627 Hill Street

Inglewood, CA 90302

$1,235,000
Last Sold Price
2
Beds
3
Baths
1,294 Sq. Ft.
$954 / Sq. Ft.
1,294
Sq. Ft.
$954
per Sq. Ft.

Description

Attention investors, owner users, developers! We proudly present a single-family, investment property at 627 Hill St. in prime North Inglewood, California, two miles north of the excitement of SoFi Stadium and Hollywood Park. Rarely does an opportunity like this come on the market, move-in ready for an owner user who can later develop multiple units on an expansive, R3-zoned, 11,404sf lot and or for an investor capitalizing on high rents commanded by an ideal investment. This 2-bedroom plus den,...Attention investors, owner users, developers! We proudly present a single-family, investment property at 627 Hill St. in prime North Inglewood, California, two miles north of the excitement of SoFi Stadium and Hollywood Park. Rarely does an opportunity like this come on the market, move-in ready for an owner user who can later develop multiple units on an expansive, R3-zoned, 11,404sf lot and or for an investor capitalizing on high rents commanded by an ideal investment. This 2-bedroom plus den, 3-full bath home has 3 separate entrances, currently utilized as a 3-unit investment property through Airbnb long-term leasing. The current owner fully renovated the property in 2021 and has spent considerable time and resources to position it for maximum profitability on Airbnb and other rental platforms, optimizing operations to ensure high consumer satisfaction, positive reviews, and return leasing. A new investor won’t need to create a business plan. The investment opportunity suits both short-term and long-term capital deployment. Actual gross income for long term monthly leasing is about $96,000/year with a 5.83% CAP rate based on new tax! Inglewood is 5 miles east of LAX, 10 miles southwest of Downtown LA, and is home to SoFi Stadium, an entertainment and sports destination that is home to the Los Angeles Rams and the Los Angeles Chargers. It will host the College Football Championship Game in 2023 and the Opening/Closing Ceremonies of the Olympic Games in 2028. SoFi is the centerpiece of Hollywood Park, a 298-acre mixed-use development featuring retail, commercial office space, a hotel, residential units, and outdoor park spaces. A stadium shuttle from the Metro C Line goes directly to SoFi. Because of these attractions and its central location in metro Los Angeles with its proximity to LAX, beaches, and commerce, the Inglewood real estate market has experienced exponential growth the last few years. There is high demand for homes in Inglewood as investor sentiments for the area remain bullish, forecasting above average appreciation in property values.
  1. Listed by Judy Lin Young • DRE #01914120 • Brokerage DRE #02162487 • RubyHome Corporation • 626-215-4466
  2. Listed by Debbie Efthimos • DRE #02140981 • Brokerage DRE #01854035 • Keller Williams South Bay

Property Details for 627 Hill Street

View
Neighborhood
Parking Spaces Total
1
Private Pool
No
Cooling Type
Central Forced Air
Total Units
1.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
1294

Location

Listing Courtesy of RubyHome Corporation, Judy Lin Young, DRE #01914120; Keller Williams South Bay, Debbie Efthimos, DRE #02140981

Sold By Rodeo Realty- Brentwood, Yasmina Vahali, DRE #02193322

Add your commute
LISTING UPDATED: 08/31/2023 04:01 PM

Property Details for 627 Hill Street

StatusClosed
MLS #PF23043121
Days on Market72
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1951
Lot Size0.26 AC / 11,404 SF
CountyLos Angeles County

Location

Listing Courtesy of RubyHome Corporation, Judy Lin Young, DRE #01914120; Keller Williams South Bay, Debbie Efthimos, DRE #02140981

