201 Stepney Street

Inglewood, CA 90302

$850,000
Price
2
Beds
2
Baths
1,404 Sq. Ft.
$605 / Sq. Ft.
1,404
Sq. Ft.
$605
per Sq. Ft.

Description

Unlock the potential of this prime duplex, nestled in the heart of Inglewood's dynamic community. This property offers a rare chance to own a versatile asset in a neighborhood poised for tremendous growth, especially with the excitement surrounding the 2028 Olympics and the highly anticipated metro rail line. This exciting investment opportunity features two separate side by side units on a lot zoned R4, providing exceptional potential for future development or income generation. The garages separate...Unlock the potential of this prime duplex, nestled in the heart of Inglewood's dynamic community. This property offers a rare chance to own a versatile asset in a neighborhood poised for tremendous growth, especially with the excitement surrounding the 2028 Olympics and the highly anticipated metro rail line. This exciting investment opportunity features two separate side by side units on a lot zoned R4, providing exceptional potential for future development or income generation. The garages separate the units, so there are no shared walls, providing ultimate privacy. The vacant unit has been fully remodeled with modern design finishes featuring quartz countertops, recessed lighting, wide plank hardwood flooring throughout and stainless steel appliances. Each unit offers its own individual garage, as well as a private, lush secluded outdoor area. Situated in the vibrant and growing Inglewood area, this duplex benefits from proximity to the forthcoming hub of Olympic activities in 2028. With a vacant unit ready for immediate occupancy or leasing and the potential for future development on a R4-zoned lot, this property presents multiple avenues for maximizing returns. Don't miss out on this exceptional chance to secure a piece of Inglewood's promising future.

Listing Agent

  1. Alexis Gallardo

    Alexis Gallardo

    Listing Agent

    Compass

    DRE #01924003

Property Details for 201 Stepney Street

Zoning
INR3YY
Parcel Number
4016015023
Total Units
2.0
Living Area
1404
Source Living Area
Vendor Enhanced
Area
North Inglewood (101)
Vacancy Rate
1 unit
Lot Size Area
5509
LISTING UPDATED: 09/14/2024 11:14 AM

Property Details for 201 Stepney Street

StatusActive
MLS #24-435101
Days on Market4
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1953
Lot Size0.13 AC / 5,509 SF
CountyLos Angeles County

Building Information for 201 Stepney Street

Stories-Residences-Year Built1953Building Size-Lot Size0.13 AC / 5,509 SF

Property Information for 201 Stepney Street

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: 2
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $54,744
  • Net Operating Income: $54,744.00
  • Gross Income: $54,744
  • Gross Rent Multiplier: $54,744.00
  • Total Annual Expense: 9000
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1265
  • Lot Size Square Feet: 5509
Parking Details
Parking Details
  • Parking Garage: Garage - 1 Car, Driveway, Shared Driveway
  • Total Parking: 0
  • Parking Features: Garage - Single Door, Driveway, Shared Driveway
Interior Features
Interior Features
  • Levels: One
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Equipment: Ceiling Fan, Dishwasher, Dryer, Microwave, Refrigerator, Range/Oven, Washer
  • Interior Features: Ceiling Fan(s)
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 09-14-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: Yes
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,600.00
  • Unit Actual Rent: $1,600.00
  • Unit Projected Rent: $1,600.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $162,180.00
  • Assessed Improvement Percent: 19.9
  • Assessed Land Value: $652,800.00
  • Assessed Land Percent: 80.1
  • Assessed Total Value: $814,980.00

Property History for 201 Stepney 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 201 Stepney Street

Taxable ValueLand$652,800Additions$162,180Total$814,980
Tax Record2023$10,731 ($894 / month)
Home Facts
Total Finished SqFt1,404 SqFtAbove Grade Finished SqFt1,404 SqFtLot Size5,509 SqFtStyleDuplexYear Built1953ZoningINR3YYCountyLOS ANGELESAPN4016-015-023

Schools near 201 Stepney 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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201 Stepney Street is a multi-family home for sale in Inglewood, CA 90302. This property was listed for sale on September 14, 2024 by Compass, it's currently listed at $850,000. It has been on the market for a total of 4 days and was last sold on May 27, 2022. This listing's school district is Inglewood Unified School District. Nearby schools include Highland Elementary School, Crozier (George W.) Middle School and Inglewood High School. 201 Stepney Street is a 2-bed, 2-bath, 1,404 sqft multi-family home built in 1953.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Alexis Gallardo, DRE #01924003

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.