632 Walnut Street

Inglewood, CA 90301

$2,345,000
Last Sold Price
11
Beds
3
Baths
8,524 Sq. Ft.
$275 / Sq. Ft.
8,524
Sq. Ft.
$275
per Sq. Ft.

Property Details for 632 Walnut Street

StatusSold
MLS #19477800
Year Built1962
DOM110
Compass TypeMulti Family
MLS TypeResidential Income / Apartment Building
Lot Size0.26 AC / 11,532 SF
Taxes-
Condo/Co-op Fees-
HOA Fees-
CountyLos Angeles County

Listing Agent

Jonathan Nikfarjam

Shield CRE, Inc.

jonathan@shieldcre.com

P: 310.593.9868

M: 310.880.6807

DRE #01856803

Contact Agent(s)

Property Details for 632 Walnut Street

Area
North Inglewood (101)
Parking Spaces Total
9
Pool
No
Cooling Type
Other

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... Pro-Forma GRM

Location

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

Building Information for 632 Walnut Street

Stories2Residences9Year Built1962Building Size-Lot Size0.26 AC / 11,532 SF

Payment Calculator

$8,435 per month

30 year fixed, 3.51% Interest

Principal and Interest

$8,435

Property Taxes

HOA Dues

$0

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Property Information for 632 Walnut Street

Property Features
    Interior Features
  • Heating: Other
  • Interior Features: Other
    Parking Info
  • Parking Features: Covered Parking
Community/Development / Location Info
    School/Location Info
  • County: Los Angeles
  • Cross Streets: WALNUT STREET & HILLCREST BOULEVARD
  • Driving Directions: West of La Brea Avenue, North Arbor Vitae Street
    Association Information
  • Association/HOA: No
Income / Expense / Tax / Assessment Details
    Income Details
  • Actual Annual Gross Rent: $149,880
  • Actual Gross Annual Income: $151,560
  • Actual Rent Total: $143,982
  • Adjusted Gross Income: $151,560
  • Cap Rate: 3.5
  • Gross Operating Income: $143,982
  • Gross Rent Multiplier: 16.65
  • Laundry Income: $1,680
  • Net Operating Income: $87,420
  • Vacancy Allow Dollar: $7,578
  • Vacancy Allow Percent: 5.00%
    Expense Details
  • Expense Electric: $2,040
  • Expense Gardener: $720
  • Expense Gas: $1,620
  • Expense Insurance: $3,836
  • Expense Maintenance: $2,700
  • Expense Other: $1,800
  • Expense Pool: $1,800
  • Expense Tax: $34,930
  • Expense Total Annual: $56,646
  • Expense Water: $7,200
    Assessment Info
  • Assessed Improvement Value: $226,328
  • Assessed Land Value: $72,241
    Tax Info
  • Tax Percent: 1.40%
  • Tax Total: $34,930
Land/Lot Info
    Land/Lot Info
  • Lot Size Source: Estimated
  • Lot Size SQFT: 11532
  • Tax Parcel Number: 4022027010
  • Zoning: INR3YY
Structure Info
    Structure Info
  • Units Total In Complex: 9
  • Number Electric Meters: 9
  • Number Gas Meters: 9
  • Number Of Buildings: 1
  • Paved: Yes
  • Price Per Unit: 277222.0
  • Property Sub Type: Apartment Building
  • Property Type: Residential Income
  • Square Footage Source: Estimated
  • Total Floors: 2
  • Has Water Heaters: Yes
  • Year Built: 1962
Unit Information
    Unit 1 Info
  • Unit Furnished 1: Unfurnished
  • Unit Monthly Rent 1: $2,495
  • Unit Number Of Bath 1: 2.0
  • Unit Number Of Bed 1: 3.0
  • Unit Projected Total Monthly Rent 1: $2,850
  • Unit Total Monthly Rent 1: $2,495
  • Unit Type 1: 1.0
    Unit 2 Info
  • Unit Furnished 2: Unfurnished
  • Unit Monthly Rent 2: $1,249
  • Unit Number Of Bath 2: 1.0
  • Unit Number Of Bed 2: 1.0
  • Unit Projected Total Monthly Rent 2: $13,560
  • Unit Total Monthly Rent 2: $9,992
  • Unit Type 2: 8.0
    Unit 3 Info
  • Unit Furnished 3: Partially
    Unit 4 Info
  • Unit Furnished 4: Partially
    Unit 5 Info
  • Unit Furnished 5: Partially
    Unit 6 Info
  • Unit Furnished 6: Partially
    Unit 7 Info
  • Unit Furnished 7: Partially
    Unit 8 Info
  • Unit Furnished 8: Partially
    Unit 9 Info
  • Unit Furnished 9: Partially
    Unit 10 Info
  • Unit Furnished 10: Partially
    Unit 11 Info
  • Unit Furnished 11: Partially
    Unit 12 Info
  • Unit Furnished 12: Partially
    Unit 13 Info
  • Unit Furnished 13: Partially

Property History for 632 Walnut Street

DateEvent & SourcePriceAppreciation
Oct 1, 2019Sold (Public Records)

Public Record #653549502

$2,345,000
Oct 1, 2019Sold

CARETS #19477800

$2,345,000
Aug 9, 2019Accepting Backup Offers

CARETS #19477800

DateEvent & SourcePrice
10/01/2019
Sold (Public Records)

Public Record #653549502

$2,345,000
10/01/2019
Sold

CARETS #19477800

$2,345,000
08/09/2019
Accepting Backup Offers

CARETS #19477800

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$73,685Additions$230,854Total$304,539
Tax Record2018$6,369
Home Facts
Beds11Finished Sq.Ft.8,524 SqFtLot Size11,532 SqFtStyleMulti-Family Res (5+ Units)Year Built1962Year Renovated1962ZoningINR3YYCountyLOS ANGELES

Schools near 632 Walnut Street

AllElementaryMiddleHigh
SchoolTypeGradesDistanceRating
Wiz SchoolsPrivateK-30.2 mi
NR
Icef Inglewood Elementary Charter AcademyCharterK-50.2 mi
3
Inglewood Christian SchoolPrivatePK-80.3 mi
NR
Inglewood Continuation High SchoolPublic9-120.4 mi
NR

Wiz Schools

K-3, 0.2 mi, Private

NR

Icef Inglewood Elementary Charter Academy

K-5, 0.2 mi, Charter

3

Inglewood Christian School

PK-8, 0.3 mi, Private

NR

Inglewood Continuation High School

9-12, 0.4 mi, Public

NR

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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All data, including all measurements and calculations of area, is obtained from various sources, is approximate, and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of such measurements and Compass expressly disclaims any liability in connection with such measurements.
Listing Courtesy of Shield CRE, Inc., Jonathan Nikfarjam, DRE #01856803
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