4236 West 102nd Street
4236 West 102nd Street
$588,000
3
3
1,510
1,510
$389
Closed 5/14/21
Description
We are pleased to present this Incredibly Rare Opportunity to purchase (3) Units in Inglewood, CA at under $220,000/Unit. With Direct Reference to the MLS, the Year 2021 has seen NO Triplexes in ALL of Inglewood that have either sold, or have been offered for sale, at any price under $240,000/Unit. This - coupled with the fact that the property is located within a half mile of SoFi Stadium, the Hollywood Park Development, and ALL the expansive development therein – should be a strong indicator of...We are pleased to present this Incredibly Rare Opportunity to purchase (3) Units in Inglewood, CA at under $220,000/Unit. With Direct Reference to the MLS, the Year 2021 has seen NO Triplexes in ALL of Inglewood that have either sold, or have been offered for sale, at any price under $240,000/Unit. This - coupled with the fact that the property is located within a half mile of SoFi Stadium, the Hollywood Park Development, and ALL the expansive development therein – should be a strong indicator of the immense value that’s be presented in this offering. In addition to its location, there are ample items to appreciate about the building itself. First, the building boasts a strong Unit Mix of (1) 2 Bed/1 Bath Unit, (1) 1 Bed/1 Bath, and (1) Studio. The 1 Bed/1 Bath unit has recently undergone considerable renovation, and is currently being rented at $1,575/mo. In all, the property is currently operating at a CAP Rate of 3.50%, with significant upside that represents a Pro Forma CAP Rate of 7.50%. From a Value Add Perspective, you will find there to be anywhere from 60%-80% of achievable upside in the Current, In Place Rents. This figure is supported – in large part – by the simple fact that this extraordinary amount of new development is, without question, poised to drive continued rent growth within the submarket in both the Immediate, and Long-Term Forecasts. Further, all (3) Units are Separately Metered for Gas & Electricity, and each is afforded (1) On-Site Parking Space. In total, the (3) Units stretch out to cover 1,510 RSF and sit on 5,818 SF of Highly-Coveted Land. The property is Fully Occupied and will be Delivered As-Is at the Close of Escrow.
- Listed by Joshua Barut • DRE #01971720 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc.
- Listed by Evelyn Baez Gonzalez • DRE #02103055 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc.
Property Details for 4236 West 102nd Street
View
None
Parking Spaces Total3
Private PoolNo
Cooling TypeN/K
Total Units3.0
Building TypeDetached
Lot Size SourceAssessor
Living Area1510
Location
LISTING UPDATED: 05/14/2021 12:32 PM
Property Details for 4236 West 102nd Street
Status | Closed |
---|---|
MLS # | SB21078942 |
Days on Market | 15 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1933 |
Lot Size | 0.13 AC / 5,818 SF |
County | Los Angeles County |
Location
Building Information for 4236 West 102nd Street
Stories1Residences-Year Built1933Building Size-Lot Size0.13 AC / 5,818 SF
Payment Calculator
$4,002 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 4236 West 102nd Street
Property History for 4236 West 102nd 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 4236 West 102nd Street
Taxable ValueLand$533,725Additions$78,030Total$611,755
Tax Record2023$9,517 ($793 / month)
Home Facts
Total Finished SqFt1,510 SqFtAbove Grade Finished SqFt1,510 SqFtLot Size5,818 SqFtStyleTriplexYear Built1933ZoningINR2YYCountyLOS ANGELESAPN4034-010-016
Schools near 4236 West 102nd Street
This home is within Lennox School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Dolores Huerta 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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