636 East 97th Street

Inglewood, CA 90301

$2,600,000
Last Sold Price
10
Beds
9.5
Baths
6,670 Sq. Ft.
$390 / Sq. Ft.
6,670
Sq. Ft.
$390
per Sq. Ft.

Description

We are pleased to present 636 East 97th Street, a 9-unit investment property in Inglewood, California. The property is located between Prairie Avenue and Flower Street just off Century Boulevard in the Hollywood Park Area. This area is a solid majority-renter market with low vacancy rates. 636 East 97th Street consists of one 2 bedroom 1.5 bathroom unit and eight 1 bedroom 1 bathroom units. All of the units are separately metered for gas and electricity. The property also offers four single car garages....We are pleased to present 636 East 97th Street, a 9-unit investment property in Inglewood, California. The property is located between Prairie Avenue and Flower Street just off Century Boulevard in the Hollywood Park Area. This area is a solid majority-renter market with low vacancy rates. 636 East 97th Street consists of one 2 bedroom 1.5 bathroom unit and eight 1 bedroom 1 bathroom units. All of the units are separately metered for gas and electricity. The property also offers four single car garages. This offering presents a great opportunity for an investor to acquire an asset with steady cash flow in a strong rental market and capture potential upside in rents.
  1. Listed by Jonathan Weir • DRE #02038545 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 636 East 97th Street

Zoning
INR3YY
Parcel Number
4024043005
Total Units
9.0
Living Area
6670
Source Living Area
Vendor Enhanced
Area
South Inglewood (102)
Vacancy Rate
0
Lot Size Area
8975

Location

Listing Courtesy of Marcus & Millichap, Jonathan Weir, DRE #02038545

Sold By Marcus & Millichap, Jonathan Weir, DRE #02038545

Add your commute
LISTING UPDATED: 07/07/2023 04:42 PM

Property Details for 636 East 97th Street

StatusSold
MLS #23-270465
Days on Market27
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1956
Lot Size0.21 AC / 8,975 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Jonathan Weir, DRE #02038545

Sold By Marcus & Millichap, Jonathan Weir, DRE #02038545

Add your commute

Building Information for 636 East 97th Street

Stories2Residences-Year Built1956Building Size-Lot Size0.21 AC / 8,975 SF

Payment Calculator

$16,609 per month

30 year fixed, 7.25% Interest

Principal and Interest

$14,189

Property Taxes

$2,420

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 636 East 97th Street

Community / Development
Community / Development
  • Number Of Units: 9
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Standard
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $214,060
  • Net Operating Income: $149,352.00
  • Gross Income: $214,060
  • Cap Rate: 5.43%
  • Gross Rent Multiplier: $12.46
  • Total Annual Expense: 65908
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.206
  • Lot Size Square Feet: 8975
Parking Details
Parking Details
  • Parking Garage: Garage
  • Total Parking: 9
  • Garage Spaces Total: 9
  • Parking Features: Garage
Interior Features
Interior Features
  • Cooling Type: Ceiling Fan
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Ceiling Fan, Garbage Disposal, Range/Oven
  • Interior Features: Ceiling Fan(s)
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-17-2023
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,100.00
  • Unit Actual Rent: $2,100.00
  • Unit Projected Rent: $2,250.00
  • Like Units: 4
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $990.00
  • Unit Actual Rent: $990.00
  • Unit Projected Rent: $2,250.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,300.00
  • Unit Actual Rent: $2,300.00
  • Unit Projected Rent: $2,350.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,150.00
  • Unit Actual Rent: $2,150.00
  • Unit Projected Rent: $2,250.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,650.00
  • Unit Actual Rent: $1,650.00
  • Unit Projected Rent: $2,250.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,900.00
  • Unit Actual Rent: $2,900.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $145,574.00
  • Assessed Improvement Percent: 54.71
  • Assessed Land Value: $120,524.00
  • Assessed Land Percent: 45.29
  • Assessed Total Value: $266,098.00

Property History for 636 East 97th 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 636 East 97th Street

Taxable ValueLand$1,632,000Additions$511,050Total$2,143,050
Tax Record2023$29,038 ($2,420 / month)
Home Facts
Total Finished SqFt6,670 SqFtAbove Grade Finished SqFt6,670 SqFtLot Size8,975 SqFtStyleMulti-Family Res (5+ Units)Year Built1956ZoningINR3YYCountyLOS ANGELESAPN4024-043-005

Schools near 636 East 97th 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
Kelso (William H.) 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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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 Marcus & Millichap, Jonathan Weir, DRE #02038545

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.