4236 West 102nd Street

Inglewood, CA 90304

$588,000
Last Sold Price
3
Beds
3
Baths
1,510 Sq. Ft.
$389 / Sq. Ft.
1,510
Sq. Ft.
$389
per Sq. Ft.

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.
  1. Listed by Joshua Barut • DRE #01971720 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc.
  2. 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 Total
3
Private Pool
No
Cooling Type
N/K
Total Units
3.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
1510

Location

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Joshua Barut, DRE #01971720; Lyon Stahl Investment Real Estate, Inc., Evelyn Baez Gonzalez, DRE #02103055

Sold By Real Estate Source, Inc., Mark Wong, DRE #02114886

Add your commute
LISTING UPDATED: 05/14/2021 12:32 PM

Property Details for 4236 West 102nd Street

StatusClosed
MLS #SB21078942
Days on Market15
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1933
Lot Size0.13 AC / 5,818 SF
CountyLos Angeles County

Location

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Joshua Barut, DRE #01971720; Lyon Stahl Investment Real Estate, Inc., Evelyn Baez Gonzalez, DRE #02103055

Sold By Real Estate Source, Inc., Mark Wong, DRE #02114886

Add your commute

Building Information for 4236 West 102nd Street

Stories1Residences-Year Built1933Building Size-Lot Size0.13 AC / 5,818 SF

Payment Calculator

$4,002 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,209

Property Taxes

$793

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4236 West 102nd Street

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $36,540
  • Gross Scheduled Income: $36,540
  • Vacancy Allowance: 1842
  • Vacancy Allowance Rate: 5
  • Gross Operating Income: $35,226
  • Net Operating Income: $20,841
  • Gross Multiplier: 17.64
  • Cap Rate: 3.21
  • Current Financing: None
  • Financing: Cash
Expense Details
  • Operating Expense: $14,385
  • New Taxes Expense: $8,236
  • Insurance Expense: $604
  • Maintenance Expense: $1,105
  • Maintenance Percent: 3.00%
  • Trash Expense: $480
  • Water Sewer Expense: $1,800
  • Total Expenses: $14,385
Tax / Assessment Info
  • Tax Tract Number: 7002
  • Tax Census Tract: 6018.01
  • Tax Lot: 4
Community / Development
Community / Development
  • Accessibility Features: None
  • Disability Access: None
  • Assessments YN: No
  • Assessments: None
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Appliances: None
  • Equipment: None
  • Laundry: No
  • Laundry Features: None
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating Type: None
  • Heating: None
  • Heat Equipment: N/K
Exterior Features
  • Roof: Shingle
  • Fence: No
  • Fence: None
  • Fencing: None
  • Foundation Details: Raised
  • 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: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Sewer: Public Sewer
  • Utilities: None
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Driveway, Parking Space
  • Uncovered Spaces: 3
  • Open Other Spaces Total: 3
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Driveway, Paved, Parking Space
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $750
  • Unit Type Total Rent: $750
  • Unit Type Pro Forma: 2450
  • 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 Garage Attached: No
  • Unit Type Actual Rent: $1,575
  • Unit Type Total Rent: $1,575
  • Unit Type Pro Forma: 1850
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $720
  • Unit Type Total Rent: $720
  • Unit Type Pro Forma: 1395
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 3
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1

Property History for 4236 West 102nd 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 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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

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., Joshua Barut, DRE #01971720; Lyon Stahl Investment Real Estate, Inc., Evelyn Baez Gonzalez, DRE #02103055

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.