702 Walnut Street

Inglewood, CA 90301

$1,025,000
Last Sold Price
6
Beds
7
Baths
3,008 Sq. Ft.
$341 / Sq. Ft.
3,008
Sq. Ft.
$341
per Sq. Ft.

Description

Attention Developers/Investors in the Inglewood region! Priced for a quick sale! 1.5 miles from the Sofi Stadium. Two buildings on an R3 lot! Front bldg: Divided into 4 units . (All are studios. One has kitchen.) Rear building: Five units. Apt 2: Large one bedroom with kitchen, unoccupied, current market rent around $2000. Apt 3: studio with full kitchen, unoccupied, potential rent: $1000+. Apt 4: studio with full kitchen, Apt E: Small studio, no kitchen, shares bathroom with Apt F. Apt F: Small...Attention Developers/Investors in the Inglewood region! Priced for a quick sale! 1.5 miles from the Sofi Stadium. Two buildings on an R3 lot! Front bldg: Divided into 4 units . (All are studios. One has kitchen.) Rear building: Five units. Apt 2: Large one bedroom with kitchen, unoccupied, current market rent around $2000. Apt 3: studio with full kitchen, unoccupied, potential rent: $1000+. Apt 4: studio with full kitchen, Apt E: Small studio, no kitchen, shares bathroom with Apt F. Apt F: Small studio no kitchen, shares bathroom with Apt E. Current rent Total living area: 3008 sq/ft Large land: 9616 sq/ft ... Opportunity galore! Cap rate 5.53% when fully rented. Cap rate with two vacant units: 2.54% Sold as is in its current condition. Sold for land value.
  1. Listed by Attila Csupo • DRE #01818714 • Brokerage DRE #00930174 • Corcoran Global Living

Property Details for 702 Walnut Street

Zoning
INR3YY
Cross Streets
W Buckthorn St/W Hillcrest
Parcel Number
4022028025
Total Units
9.0
Living Area
3008
Source Living Area
Vendor Enhanced
Area
North Inglewood (101)
Vacancy Rate
2

Location

Listing Courtesy of Corcoran Global Living, Attila Csupo, DRE #01818714

Sold By Corcoran Global Living, Lynn Lin, DRE #02193706

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LISTING UPDATED: 09/28/2022 10:06 AM

Property Details for 702 Walnut Street

StatusSold
MLS #22-185001
Days on Market17
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1958
Lot Size0.22 AC / 9,595 SF
CountyLos Angeles County

Location

Listing Courtesy of Corcoran Global Living, Attila Csupo, DRE #01818714

Sold By Corcoran Global Living, Lynn Lin, DRE #02193706

Add your commute

Virtual Tour

Building Information for 702 Walnut Street

Stories2Residences-Year Built1958Building Size-Lot Size0.22 AC / 9,595 SF

Payment Calculator

$6,748 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,594

Property Taxes

$1,154

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 702 Walnut 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: 2
  • Type Of Units: 6plex
  • Property Condition: Fixer, Tear Down
  • Water: District
  • 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: $43,260
  • Net Operating Income: $41,144.00
  • Gross Income: $3,605
  • Cap Rate: 5.50%
  • Gross Rent Multiplier: $3,600.00
  • Actual Annual Gross Rent: $3,605.00
  • Actual Gross Annual Income: $43,260
  • Actual Rent Total: $3,605.00
  • Financial Info as Of: 12/31/2021
  • Vacancy Allow Dollar: $3,000.00
  • Vacancy Allow Percent: 50.00%
  • Owner Pays: Electricity, Gas
  • Total Annual Expense: 2113
Land / Lot Info
Land / Lot Info
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.2203
  • Lot Size Square Feet: 9595
Parking Details
Parking Details
  • Parking Garage: Driveway
  • Total Parking: 6
  • Parking Features: Driveway
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling Type: Wall Unit(s)
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • New Construction: No
  • Other Structures: Accessory Dwelling Unit
Lease Terms
Lease Terms
  • Entry Date: 08-01-2022
  • Listing Terms: Cash, Cash To New Loan
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $400.00
  • Unit Actual Rent: $400.00
  • Unit Projected Rent: $600.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $750.00
  • Unit Actual Rent: $750.00
  • Unit Projected Rent: $800.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $300.00
  • Unit Actual Rent: $300.00
  • Unit Projected Rent: $300.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $400.00
  • Unit Actual Rent: $400.00
  • Unit Projected Rent: $500.00
  • Like Units: 4
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 5
Unit 6 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $1,000.00
  • Like Units: 6
Unit 7 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $900.00
  • Unit Actual Rent: $900.00
  • Unit Projected Rent: $1,000.00
  • Like Units: 7
Unit 8 Information
  • Unit Beds: 1
  • Unit Baths: 0
  • Unit Furnished: No
  • Unit Rent: $380.00
  • Unit Actual Rent: $380.00
  • Unit Projected Rent: $400.00
  • Like Units: 8
Unit 9 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $475.00
  • Unit Actual Rent: $475.00
  • Unit Projected Rent: $500.00
  • Like Units: 9
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $29,414.00
  • Assessed Improvement Percent: 35.03
  • Assessed Land Value: $54,560.00
  • Assessed Land Percent: 64.97
  • Assessed Total Value: $83,974.00

Property History for 702 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 702 Walnut Street

Taxable ValueLand$930,000Additions$95,700Total$1,025,700
Tax Record2023$13,846 ($1,154 / month)
Home Facts
Total Finished SqFt3,008 SqFtAbove Grade Finished SqFt3,008 SqFtLot Size9,616 SqFtStyleQuadraplexYear Built1958ZoningINR3YYCountyLOS ANGELESAPN4022-028-025

Schools near 702 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 Corcoran Global Living, Attila Csupo, DRE #01818714

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.