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$1159000   Price Analysis
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414 E Arbor Vitae St
Inglewood, CA 90301
5 bed 4 bath 2452 SqFt ($472/SqFt)
7211SqFt lot. Built 1951
Listed 2023-12-08, Taxes $11672
Ⓧ USDA Ineligible
due to price & location

near Inglewood

Just four blocks from the main entrance to SoFi Stadium and enviably convenient to LAX

* Has Contingent Offer *

This beautifully maintained multi-family fourplex offers an outstanding location in Inglewood. Settled on a roomy homesite that spans nearly 7, 211 square feet, the property features two single-level one-bedroom, one-bath apartments in the front. Accessed by a private driveway, the back area hosts a two-story building with a two-bedroom, one-bath apartment complete with a balcony located over a three-car garage. The low er level is home to vacant one-bedroom, one-bath apartment with white stone fireplace, a laundry room and a covered and enclosed patio measuring 11' by 26'.

Depending on the unit, upgrades include upgraded plank and tile flooring, designer paint, mirrored wardrobe doors, upgraded bathrooms with custom tile and remodeled kitchens that showcase Shaker cabinetry and stainless steel appliances. All four apartments offer a combined total of approximately 2, 452 square feet. Each residence has its own gas and electric meters and the property proudly displays mature and manicured landscapng that includes an inviting front lawn. Enjoy an annual 5% rental increase, plus CPI (not to exceed 10%), providing a tremendous opportunity to increase rents year over year. Conveniently located near a city park, schools, retail shopping centers, hospitals and the new Kia Forum.


Presented by Jason S. Lowery at
COMPASS.
Listing Agent Photo

Property MLS #SB23219140 from CRMLS

Bedrooms: 5

Laundry Features: Individual Room

Full Bathrooms: 4

Lot Description: Back Yard, Front Yard, Lawn, Lot 6500-9999, Rectangular Lot
Lot Size Acres: 0.1655418
Lot Size Dimensions: 47'x158'
Lot Size Source: Assessor
Lot Size Square Feet: 7211

Road Frontage Type: City Street

Garage Spaces: 3
Parking Features: Parking YN: Yes, Parking Features: Garage - Three Door
Parking Total: 4

View: Neighborhood

Number of Units: 4
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Unit-1 Garage Spaces: 1
Unit-2 Garage Spaces: 1
Unit-3 Garage Spaces: 1

Calculated Total Monthly Association Fees: 0

Tenant Pays: Cable TV, Electricity, Gas
Rent Control: Yes

Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights

Source Listing Status: Active Under Contract
County: Los Angeles
Source Property Type: Residential Income
Insurance Expense: 2800.00
Area: 102 - South Inglewood
Source Neighborhood: 102 - South Inglewood
Number of Separate Electric Meters: 4
Number of Separate Gas Meters: 4
Number of Separate Water Meters: 1
Parcel Number: 4024015008
Postal Code Plus 4: 3499
Trash Expense: 924.00
Zoning: INRM
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$190654 + $633798
$824452
$11672
2021$186916 + $621371
$808287
$11571
2020$185000 + $615000
$800000
$11059
2019$48542 + $33597
$82139
$1957
2018$47591 + $32939
$80530
$1822
2017$46658 + $32294
$78952
$1780
2016$45744 + $31661
$77405
$1696
2015$45057 + $31186
$76243
$1676
2014$44175 + $30576
$74751
$1694
2013$43976 + $30438
$74414
$1676
2012$43114 + $29842
$72956
$1627
2010$42269 + $29257
$71526
$1586
2009$42054 + $29108
$71162
$1545
2009$41954 + $29039
$70993
$1545
2008$41230 + $28538
$69768
$1477
2007$40422 + $27979
$68401
$1606

Relisted 2024-02-20
$1159000
CRMLS
Listing removed 2024-01-19
$0
CRMLS
Listed 2023-12-08
$1159000
CRMLS
Sold 2019-11-27
$800000
CRMLS

Net Operating Income: 47495.00

Total Square Feet Living: 2452
Year Built: 1951
Building Features: 2
Common Walls: 1 Common Wall
Entry Level: 1
Entry Location: Front
Property Age: 73
Property Attached: Yes
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Quadruplex
Year Built Source: Assessor

Electric: Standard
Sewer: Sewer: Public Sewer, Water Sewer Expense: 1587.00
Electricity Connected
Natural Gas Connected
Sewer Connected
Water Source: Public

Payne (Beulah) Elementary School is a public elementary and middle school located approximately 0.4 miles away.
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Morningside High School is a public high school located approximately 1.2 miles away.
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Wiz Schools is a private elementary school located approximately 0.3 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.