Inglewood, CA 90301 618 W Arbor Vitae Street
$995,000
4 more
Presented By: Marisol Alarcon with Marisol Alarcon, Broker; 310-200-7961
- MLS# SB24252734
- 12/20/2024
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 6
Baths • 5
SQFT • 3,476
Garage • 5
Home Details
Opportunity to own 5 units in prime location of Inglewood. Close to SoFi and freeways. Property consists of 4, one-bedroom units in one building and 1 two-bedroom unit in another building above the garages. Garages are currently unused by tenants, offering opportunities for extra income through parking or conversion. Buyer to check with city. Property requires repairs and updates, which could allow for value appreciation post-renovation. Property's location within a rapidly developing area, may lead to increased property values over time.
Presented By: Marisol Alarcon with Marisol Alarcon, Broker; 310-200-7961
Interior Features for 618 W Arbor Vitae Street
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesSeeRemarks
Total Stories2
Other Rooms
Entry Level1
General for 618 W Arbor Vitae Street
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityInglewood
Community FeaturesUrban
Contingency1031 exchange
CountyLos Angeles
DirectionsEast of La Cienega, West of Inglewood Ave
Electric Expense0.0
Entry LocationGround Level
Fuel Expense0.0
Garage Spaces5.0
Garage Y/NYes
Gross Income0.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense7241.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsExchange1031
Lot Size Square Feet6330.0
Lot Size UnitsSquareFeet
MLS Area102 - South Inglewood
MobileHomeRemainsYNNo
Net Operating Income48826.0
New ConstructionNo
Number Of Units Total5
Number of Units Leased5
Operating Expense18530.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalMixedUse
Property SubtypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
Tax Lot77
Tenant PaysElectricity, Gas
Total Actual Rent5613.0
Trash Expense4550.0
Water Sewer Expense3379.0
Year Built1958
Year Built SourceAssessor
ZoningINC2YY
Exterior for 618 W Arbor Vitae Street
Building Area Total3476.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesCornerLot
Lot Size Acres0.1453
Lot Size Area6330.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters5
Number of Separate Gas Meters5
Number of Separate Water Meters1
Parking FeaturesGarageFacesRear, Unassigned
Private PoolNo
SpaNo
Total Parking5.0
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Hal Schlegel
Broker Associate