713 Edgewood Street

Inglewood, CA 90302

$2,050,000
Last Sold Price
10
Beds
8
Baths
6,220 Sq. Ft.
$330 / Sq. Ft.
6,220
Sq. Ft.
$330
per Sq. Ft.

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.
  1. Listed by Daniel Withers • DRE #01325901 • Brokerage DRE #01469842 • Matthews Real Estate Investment Services

Property Details for 713 Edgewood Street

Zoning
INR3*
Style
Mid-Century
Parcel Number
4016011001
Total Units
8.0
Living Area
6220
Source Living Area
Vendor Enhanced
Area
North Inglewood (101)
Vacancy Rate
0

Location

Listing Courtesy of Matthews Real Estate Investment Services, Daniel Withers, DRE #01325901

Sold By Matthews Real Estate Investment Services, Daniel Withers, DRE #01325901; TAYVAY Corporation, Taylor Avakian, DRE #02060040

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LISTING UPDATED: 08/08/2022 08:53 AM

Property Details for 713 Edgewood Street

StatusSold
MLS #22-156261
Days on Market36
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1972
Lot Size0.20 AC / 8,915 SF
CountyLos Angeles County

Location

Listing Courtesy of Matthews Real Estate Investment Services, Daniel Withers, DRE #01325901

Sold By Matthews Real Estate Investment Services, Daniel Withers, DRE #01325901; TAYVAY Corporation, Taylor Avakian, DRE #02060040

Add your commute

Building Information for 713 Edgewood Street

Stories-Residences-Year Built1972Building Size-Lot Size0.20 AC / 8,915 SF

Payment Calculator

$13,500 per month

30 year fixed, 7.25% Interest

Principal and Interest

$11,188

Property Taxes

$2,312

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 713 Edgewood Street

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: 8
Contract Info
Contract Info
  • Probate: No
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $157,463
  • Net Operating Income: $102,628.00
  • Gross Income: $159,983
  • Cap Rate: 4.75%
  • Gross Rent Multiplier: $13.75
  • Total Annual Expense: 54836
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2047
  • Lot Size Square Feet: 8915
  • Lot Size Dimensions: 50x136
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Covered Parking
  • Total Parking: 8
  • Parking Features: Covered
Interior Features
Interior Features
  • Cooling: None
  • Cooling Type: None
  • Heating: Electric
  • Heating Type: Electric
  • Equipment: Dishwasher, Refrigerator, Range/Oven
  • Laundry: Community
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-12-2022
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,625.00
  • Unit Actual Rent: $9,753.00
  • Unit Projected Rent: $11,400.00
  • Like Units: 6
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,790.00
  • Unit Actual Rent: $3,579.00
  • Unit Projected Rent: $4,700.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $583,404.00
  • Assessed Improvement Percent: 30.0
  • Assessed Land Value: $1,361,276.00
  • Assessed Land Percent: 70
  • Assessed Total Value: $1,944,680.00

Property History for 713 Edgewood 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 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

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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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 Matthews Real Estate Investment Services, Daniel Withers, DRE #01325901

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.