taxable ValueLand$1,144,440Additions$1,066,276Total$2,210,716
Tax Record2023$30,330 ($2,527 / month)
Home Facts
Total Finished SqFt6,464 SqFtAbove Grade Finished SqFt6,464 SqFtLot Size10,012 SqFtStyleMulti-Family Res (5+ Units)Year Built1962ZoningINR3YYCountyLOS ANGELESAPN4016-017-012
Schools near 228 Stepney Street
This home is within Inglewood Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 | |||
Charter - | K to 5 |
Rating | School | Distance |
---|---|---|
Highland Elementary School PublicK to 6 | ||
Crozier (George W.) Middle School Public7 to 8 | ||
Inglewood High School Public9 to 12 | ||
Wilder's Preparatory Academy Charter CharterK to 5 |
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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