Sold By Rodeo Realty- Brentwood, Yasmina Vahali, DRE #02193322

Add your commute

Virtual Tour

Building Information for 627 Hill Street

Stories1Year Built1951Building Size-Lot Size0.26 AC / 11,404 SF

Payment Calculator

$7,952 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,740

Property Taxes

$1,212

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 627 Hill Street

Income / Expense / Tax Details
Income Details
  • Financing: Cash
Tax / Assessment Info
  • Tax Tract Number: 652
  • Tax Census Tract: 6013.02
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 190
Community / Development
Community / Development
  • Accessibility Features: 2+ Access Exits
  • Disability Access: 2+ Access Exits
  • Assessments YN: No
  • Assessments: None
  • Community Features: Curbs, Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Appliances: Freezer, Disposal, Gas & Electric Range, Gas Oven, Gas Range, Microwave, Refrigerator
  • Equipment: Disposal, Dryer, Microwave, Refrigerator, Washer, Freezer, Gas & Electric Range, Gas Oven, Gas Range
  • Interior Features: Built-in Features, Furnished, In-Law Floorplan, Quartz Counters, Recessed Lighting, Wet Bar
  • Room Type: All Bedrooms Down, Bonus Room, Converted Bedroom, Den, Entry, Kitchen, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Master Bedroom, Master Suite, Media Room, Office
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 2
  • Room Bathroom Features: Bathtub, Shower in Tub, Double sinks in bath(s), Exhaust fan(s), Main Floor Full Bath, Quartz Counters, Upgraded
  • Bedroom Features: All Bedrooms Down, Converted Bedroom, Main Floor Bedroom, Main Floor Master Bedroom, Master Bedroom, Master Suite
  • Room Kitchen Features: Remodeled Kitchen
  • Eating Area: Area, Breakfast Nook
  • Laundry: Yes
  • Laundry Features: Dryer Included, Electric Dryer Hookup, In Garage, Washer Hookup, Washer Included
  • Laundry Location: Garage
  • Laundry Utilities: Electric, Washer Hookup
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Fireplace: N/K
  • Cooling: Central Air
  • Heating Type: Central
  • Heating: Central
  • Heat Equipment: Forced Air Unit
  • Floor Coverings: Tile, Wood
  • Flooring: Tile, Wood
Exterior Features
  • Door Features: Sliding Doors
  • Window Features: Bay Window(s), Double Pane Windows, Drapes
  • Structure Type: House
  • Other Structures: Shed(s)
  • Property Condition: Additions/Alterations, Turnkey, Updated/Remodeled
  • Miscellaneous: Value in Land
  • Patio: Yes
  • Patio: Covered, Slab
  • Patio And Porch Features: Covered, Slab
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Sign on Property: Yes
  • Lot Features: Back Yard, Front Yard, Lawn, Lot 10000-19999 Sqft, Near Public Transit, Value In Land, Yard
  • Lease Considered: No
  • Available For Lease: No
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Sewer/Septic: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 1
  • Parking: Yes
  • Parking Garage: Driveway, Garage
  • Parking Non-Garage: Driveway
  • Parking Garage Spaces: 1
  • Parking Garage: Garage
  • Carport Spaces: 0
  • Attached Garage: Yes
  • Parking Features: Driveway, Garage
Property / Structure Info
  • Residential Styles: Detached
  • Residential Unit Location: No Common Walls

Property History for 627 Hill 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 627 Hill Street

Taxable ValueLand$897,600Additions$224,400Total$1,122,000
Tax Record2023$14,539 ($1,212 / month)
Home Facts
Beds2Total Finished SqFt1,294 SqFtAbove Grade Finished SqFt1,294 SqFtStories1Lot Size11,404 SqFtStyleSingle Family ResidenceYear Built1951ZoningINR3YYCountyLOS ANGELESAPN4017-003-004

Schools near 627 Hill Street

This home is within Inglewood Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Charter - K to 8
Public - 9 to 12
Charter - K to 5
Rating
School
Distance
Parent (Frank D.) Elementary School
PublicK to 8

Inglewood High School
Public9 to 12

Wilder's Preparatory Academy Charter
CharterK to 5

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 RubyHome Corporation, Judy Lin Young, DRE #01914120; Keller Williams South Bay, Debbie Efthimos, DRE #02140981

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.