Restricted Address

Inglewood, CA 90301

$5,995,000
Price
38
Beds
29
Baths
19,174 Sq. Ft.
$313 / Sq. Ft.
19,174
Sq. Ft.
$313
per Sq. Ft.

Description

We are proud to present the LA RIVIERA APARTMENTS located at 1024 So. Osage Avenue, Inglewood, CA 90301. The property offers an attractive unit mix of 13 (1+1), 8 (2+1), 3 (2+1.5) and 1 (3+2) and is gated with control access providing a total of 27 covered parking spaces. The building is all electric which the tenants pay. Nine of the units have been renovated. Amenities include laundry facilities, pool, wall air conditioners and an exercise area.We are proud to present the LA RIVIERA APARTMENTS located at 1024 So. Osage Avenue, Inglewood, CA 90301. The property offers an attractive unit mix of 13 (1+1), 8 (2+1), 3 (2+1.5) and 1 (3+2) and is gated with control access providing a total of 27 covered parking spaces. The building is all electric which the tenants pay. Nine of the units have been renovated. Amenities include laundry facilities, pool, wall air conditioners and an exercise area.
  1. Listed by Lawrence Cannizzaro • DRE #00609154 • Brokerage DRE #00609154 • Lawrence Frank Cannizzaro

Property Details for Restricted Address

Zoning
INRM*
Parcel Number
4024009032
Total Units
25.0
Living Area
19174
Source Living Area
Vendor Enhanced
Area
South Inglewood (102)
Vacancy Rate
3%
Lot Size Area
24906
LISTING UPDATED: 10/01/2024 12:01 AM

Property Details for Restricted Address

StatusActive
MLS #24-443883
Days on Market89
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1961
Lot Size0.57 AC / 24,906 SF
CountyLos Angeles County

Building Information for Restricted Address

Stories2Residences-Year Built1961Building Size-Lot Size0.57 AC / 24,906 SF

Property Information for Restricted Address

Community / Development
Community / Development
  • Number Of Units: 25
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Probate: No
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $535,126
  • Net Operating Income: $333,446.00
  • Gross Income: $551,676
  • Cap Rate: 5.56%
  • Gross Rent Multiplier: $10.87
  • Vacancy Allow Dollar: $16,550.00
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 201679
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.5718
  • Lot Size Square Feet: 24906
Parking Details
Parking Details
  • Parking Garage: Carport Detached
  • Total Parking: 26
  • Parking Features: Detached Carport
  • Attached Garage: No
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling Type: Wall Unit(s)
  • Heating: Baseboard
  • Heating Type: Baseboard
  • Equipment: Garbage Disposal, Range/Oven
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 09-23-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,682.00
  • Unit Actual Rent: $21,866.00
  • Unit Projected Rent: $25,025.00
  • Like Units: 13
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,949.00
  • Unit Actual Rent: $15,589.00
  • Unit Projected Rent: $15,589.00
  • Like Units: 8
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,924.00
  • Unit Actual Rent: $5,773.00
  • Unit Projected Rent: $5,773.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,345.00
  • Unit Actual Rent: $2,345.00
  • Unit Projected Rent: $2,395.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $550,504.00
  • Assessed Improvement Percent: 29.89
  • Assessed Land Value: $1,291,139.00
  • Assessed Land Percent: 70.11
  • Assessed Total Value: $1,841,643.00

Property History for Restricted Address

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for Restricted Address

Taxable ValueLand$1,316,961Additions$562,714Total$1,879,675
Tax Record2024$28,665 ($2,389 / month)
Home Facts
Total Finished SqFt19,174 SqFtAbove Grade Finished SqFt19,174 SqFtLot Size24,890 SqFtStyleMulti-Family Res (5+ Units)Year Built1961ZoningINRM*CountyLOS ANGELESAPN4024-009-032

Schools near Restricted Address

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
Kelso (William H.) 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

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Restricted Address is a multi-family home for sale in Inglewood, CA 90301. This property was listed for sale on September 23, 2024 by Lawrence Frank Cannizzaro, it's currently listed at $5,995,000. It has been on the market for a total of 89 days and was last sold on January 18, 2019. This listing's school district is Inglewood Unified School District. Nearby schools include Kelso (William H.) Elementary School, Crozier (George W.) Middle School and Morningside High School. Restricted Address is a 38-bed, 29-bath, 19,174 sqft multi-family home built in 1961.

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 Lawrence Frank Cannizzaro, Lawrence Cannizzaro, DRE #00609154

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.