946 West Beach Avenue

Inglewood, CA 90302

$4,475,000
Last Sold Price
5
Beds
34
Baths
21,420 Sq. Ft.
$209 / Sq. Ft.
21,420
Sq. Ft.
$209
per Sq. Ft.

Description

946-950 West Beach Avenue is an 18-unit apartment complex built in 1962, which consists of (2) two-story, frame and stucco buildings situated around a common courtyard. The building is an individual walk-up design with flat built-up roofs. The unit mix is comprised of (2) two-bedroom, one-bathroom units measuring approximately 1,000 square feet, and (16) three-bedroom, two-bathroom units measuring approximately 1,200 square feet. All unit sizes are estimated. Some units have upgraded dark wood-plank...946-950 West Beach Avenue is an 18-unit apartment complex built in 1962, which consists of (2) two-story, frame and stucco buildings situated around a common courtyard. The building is an individual walk-up design with flat built-up roofs. The unit mix is comprised of (2) two-bedroom, one-bathroom units measuring approximately 1,000 square feet, and (16) three-bedroom, two-bathroom units measuring approximately 1,200 square feet. All unit sizes are estimated. Some units have upgraded dark wood-plank linoleum flooring, with granite counter tops, and tile flooring. The floor plans are very large with good-sized bedrooms and walk-in closets. The three-bedroom units include dishwashers. The property is separately metered for gas cooking and gas forced heat, and has two tankless, and one conventional hot water heater. There are two centrally-located laundry rooms on-site which include two washers and two dryers in each facility. Parking consists of 27 covered parking spaces with additional storage and there are controlled access entry gates. The community enjoys convenient access to the 405 Freeway which connects to major employment centers in the area.
  1. Listed by Matthew Pernice • DRE #01879552 • NW Real Estate Brokers

Property Details for 946 West Beach Avenue

Parking Spaces Total
27
Private Pool
No
Total Units
2.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
21420
Assessor Parcel Number
4017-005-038
Property Attached YN
true

Location

Listing Courtesy of NW Real Estate Brokers, Matthew Pernice, DRE #01879552

Sold By Keller Williams Pacific Estate, Robert Stepp, DRE #01456379

Add your commute
LISTING UPDATED: 10/03/2016 02:08 AM

Property Details for 946 West Beach Avenue

StatusClosed
MLS #SB16159175
Days on Market21
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1963
Lot Size0.57 AC / 25,014 SF
CountyLos Angeles County

Location

Listing Courtesy of NW Real Estate Brokers, Matthew Pernice, DRE #01879552

Sold By Keller Williams Pacific Estate, Robert Stepp, DRE #01456379

Add your commute

Building Information for 946 West Beach Avenue

Stories2Residences-Year Built1963Building Size-Lot Size0.57 AC / 25,014 SF

Payment Calculator

$30,042 per month

30 year fixed, 7.25% Interest

Principal and Interest

$24,422

Property Taxes

$5,620

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 946 West Beach Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $28,300
  • Gross Scheduled Income: $339,600
  • Net Operating Income: $274,992
  • Number Of Rented Garages: 0
  • Gross Multiplier: 13.54
  • Financing: Conventional
Expense Details
  • Operating Expense: $64,608
  • New Taxes Expense: $55,200
  • Gardener Expense: $1,860
  • Licenses Expense: $411
  • Pest Control Expense: $561
  • Pool Expense: $0
  • Electric Expense: $2,576
  • Insurance Expense: $2,500
  • Maintenance Expense: $19,357
  • Professional Management Expense: $10,400
  • Trash Expense: $2,982
  • Water Sewer Expense: $10,631
Tax / Assessment Info
  • Tax Tract Number: 6013
  • Tax Lot: 215
Community / Development
Community / Development
  • Community Features: Sidewalks, Urban
Property / Structure Info
Interior Features
  • Laundry Equipment Own Lease: Lease
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Garden
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Meter on Property
  • Utilities: Sewer Available
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Assigned
  • Parking Garage Spaces: 0
  • Carport Spaces: 27
  • Parking Features: Assigned
Unit Information
Unit 1
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,350
  • Unit Type Total Rent: $2,700
  • Unit Type Pro Forma: 1550
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 16
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,600
  • Unit Type Total Rent: $25,600
  • Unit Type Pro Forma: 1900
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 18
  • Number Of Separate Gas Meters: 18
  • Number Of Separate Water Meters: 18

Property History for 946 West Beach Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 946 West Beach Avenue

Taxable ValueLand$2,989,590Additions$2,009,601Total$4,999,191
Tax Record2023$67,438 ($5,620 / month)
Home Facts
Total Finished SqFt21,420 SqFtAbove Grade Finished SqFt21,420 SqFtLot Size25,014 SqFtStyleMulti-Family Res (5+ Units)Year Built1963ZoningINR3YYCountyLOS ANGELESAPN4017-005-038

Schools near 946 West Beach Avenue

This home is within Inglewood Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Charter - K to 8
Public - 9 to 12
Charter - K to 5
Rating
School
Distance
Parent (Frank D.) Elementary School
PublicK to 8

Inglewood High School
Public9 to 12

Wilder's Preparatory Academy Charter
CharterK to 5

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 NW Real Estate Brokers, Matthew Pernice, DRE #01879552

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.