3935 West 108th Street

Inglewood, CA 90303

$1,685,000
Last Sold Price
12
Beds
5
Baths
4,717 Sq. Ft.
$357 / Sq. Ft.
4,717
Sq. Ft.
$357
per Sq. Ft.

Description

Clean & well maintained 4-Unit property at a GRM of 13 on current rents within the heart of South Inglewood's $5 billion downtown development project! 3 of 4 units recently updated with stable tenants and rent increases for 2022 already in place including a ratio utility billing system (RUBS). Additional upside on the 4th unit & two 2-car garages for even more value-add through potential ADU conversion(s). Many capital improvements including three recently renovated units with updated kitchens, bathrooms,...Clean & well maintained 4-Unit property at a GRM of 13 on current rents within the heart of South Inglewood's $5 billion downtown development project! 3 of 4 units recently updated with stable tenants and rent increases for 2022 already in place including a ratio utility billing system (RUBS). Additional upside on the 4th unit & two 2-car garages for even more value-add through potential ADU conversion(s). Many capital improvements including three recently renovated units with updated kitchens, bathrooms, flooring, lighting & ceiling fans. New exterior paint and retrofitted with new windows, split HVAC units & upgraded electrical panel through the City of Inglewood's residential sound insulation program. Investors benefit from a high income producing property boasting extra large units in one of the LA's most rapidly developing communities within close proximity to SoFi stadium, Intuit Dome NBA arena, and Hollywood Park retail & residential complexes. Plenty of nearby freeway access and public transportation including the $1.4B Inglewood Transit Connector Project (ITC) between the Metro Crenshaw/LAX Line & downtown major event centers. This incredible rental market is perfect for investors who enjoy low vacancy rates, high market rental rates, and strong long-term appreciation. This easy to own asset is a great addition to any portfolio!
  1. Listed by Jeffrey Isenberg • DRE #02059354 • Brokerage DRE #01914434 • Buckingham Investments, Inc

Property Details for 3935 West 108th Street

View
None
Parking Spaces Total
6
Private Pool
No
Cooling Type
Central Forced Air
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4717

Location

Listing Courtesy of Buckingham Investments, Inc, Jeffrey Isenberg, DRE #02059354

Sold By Keystone Realty Group, Samir Rai, DRE #01868728

Add your commute
LISTING UPDATED: 06/10/2022 07:36 AM

Property Details for 3935 West 108th Street

StatusClosed
MLS #SB22092878
Days on Market8
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1961
Lot Size0.17 AC / 7,527 SF
CountyLos Angeles County

Location

Listing Courtesy of Buckingham Investments, Inc, Jeffrey Isenberg, DRE #02059354

Sold By Keystone Realty Group, Samir Rai, DRE #01868728

Add your commute

Building Information for 3935 West 108th Street

Stories-Residences-Year Built1961Building Size-Lot Size0.17 AC / 7,527 SF

Payment Calculator

$11,220 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,196

Property Taxes

$2,024

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3935 West 108th Street

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $128,304
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $124,455
  • Net Operating Income: $83,385
  • Current Financing: Conventional
  • Financing: Conventional
Expense Details
  • Operating Expense: $41,070
  • Operating Expense Percent: 33.00%
  • Insurance Expense: $1,600
  • Trash Expense: $1,236
  • Water Sewer Expense: $2,568
  • Total Expenses: $5,404
Tax / Assessment Info
  • Tax Tract Number: 1631
  • Tax Census Tract: 6019.00
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 618
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Buyer to Verify, Unknown
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Appliances: Gas Oven, Gas Range, Microwave, Range Hood
  • Equipment: Community, Garage, Gas Or Electric Dryer Hookup, Laundry Area, Microwave
  • Interior Features: Ceiling Fan(s), Granite Counters, Tile Counters
  • Laundry: Yes
  • Laundry Features: Common Area, Community, Gas & Electric Dryer Hookup, In Garage
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Cooling: Central Air
  • Heating Type: Central
  • Heating: Central
  • Flooring: Laminate, Tile
Exterior Features
  • Roof: Composition, Shingle
  • Fence: Yes
  • Fence: Wrought Iron
  • Fencing: Block, Wrought Iron
  • Foundation Details: Raised
  • Other Structures: Second Garage Attached
  • Property Condition: Updated/Remodeled
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking: Yes
  • Parking Garage: Assigned
  • Uncovered Spaces: 2
  • Open Other Spaces Total: 2
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
  • Parking Features: Assigned
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $3,469
  • Unit Type Total Rent: $3,469
  • Unit Type Pro Forma: 3816
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $3,143
  • Unit Type Total Rent: $3,143
  • Unit Type Pro Forma: 3457
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,650
  • Unit Type Total Rent: $2,650
  • Unit Type Pro Forma: 2895
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,430
  • Unit Type Total Rent: $1,430
  • Unit Type Pro Forma: 2095
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Property History for 3935 West 108th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 3935 West 108th Street

Taxable ValueLand$1,224,000Additions$494,700Total$1,718,700
Tax Record2023$24,288 ($2,024 / month)
Home Facts
Total Finished SqFt4,717 SqFtAbove Grade Finished SqFt4,717 SqFtLot Size7,527 SqFtStyleQuadraplexYear Built1961ZoningINP1YYCountyLOS ANGELESAPN4032-024-016

Schools near 3935 West 108th Street

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

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.

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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 Buckingham Investments, Inc, Jeffrey Isenberg, DRE #02059354

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.