Restricted Address

Inglewood, CA 90302

$17,500,000
Price
121
Beds
116
Baths
68,160 Sq. Ft.
$257 / Sq. Ft.
68,160
Sq. Ft.
$257
per Sq. Ft.

Description

Rare opportunity to purchase this trophy property in the best part of Inglewood. Buyer to assume the 1st TD at 3.46% fixed until 5/27 due in 2050. Great unit mix of 53 (2+2) and 5 (3+2) units. The amenities available for residents include a swimming pool, fitness center, control access, laundry facilities on each floor, elevator, and community BBQ. Secured on-site parking is provided with 116 spaces allowing for 2 parking spaces per unit.Rare opportunity to purchase this trophy property in the best part of Inglewood. Buyer to assume the 1st TD at 3.46% fixed until 5/27 due in 2050. Great unit mix of 53 (2+2) and 5 (3+2) units. The amenities available for residents include a swimming pool, fitness center, control access, laundry facilities on each floor, elevator, and community BBQ. Secured on-site parking is provided with 116 spaces allowing for 2 parking spaces per unit.
  1. Listed by Lawrence Cannizzaro • DRE #00609154 • Brokerage DRE #00609154 • Lawrence Frank Cannizzaro

Property Details for Restricted Address

Zoning
INR3*
Parcel Number
4017024031
Total Units
58.0
Living Area
68160
Source Living Area
Vendor Enhanced
Area
North Inglewood (101)
Vacancy Rate
0%
Lot Size Area
45721
LISTING UPDATED: 12/17/2024 02:29 PM

Property Details for Restricted Address

StatusActive
MLS #24-444329
Days on Market99
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1973
Lot Size1.05 AC / 45,721 SF
CountyLos Angeles County

Building Information for Restricted Address

Stories3Residences-Year Built1973Building Size-Lot Size1.05 AC / 45,721 SF

Property Information for Restricted Address

Community / Development
Community / Development
  • Number Of Units: 58
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 3
  • Number Of Buildings: 1
  • Type Of Units: Apartyments
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $1,529,647
  • Net Operating Income: $928,832.00
  • Gross Income: $11,400
  • Cap Rate: 5.31%
  • Gross Rent Multiplier: $11.10
  • Actual Gross Annual Income: $1,576,956
  • Laundry Income: $11,400
  • Vacancy Allow Dollar: $47,309.00
  • Vacancy Allow Percent: 3.00%
  • Owner Pays: Water
  • Total Annual Expense: 600815
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 1.0496
  • Lot Size Square Feet: 45721
Parking Details
Parking Details
  • Parking Garage: Subterranean
  • Total Parking: 116
  • Covered Parking: 116
  • Parking Features: Subterranean
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: None
  • Cooling Type: None
  • Heating: Electric
  • Heating Type: Electric
  • Equipment: Dishwasher
  • Common Walls: Attached
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 09-24-2024
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,213.00
  • Unit Actual Rent: $117,265.00
  • Unit Projected Rent: $137,535.00
  • Like Units: 53
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,640.00
  • Unit Actual Rent: $13,198.00
  • Unit Projected Rent: $14,975.00
  • Like Units: 5
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $3,363,981.00
  • Assessed Improvement Percent: 93.7
  • Assessed Land Value: $226,228.00
  • Assessed Land Percent: 6.3
  • Assessed Total Value: $3,590,209.00

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$230,752Additions$3,442,860Total$3,673,612
Tax Record2024$59,741 ($4,978 / month)
Home Facts
Total Finished SqFt68,160 SqFtAbove Grade Finished SqFt68,160 SqFtLot Size45,709 SqFtStyleMulti-Family Res (5+ Units)Year Built1973ZoningINR3*CountyLOS ANGELESAPN4017-024-031

Schools near Restricted Address

This home is within Inglewood Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - K to 8
Public - 9 to 12
Charter - K to 5
Rating
School
Distance
Highland Elementary School
PublicK to 6

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.

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Restricted Address is a multi-family home for sale in Inglewood, CA 90302. This property was listed for sale on September 22, 2024 by Lawrence Frank Cannizzaro, it's currently listed at $17,500,000. This listing's school district is Inglewood Unified School District. Nearby schools include Highland Elementary School, Parent (Frank D.) Elementary School and Inglewood High School. Restricted Address is a 121-bed, 116-bath, 68,160 sqft multi-family home built in 1973.

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.