701 Walnut Street

Inglewood, CA 90301

$1,275,000
Price
6
Beds
3
Baths
2,775 Sq. Ft.
$459 / Sq. Ft.
2,775
Sq. Ft.
$459
per Sq. Ft.

Description

An exceptional investment opportunity awaits less than 2 miles from SOFI Stadium and the new Los Angeles Clippers Arena. Potential to build 6 or more units in the future (buyer to verify with the city.) Currently this property showcases a triplex on a generous lot. Each unit boasts 2 bedrooms plus a bonus room usable as an extra bedroom/office complemented by 1 bathroom. All units are well-maintained with reliable tenants who pay rent promptly. Additionally, each unit is equipped with washer and...An exceptional investment opportunity awaits less than 2 miles from SOFI Stadium and the new Los Angeles Clippers Arena. Potential to build 6 or more units in the future (buyer to verify with the city.) Currently this property showcases a triplex on a generous lot. Each unit boasts 2 bedrooms plus a bonus room usable as an extra bedroom/office complemented by 1 bathroom. All units are well-maintained with reliable tenants who pay rent promptly. Additionally, each unit is equipped with washer and dryer hookups.
  1. Listed by Steven Thorn • DRE #02002405 • Brokerage DRE #01845055 • Merit Real Estate • 310-406-5896

Property Details for 701 Walnut Street

Parking Spaces Total
3
Private Pool
No
Total Units
3.0
Building Type
Detached
Lot Size Source
Public Records
Living Area
2775
Assessor Parcel Number
4022-025-001
Property Attached YN
false
LISTING UPDATED: 01/07/2025 10:30 PM

Property Details for 701 Walnut Street

StatusActive
MLS #PV25004376
Days on Market2
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1937
Lot Size0.22 AC / 9,663 SF
CountyLos Angeles County

Building Information for 701 Walnut Street

Stories1Residences-Year Built1937Building Size-Lot Size0.22 AC / 9,663 SF

Property Information for 701 Walnut Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $72,456
  • Gross Scheduled Income: $72,456
  • Gross Operating Income: $72,456
  • Net Operating Income: $56,926
Expense Details
  • Operating Expense: $15,530
  • Gardener Expense: $120
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $100
  • Trash Expense: $0
  • Water Sewer Expense: $225
  • Total Expenses: $15,530
Tax / Assessment Info
  • Tax Block: C
  • Tax Tract Number: 2
  • Tax Census Tract: 6012.12
  • CFD/Mello-Roos Fee: $835
  • Tax Lot: 10
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Room Type: All Bedrooms Down, Kitchen, Living Room
  • Bedroom Features: All Bedrooms Down
  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup, Gas Dryer Hookup, Inside, Washer Hookup
  • Heating Type: Forced Air
  • Heating: Forced Air
  • Heat Equipment: Forced Air Unit
Exterior Features
  • Entry Location: Front
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Level with Street
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 3
  • Parking Garage Spaces: 3
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • 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: $2,200
  • Unit Type Total Rent: $2,200
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • 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: $2,175
  • Unit Type Total Rent: $2,175
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • 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: $1,864
  • Unit Type Total Rent: $1,864
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 0

Property History for 701 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 701 Walnut Street

Taxable ValueLand$816,000Additions$229,500Total$1,045,500
Tax Record2024$13,710 ($1,142 / month)
Home Facts
Total Finished SqFt2,775 SqFtAbove Grade Finished SqFt2,775 SqFtLot Size9,661 SqFtStyleTriplexYear Built1937ZoningINR3YYCountyLOS ANGELESAPN4022-025-001

Schools near 701 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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

701 Walnut Street is a multi-family home for sale in Inglewood, CA 90301. This property was listed for sale on January 2, 2025 by Merit Real Estate, it's currently listed at $1,275,000. It has been on the market for a total of 2 days and was last sold on June 23, 2023. This listing's school district is Inglewood Unified School District. Nearby schools include Hudnall (Claude) Elementary School, Crozier (George W.) Middle School and Morningside High School. 701 Walnut Street is a 6-bed, 3-bath, 2,775 sqft multi-family home built in 1937.

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 Merit Real Estate, Steven Thorn, DRE #02002405

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.