233 Stepney Street

Inglewood, CA 90302

$1,500,000
Last Sold Price
7
Beds
6
Baths
5,154 Sq. Ft.
$291 / Sq. Ft.
5,154
Sq. Ft.
$291
per Sq. Ft.

Description

233 Stepney Street is a 5-unit apartment building located in Inglewood, just a short distance to the Forum, future NFL stadium, and LAX. The building was built in 1969 and consists of 5,154 SF of living space on a 7,511 SF lot. 233 Stepney Street offers a great unit mix consisting of one (1) 3-bed/2.5-bath, four (4) 1-bed/1- bath. The building features on-site laundry, five carport parking spaces, and three tuck-under parking spaces. Located just two miles from the Inglewood multi-billion dollar...233 Stepney Street is a 5-unit apartment building located in Inglewood, just a short distance to the Forum, future NFL stadium, and LAX. The building was built in 1969 and consists of 5,154 SF of living space on a 7,511 SF lot. 233 Stepney Street offers a great unit mix consisting of one (1) 3-bed/2.5-bath, four (4) 1-bed/1- bath. The building features on-site laundry, five carport parking spaces, and three tuck-under parking spaces. Located just two miles from the Inglewood multi-billion dollar developments, 233 Stepney Street is an excellent investment opportunity for any investor seeking a hedge against inflation, stability, and long-term appreciation potential.
  1. Listed by Brett Lyon • DRE #01717818 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc.
  2. Listed by J.Woody Stahl • DRE #01399621 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc.

Property Details for 233 Stepney Street

Parking Spaces Total
8
Private Pool
No
Total Units
5.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
5154
Assessor Parcel Number
4016-015-016
Property Attached YN
true

Location

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Brett Lyon, DRE #01717818; Lyon Stahl Investment Real Estate, Inc., J.Woody Stahl, DRE #01399621

Sold By Premier Investors R.E., Inc., George Gorgy, DRE #01145543

Add your commute
LISTING UPDATED: 03/21/2023 08:04 AM

Property Details for 233 Stepney Street

StatusClosed
MLS #SB21022174
Days on Market142
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1969
CountyLos Angeles County

Location

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Brett Lyon, DRE #01717818; Lyon Stahl Investment Real Estate, Inc., J.Woody Stahl, DRE #01399621

Sold By Premier Investors R.E., Inc., George Gorgy, DRE #01145543

Add your commute

Virtual Tour

Building Information for 233 Stepney Street

Building/Complex233 Stepney StFloor-Stories-Residences-Pet Policy-Year Built1969Building Size-

Payment Calculator

$8,186 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,186

Property Taxes

—

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 233 Stepney Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $103,896
  • Gross Scheduled Income: $103,896
  • Net Operating Income: $58,995
  • Gross Multiplier: 17.13
  • Cap Rate: 3.31
  • Financing: Conventional
Expense Details
  • Operating Expense: $58,995
  • New Taxes Expense: $24,133
  • Gardener Expense: $1,200
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $2,062
  • Maintenance Expense: $3,117
  • Professional Management Expense: $5,195
  • Other Expense: $4,000
  • Other Expense Description: Utility
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $39,706
Tax / Assessment Info
  • Tax Block: 32
  • Tax Tract Number: 4350
  • Tax Census Tract: 6009.02
  • Tax Lot: 15
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Treed Lot
  • Number Of Units: 5
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Carport
  • Uncovered Spaces: 3
  • Open Other Spaces Total: 3
  • Parking Garage Spaces: 0
  • Carport Spaces: 5
  • Parking Features: Carport
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,714
  • Unit Type Total Rent: $2,714
  • Unit Type Pro Forma: 2875
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,290
  • Unit Type Total Rent: $1,290
  • Unit Type Pro Forma: 1695
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,559
  • Unit Type Total Rent: $1,559
  • Unit Type Pro Forma: 1695
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,400
  • Unit Type Total Rent: $1,400
  • Unit Type Pro Forma: 1695
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,695
  • Unit Type Total Rent: $1,695
  • Unit Type Pro Forma: 1695
  • Unit Type Type: 5
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1

Property History for 233 Stepney Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 233 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 - 6 to 8
Rating
School
Distance
Highland Elementary School
PublicK to 6

Crozier (George W.) Middle School
Public7 to 8

Inglewood 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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Brett Lyon, DRE #01717818; Lyon Stahl Investment Real Estate, Inc., J.Woody Stahl, DRE #01399621

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.