713 Edgewood Street
713 Edgewood Street
$2,050,000
10
8
6,220
6,220
$330
Sold 8/5/22
Description
Matthews is pleased to present 713 Edgewood Street, an 8-unit apartment building located in prime Inglewood, one of the hottest up-and-coming markets in Los Angeles. The property was built in 1972 and is comprised of (6) one bed, one bath units and (2) two bed, one bath units. The property sits on a huge lot, nearly 9,000 square feet, and is zoned R3. Both of the two-bedroom units have spacious balconies. Additionally, Unit #1 has a balcony and Unit #5 has a large private patio. Significant capital...Matthews is pleased to present 713 Edgewood Street, an 8-unit apartment building located in prime Inglewood, one of the hottest up-and-coming markets in Los Angeles. The property was built in 1972 and is comprised of (6) one bed, one bath units and (2) two bed, one bath units. The property sits on a huge lot, nearly 9,000 square feet, and is zoned R3. Both of the two-bedroom units have spacious balconies. Additionally, Unit #1 has a balcony and Unit #5 has a large private patio. Significant capital improvements have gone into the building, including new mainline sewer pipes, updated electrical components, and extensive interior renovations in 4 out of the 8 units. These tasteful renovations included new flooring, new kitchen/bathroom cabinets & fixtures, new stainless-steel appliances, bathroom tiling, recessed lighting, as well as new blinds and fans. The property also features 8 parking spaces and a community laundry area for additional income. Additionally, all tenants are up-to-date on rent at this time. Located just 2.5 miles from massive developments like the new SoFi Stadium and Intuit Dome NBA Arena, 713 Edgewood offers investors a rare opportunity to acquire a value-add multifamily asset in one of the most opportunistic pockets of LA.
- Listed by Daniel Withers • DRE #01325901 • Brokerage DRE #01469842 • Matthews Real Estate Investment Services
Property Details for 713 Edgewood Street
Zoning
INR3*
StyleMid-Century
Parcel Number4016011001
Total Units8.0
Living Area6220
Source Living AreaVendor Enhanced
AreaNorth Inglewood (101)
Vacancy Rate0
Location
LISTING UPDATED: 08/08/2022 08:53 AM
Property Details for 713 Edgewood Street
Status | Sold |
---|---|
MLS # | 22-156261 |
Days on Market | 36 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1972 |
Lot Size | 0.20 AC / 8,915 SF |
County | Los Angeles County |
Location
Building Information for 713 Edgewood Street
Stories-Residences-Year Built1972Building Size-Lot Size0.20 AC / 8,915 SF
Payment Calculator
$13,500 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 713 Edgewood Street
Property History for 713 Edgewood Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 713 Edgewood Street
Taxable ValueLand$1,500,000Additions$550,000Total$2,050,000
Tax Record2023$27,738 ($2,312 / month)
Home Facts
Total Finished SqFt6,220 SqFtAbove Grade Finished SqFt6,220 SqFtLot Size8,904 SqFtStyleMulti-Family Res (5+ Units)Year Built1972ZoningINR3*CountyLOS ANGELESAPN4016-011-001
Schools near 713 Edgewood 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 - | 6 to 8 |
Rating | School | Distance |
---|---|---|
Highland Elementary School PublicK to 6 | ||
Crozier (George W.) Middle School Public7 to 8 | ||
Inglewood High School Public9 to 12 | ||
Wilder's Preparatory Academy Charter Middle Charter6 to 8 |
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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