3856 West 111th Place

Inglewood, CA 90303

$1,195,000
Last Sold Price
6
Beds
5
Baths
3,100 Sq. Ft.
$385 / Sq. Ft.
3,100
Sq. Ft.
$385
per Sq. Ft.

Description

Welcome to this exceptional income property offering two spacious units, perfect for investors seeking a lucrative opportunity. Located in a highly sought-after area of Inglewood, this property boasts an excellent location near LAX airport, beautiful beaches, and the newly constructed SoFi stadium, promising increasing value in coming years. Key features Unit 1: Three bedrooms, two well-appointed bathrooms, convenient washer and dryer hook-ups within the unit. All in one level for easy accessibility....Welcome to this exceptional income property offering two spacious units, perfect for investors seeking a lucrative opportunity. Located in a highly sought-after area of Inglewood, this property boasts an excellent location near LAX airport, beautiful beaches, and the newly constructed SoFi stadium, promising increasing value in coming years. Key features Unit 1: Three bedrooms, two well-appointed bathrooms, convenient washer and dryer hook-ups within the unit. All in one level for easy accessibility. Unit 2: Another generously sized three bedroom unit, two and a half bathrooms, including master en suite. A dedicated laundry room within the unit for added convenience. Two-story layout Garage and Parking: Two separate garages each accommodating two cars, providing secure parking for you and/or your tenants. A long driveway perfect for guest or extra rental income. Location: Situated in a highly desirable area of Inglewood, known for its rising property values. Close proximity to LAX airport, making it convenient for travelers. Enjoy the nearby stunning beaches and coastal attractions. Benefit from the new SoFi stadium which promises to further boost property values in the area. Easy access to major highways, public transportation, and a range of near by shopping centers. This income property represents an excellent investment opportunity with two units and the potential for strong rental income. Whether you're an investor or looking into entering the real estate market, this property offers the potential for long-term growth and financial stability. Don't miss out on the chance to own a piece of Inglewood's promising future!
  1. Listed by Jamie Cabrera Giron • DRE #02198214 • Brokerage DRE #02211662 • Berkshire Hathaway HSCP • 424-374-6615

Property Details for 3856 West 111th Place

Parking Spaces Total
4
Private Pool
No
Total Units
2.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
3100
Assessor Parcel Number
4033-018-033
Property Attached YN
true

Location

Listing Courtesy of Berkshire Hathaway HSCP, Jamie Cabrera Giron, DRE #02198214

Sold By Vismar Real Estate, Roberto Rivas Cortes, DRE #01977243

Add your commute
LISTING UPDATED: 12/04/2023 06:40 AM

Property Details for 3856 West 111th Place

StatusClosed
MLS #SB23024853
Days on Market245
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1921
Lot Size0.15 AC / 6,643 SF
CountyLos Angeles County

Location

Listing Courtesy of Berkshire Hathaway HSCP, Jamie Cabrera Giron, DRE #02198214

Sold By Vismar Real Estate, Roberto Rivas Cortes, DRE #01977243

Add your commute

Building Information for 3856 West 111th Place

Stories1Residences-Year Built1921Building Size-Lot Size0.15 AC / 6,643 SF

Payment Calculator

$7,035 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,522

Property Taxes

$513

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3856 West 111th Place

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $60,000
  • Gross Scheduled Income: $60,000
  • Net Operating Income: $55,280
Expense Details
  • Operating Expense: $3,720
  • Insurance Expense: $1,200
  • Trash Expense: $480
  • Water Sewer Expense: $2,040
  • Total Expenses: $3,720
Tax / Assessment Info
  • Tax Tract Number: 1615
  • Tax Census Tract: 6020.03
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 258
Community / Development
Community / Development
  • Community Features: Curbs
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside
  • Heating Type: Floor Furnace
  • Heating: Floor Furnace
  • Heat Equipment: Floor Furnace
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Front Yard
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One, Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
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: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,400
  • Unit Type Total Rent: $2,400
  • Unit Type Pro Forma: 3500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,600
  • Unit Type Total Rent: $2,600
  • Unit Type Pro Forma: 3500
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1

Property History for 3856 West 111th Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 3856 West 111th Place

Taxable ValueLand$152,526Additions$294,703Total$447,229
Tax Record2023$6,154 ($513 / month)
Home Facts
Total Finished SqFt2,500 SqFtAbove Grade Finished SqFt2,500 SqFtStories1Lot Size6,643 SqFtStyleDuplexYear Built1921ZoningINR2YYCountyLOS ANGELESAPN4033-018-033

Schools near 3856 West 111th Place

This home is within Inglewood Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 7
Public - 6 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Bennett/Kew Elementary School
PublicK to 7

Monroe (Albert F.) Middle School
Public6 to 8

Morningside 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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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 Berkshire Hathaway HSCP, Jamie Cabrera Giron, DRE #02198214

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.