228 N Locust Street

    Inglewood, CA 90301
    • $1,162,500
    • STATUS: Closed
    • ON SITE: 198 days
    • ID#: 18321370
    Sold - 07/19/2018
    $1,162,500
    SOLD - 07/19/2018
    • 0
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,111
      SQFT
    • $283
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1942
    County:

    School Ratings & Info

    Description

    Cute, 40's vintage front house with 2 buildings in the rear. The asset has strong curb appeal highlighted by mature trees and a large yard. The front house has a studio in the rear. The second free-standing building is a large 1 bed 1 bath with a front and back door - giving the unit a nice "home-like" feel. The rear building is made up of 3 units and 4 enclosed garages and a large storage room. The front studio unit is non-conforming - a hallway in the front house was closed off, making 2nd unit with the house. The "space" is conforming space, as it is part of the front house. The additional tenancy is nonconforming. Existing rents are low and allow for immediate upside. NO R/C in Inglewood. 10,000 square foot lot zoned R3. 7 townhome development potential. Code allows for a new townhome to be built every 1,400 sq ft. Construction of new townhomes, just in time for the opening of the stadium! Buyer to verify all property details with appropriate city departments, etc.

    Sold by Brice Head of Marcus & Millichap.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-09-24T20:31:58.78. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.homefinderorangecounty.com/homes/81446969

    228 N Locust Street Inglewood, CA 90301

    • Price: $1,349,000
    • Status: Closed
    • Updated: 18 min ago
    • ID#: 18321370
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    4,111
    SQFT
    $283
    $/SQFT
    1942
    Built
    Neighborhood:
    101 - North Inglewood
    County:
    Los Angeles
    Area:
    101 - North Inglewood
    Property Description
    Cute, 40's vintage front house with 2 buildings in the rear. The asset has strong curb appeal highlighted by mature trees and a large yard. The front house has a studio in the rear. The second free-standing building is a large 1 bed 1 bath with a front and back door - giving the unit a nice "home-like" feel. The rear building is made up of 3 units and 4 enclosed garages and a large storage room. The front studio unit is non-conforming - a hallway in the front house was closed off, making 2nd unit with the house. The "space" is conforming space, as it is part of the front house. The additional tenancy is nonconforming. Existing rents are low and allow for immediate upside. NO R/C in Inglewood. 10,000 square foot lot zoned R3. 7 townhome development potential. Code allows for a new townhome to be built every 1,400 sq ft. Construction of new townhomes, just in time for the opening of the stadium! Buyer to verify all property details with appropriate city departments, etc.
    Exterior Features

    Lot Features Sprinklers None Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

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

    Property Features

    Electric Expense 5760.00 Gross Multiplier 17.40 Gross Operating Income 75212.00 Insurance Expense 1400.00 Laundry Income 600.00 Laundry YN No Maintenance Expense 2990.00 Net Operating Income 44701.00 Other Expense 1800.00 Special Listing Conditions Standard Total Expenses 30512.00 Zoning Inr3yy

    Listing provided courtesy of Brice Head of Marcus & Millichap.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-09-24T20:31:58.78. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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