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$1,050,000   Price Analysis
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881 Kincaid Ave
Inglewood, CA 90302
3 bed 3 bath 1,950 SqFt ($538/SqFt)
5,254SqFt lot. Built 1955
Listed 2024-03-27, Taxes $1,900
Ⓧ USDA Ineligible
due to price & location

near Inglewood

Calling all Savvy Investors and Handy Homeowners!

This charming triplex in the desirable North In glewood area offers the perfect blend of income potential, sweat equity and built-in rent growth for the future-focused owner user buyer. Live comfortably in one vast unit while collecting rent from the other two. Inglewoods rent control laws allow for annual increases of up to 10% for under market rented unts, giving you a clear path to reaching market rent within 2-3 years, maximizing your income stream.

The upside is yours. While the property boasts a solid foundation and well-maintained structure, there's room for cosmetic improvements to unlock its full potential. A large backyard for possible other opportunity, maybe additional structure. Channel your inner DIY spirit and personalize each unit, increasing overall value and future rent. Located on a cul-de-sac, minutes away from the 405 fwy, shopping, restaurants, LAX, SoFi Stadium, the Forum, the Westside and more. The owner user unit #1 will be delivered vacant.


Presented by Joe Rudd at
Keller Williams Realty-Studio City.
Listing Agent Photo

Property MLS #SR24056860 from CRMLS

Bedrooms: 3

Ceiling Fan(s)
Copper Plumbing Partial
Unfurnished
Door Features: Sliding Doors
Flooring: Carpet, Laminate
Window Features: Blinds, Shutters

Appliances: Gas Range, Refrigerator, Vented Exhaust Fan, Water Heater
Appliances YN: Yes
Laundry Features: Common Area, Dryer Included, Individual Room, Outside, Stackable, Washer Included

Galley Kitchen, Living Room

Cooling Features: Wall/Window Unit(s), Whole House Fan
Heating Features: Natural Gas, Wall Furnace
Heating: Yes

Full Bathrooms: 3

Lighting
Rain Gutters
Satellite Dish
Fencing: Fence YN: Yes, Fencing: Block, Wrought Iron
Other Structures: Gazebo, Shed(s)
Road Frontage Type: City Street
Road Surface Type: Paved

Lot Description: Back Yard, Cul-De-Sac, Landscaped, Lawn, Level with Street, Rectangular Lot, Level, Near Public Transit, Park Nearby, Patio Home, Paved, Sprinkler System, Sprinklers In Front, Sprinklers In Rear, Sprinklers Manual, Sprinklers On Side
Lot Size Acres: 0.1206152
Lot Size Source: Assessor
Lot Size Square Feet: 5254

Garage Spaces: 3
Parking Features: Parking YN: Yes, Parking Features: Assigned, Driveway, Concrete, Driveway Level, Garage, Garage Faces Front, Garage - Three Door, Side by Side
Parking Total: 6

View: Courtyard

Association Amenities: Water
Gardener Expense: 3840.00

Number of Units: 3
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Unit-1 Garage Spaces: 3

Number of Units Leased: 2
Tenant Pays: Cable TV, Electricity, Gas, Telephone
Rent Control: Yes

Community Features: Biking, Curbs, Park, Sidewalks, Storm Drains, Street Lights, Urban

Source Listing Status: Active
County: Los Angeles
Other Expense: 120.00
Source Property Type: Residential Income
Insurance Expense: 2679.00
Area: 101 - North Inglewood
Source Neighborhood: 101 - North Inglewood
New Taxes Expense: 1883.00
Number of Separate Electric Meters: 3
Number of Separate Gas Meters: 3
Number of Separate Water Meters: 1
Parcel Number: 4017015027
Pest Control Expense: 250.00
Postal Code Plus 4: 3976
Trash Expense: 844.00
Zoning: INR3YY
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$71,025 + $22,174
$93,199
$1,900
2021$69,633 + $21,740
$91,373
$1,882
2020$68,919 + $21,518
$90,437
$1,733
2019$67,568 + $21,097
$88,665
$1,707
2018$66,244 + $20,684
$86,928
$1,656
2017$64,946 + $20,279
$85,225
$1,615
2016$63,673 + $19,882
$83,555
$1,556
2015$62,717 + $19,584
$82,301
$1,537
2014$61,489 + $19,201
$80,690
$1,548
2013$61,212 + $19,115
$80,327
$1,533
2012$60,012 + $18,741
$78,753
$1,484
2010$58,836 + $18,374
$77,210
$1,444
2009$58,536 + $18,281
$76,817
$1,412
2009$58,397 + $18,237
$76,634
$1,412
2008$57,389 + $17,923
$75,312
$1,349
2007$56,264 + $17,572
$73,836
$1,432

Listed 2024-03-27
$1,050,000
CRMLS
Listed 2024-03-27
$1,050,000
CRMLS
Listing removed 2023-02-19
$1,100,000
CRISNET
Listing removed 2023-02-19
$1,100,000
CRISNET
Listed 2022-09-20
$1,100,000
CRISNET
Listed 2022-09-09
$1,100,000
CRISNET
Sold 1976-07-08
$42,000
Public Record

Net Operating Income: 23526.00

Total Square Feet Living: 1950
Year Built: 1955
Building Features: 1
Common Walls: 2+ Common Walls
Construction Materials: Concrete, Stucco
Entry Level: 1
Entry Location: First and second floor
Foundation Details: Raised
Property Age: 69
Property Attached: Yes
Roof: Shingle
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Triplex
House Style: Traditional
Year Built Source: Assessor

Electric: Electricity - On Property
Sewer: Sewer: Public Sewer, Water Sewer Expense: 844.00
Cable Connected
Electricity Connected
Natural Gas Connected
Phone Connected
Sewer Connected
Water Connected
Water Source: Public

Doors - Swing In

Highland Elementary School is a public elementary school located approximately 0.2 miles away.
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Inglewood High School is a public high school located approximately 1.1 miles away.
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A. F. Williams Christian Academy is a private elementary school located approximately 0.2 miles away.
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La Tijera K-8 Charter School Academy of Excellence is a public elementary and middle school located approximately 0.5 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.