632 Walnut Street

Inglewood, CA 90301

$2,345,000
Last Sold Price
11
Beds
10
Baths
8,524 Sq. Ft.
$275 / Sq. Ft.
8,524
Sq. Ft.
$275
per Sq. Ft.

Description

Located within 1 Mile of The Forum & the Upcoming NFL Ram's Stadium -Centrally Located Near LAX Airport, Crenshaw/LAX Metro Station & Hollywood Park Development -Remodeled Three-Bedroom Owner's Unit with Fireplace & Washer/Dryer Hook-Ups -Gated Building with Pool, Partial Copper Plumbing, Nine Parking Spaces, & On-Site Laundry Facility -New Roof with Warranty, Done by Permit in 2019 -Four Remodeled Units & Almost All Units Have Balconies -Over 31% in Rental Upside -5.29% Pro-Forma Cap Rate & 12.67...Located within 1 Mile of The Forum & the Upcoming NFL Ram's Stadium -Centrally Located Near LAX Airport, Crenshaw/LAX Metro Station & Hollywood Park Development -Remodeled Three-Bedroom Owner's Unit with Fireplace & Washer/Dryer Hook-Ups -Gated Building with Pool, Partial Copper Plumbing, Nine Parking Spaces, & On-Site Laundry Facility -New Roof with Warranty, Done by Permit in 2019 -Four Remodeled Units & Almost All Units Have Balconies -Over 31% in Rental Upside -5.29% Pro-Forma Cap Rate & 12.67 Pro-Forma GRM
  1. Listed by Jonathan Nikfarjam • DRE #01856803 • Brokerage DRE #01856803 • Shield CRE, Inc.

Property Details for 632 Walnut Street

Zoning
INR3YY
Cross Streets
Walnut Street & Hillcrest Boulevard
Parcel Number
4022027010
Total Units
9.0
Living Area
8524
Source Living Area
Estimated
Area
North Inglewood (101)
Vacancy Rate
5%

Location

Listing Courtesy of Shield CRE, Inc., Jonathan Nikfarjam, DRE #01856803

Sold By Coldwell Banker Realty, Linda Light, DRE #00786737

Add your commute
LISTING UPDATED: 10/02/2019 05:29 PM

Property Details for 632 Walnut Street

StatusSold
MLS #19-477800
Days on Market110
Taxes$34,930 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1962
Lot Size0.26 AC / 11,532 SF
CountyLos Angeles County

Location

Listing Courtesy of Shield CRE, Inc., Jonathan Nikfarjam, DRE #01856803

Sold By Coldwell Banker Realty, Linda Light, DRE #00786737

Add your commute

Building Information for 632 Walnut Street

Stories2Residences-Year Built1962Building Size-Lot Size0.26 AC / 11,532 SF

Payment Calculator

$15,708 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,798

Property Taxes

$2,911

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 632 Walnut Street

Community / Development
Community / Development
  • Number Of Units: 9
Structure Info
Structure Info
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 3 Bd, 1 Bd
  • Water Heaters: Yes
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $143,982
  • Net Operating Income: $87,420.00
  • Gross Income: $151,560
  • Cap Rate: 3.50%
  • Gross Rent Multiplier: $16.65
  • Actual Annual Gross Rent: $149,880.00
  • Actual Gross Annual Income: $151,560
  • Laundry Income: $1,680
  • Actual Rent Total: $143,982.00
  • Vacancy Allow Dollar: $7,578.00
  • Vacancy Allow Percent: 5.00%
  • Total Annual Expense: 56646
  • Pool Expense: $1,800.00
  • Water Expense: $7,200.00
  • Gas Expense: $1,620
  • Electric Expense: $2,040.00
  • Other Expense: $1,800.00
  • Tax Expense: $34,930
  • Gardener Expense: $720
  • Insurance Expense: $3,836
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Paved: Yes
  • Lot Size Square Feet: 11532
  • Geocode Override: 0.0
Parking Details
Parking Details
  • Parking Garage: Covered Parking
  • Total Parking: 9
  • Parking Features: Covered
Interior Features
Interior Features
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling: See Remarks
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
  • Laundry: See Remarks
Exterior Features
Exterior Features
  • Pool: No
  • Tennis: No
Lease Terms
Lease Terms
  • Entry Date: 06-13-2019
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,495.00
  • Unit Actual Rent: $2,495.00
  • Unit Projected Rent: $2,850.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,249.00
  • Unit Actual Rent: $9,992.00
  • Unit Projected Rent: $13,560.00
  • Like Units: 8
Unit Details
  • Unit Type Type: 2106, 2107
  • Number of Electric Meters: 9
  • Number of Gas Meters: 9
Tax and Assessed Info
Tax and Assessed Info
  • Tax Percent: 1.40%
  • Assessed Improvement Value: $226,328.00
  • Assessed Land Value: $72,241.00

Property History for 632 Walnut 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 632 Walnut Street

Taxable ValueLand$2,102,356Additions$362,655Total$2,465,011
Tax Record2023$33,682 ($2,807 / month)
Home Facts
Total Finished SqFt8,524 SqFtAbove Grade Finished SqFt8,524 SqFtLot Size11,532 SqFtStyleMulti-Family Res (5+ Units)Year Built1962ZoningINR3YYCountyLOS ANGELESAPN4022-027-010

Schools near 632 Walnut Street

This home is within Inglewood Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Charter - K to 5
Rating
School
Distance
Hudnall (Claude) Elementary School
PublicK to 6

Crozier (George W.) Middle School
Public7 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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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 Shield CRE, Inc., Jonathan Nikfarjam, DRE #01856803

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.