406 Stepney Street

    Inglewood, CA 90302
    • $2,750,000
    • STATUS: Closed
    • ON SITE: 128 days
    • ID#: 18363626
    Sold - 09/13/2018
    $2,750,000
    SOLD - 09/13/2018
    • 0
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,740
      SQFT
    • $315
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1989
    County:

    School Ratings & Info

    Description

    Well Maintained 1989 Construction Non-Rent Control Property with ALL large 2bd/2ba units with private balconies. Roof replaced in 2017, recently painted, new security gate, camera surveillance system, and 18 parking spaces with storage. Same owner for over 20 years! Great north Inglewood location near Forum, NFL Ram's Stadium, Hollywood Park, and LAX. Strong income with pro-forma cap rate of 5.28% and pro-forma GRM of 12.76.

    Sold by Donald Massimo of Keystone Realty.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-17T00:33:29.53. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.playavistaliving.com/homes/85503539

    406 Stepney Street Inglewood, CA 90302

    • Price: $2,750,000
    • Status: Closed
    • ID#: 18363626
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    8,740
    SQFT
    $315
    $/SQFT
    1989
    Built
    Neighborhood:
    101 - North Inglewood
    County:
    Los Angeles
    Area:
    101 - North Inglewood
    Property Description
    Well Maintained 1989 Construction Non-Rent Control Property with ALL large 2bd/2ba units with private balconies. Roof replaced in 2017, recently painted, new security gate, camera surveillance system, and 18 parking spaces with storage. Same owner for over 20 years! Great north Inglewood location near Forum, NFL Ram's Stadium, Hollywood Park, and LAX. Strong income with pro-forma cap rate of 5.28% and pro-forma GRM of 12.76.
    Exterior Features

    Lot Size Source Estimated Lot Size Units Square Feet Parking Features Controlled Entrance Parking YN Yes

    Interior Features

    Appliances None Appliances YN No Cooling None Cooling YN No Laundry Features None

    Property Features

    Cap Rate 4.23 Gross Multiplier 14.88 Gross Operating Income 184800.00 Insurance Expense 3933.00 Laundry Income 954.00 Laundry YN No Maintenance Expense 2700.00 Net Operating Income 116189.00 Other Expense 12672.00 Special Listing Conditions Standard Total Expenses 60325.00 Zoning Inr3yy

    Listing provided courtesy of Jonathan Nikfarjam of Cbc Advisors.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-17T00:33:29.53. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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