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SOLD 12/30/2020
111 W Ellis Avenue, Inglewood, CA 90302
10
beds
6
baths
5470
ft2
· 7393
ft2 lot
$1,530,000
$265 / ft2
Listing provided courtesy of Listing Broker: Manny Archondo, Re/Max Estate Properties.
Source CRMLS.
Amazing six unit apartment building in the best residential area of Inglewood… The property offers 4 apartments with 2 beds 1bath and 2 apartments with 1 bed 1 bath each… Units have separate electric and gas meters… 6 carport parking spaces with storage boxes… 4 units are rented producing $5,540 per month and 2 units may be rented for $1,800 each. Estimated total rent of $9,140 per month for all units… Coin operated laundry area for tenant convenience and landlord’s extra income… Incredible opportunity to own an income property in one of the most developing and prosperous cities of LA county. Close to Culver City, Marina Del Rey, SoFi Stadium, The Forum, LAX, shopping centers, great restaurants and major freeways. Please do not walk in the property nor disturb tenants.
HOA
$0/month
On market
15 days
Year built
1961
Property type
Multi-Family
Parking
6
MLS
SB20238063
Price / Sq.Ft.
$265 / ft2
Status
Closed
Flyhomes Cash Offer
Based on a price of $1,450,000
Rebate:
Cash Offer Costs:
Net Rebate:
Negotiating Power:
Flyhomes Cash Offer
$0
$0
+$282/day
$0
Best
Flyhomes Guaranteed Offer
$7,250
- -
$7,250
Better
Discount Brokerage
$5,445
not offered
$5,445
Average
Traditional Brokerage
$0
not offered
$0
Variable
Legal Disclaimer: The Savings Calculator is intended for planning and educational purposes only, and should not be solely relied upon in your decision to participate in Flyhomes’ Cash Offer or other programs.Read more
Property Details
Interior Features & Layout
Appliances
•   
Laundry Details: Common Area
•   
Laundry: 1
Interior Features
•   
Electric Details: Electricity - On Property
Rooms Info
•   
Average3 Bed Area Units: Square Feet
•   
Average Studio Area Units: Square Feet
•   
Average2 Bed Area Units: Square Feet
•   
Average1 Bed Area Units: Square Feet
Heating & Cooling
•   
Has Heating
•   
Heating Details: Natural Gas
Interior Size
•   
Building Area Total: 5470.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Garage Spaces: 0.00
•   
Carport Spaces: 6.00
Building Info
•   
Building Area Units: Square Feet
•   
Stories Total: 2
•   
Num Stories: Two, Multi/Split
•   
Year Built Source: Assessor
Lot Info
•   
Zoning: INP1YY
•   
Lot Features: Corner Lot
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.1697
•   
Lot Size Area: 7393.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 6
Property Features
•   
Common Walls: No Common Walls
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 6
•   
Number Of Separate Gas Meters: 6
•   
Number Of Separate Water Meters: 1
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 104196.00
•   
Water Sewer Expense: 6600.00
•   
Laundry Income: 700.00
•   
Vacancy Allowance Rate: 5.00
•   
Maintenance Expense: 1440.00
•   
Cap Rate: 5.18
•   
Laundry Equipment Own Lease: Lease
•   
Total Actual Rent: 5540.00
•   
Trash Expense: 0.00
•   
New Taxes Expense: 17400.00
•   
Insurance Expense: 2900.00
•   
Vacancy Allowance: 5484
•   
Professional Management Expense: 0.00
•   
Other Income Description: Laundry
•   
Total Expenses: 29060.00
•   
Gross Scheduled Income: 109680.00
•   
Operating Expense: 29060.00
•   
Gardener Expense: 720.00
•   
Gross Multiplier: 13.22
Tax/Assessment Info
•   
Gross Income: 700.00
•   
Tax Year: 2020
•   
Taxes: 7409.0
Lease Info
•   
Net Operating Income: 75136.00
Listing Info
•   
Status: Closed
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 2
•   
Unit 3 Actual Rent: 0.00
•   
Unit 3 Total Units: 1
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Garage Spaces: 1.00
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 0.00
Unit 2 Information
•   
Unit 2 Actual Rent: 0.00
•   
Unit 2 Bedrooms: 2
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Garage Spaces: 1.00
•   
Unit 2 Total Rent: 0.00
Unit 1 Information
•   
Unit 1 Bedrooms: 2
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 1.00
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 0.00
•   
Unit 1 Total Rent: 0.00
Unit 4 Information
•   
Unit 4 Actual Rent: 0.00
•   
Unit 4 Total Units: 1
•   
Unit 4 Furnished Units: Unfurnished
•   
Unit 4 Total Rent: 0.00
•   
Unit 4 Bathrooms: 1
•   
Unit 4 Garage Spaces: 1.00
•   
Unit 4 Bedrooms: 2
Unit 5 Information
•   
Unit 5 Actual Rent: 0.00
•   
Unit 5 Total Units: 1
•   
Unit 5 Furnished Units: Unfurnished
•   
Unit 5 Total Rent: 0.00
•   
Unit 5 Garage Spaces: 1.00
•   
Unit 5 Bathrooms: 1
•   
Unit 5 Bedrooms: 1
Multi Unit Information
•   
# Of Units: 6
•   
Number Of Units Leased: 4
Unit 6 Information
•   
Unit 6 Actual Rent: 0.00
•   
Unit 6 Total Units: 1
•   
Unit 6 Total Rent: 0.00
•   
Unit 6 Furnished Units: Unfurnished
•   
Unit 6 Bedrooms: 1
•   
Unit 6 Garage Spaces: 1.00
•   
Unit 6 Bathrooms: 1
School Neighborhood & Directions
Location
•   
Community Features: Urban
•   
Directions: West of La Brea
Other
Calculation
•   
Dom: 4
•   
Cdom: 4
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: May 14, 2021 7:05am
Neighborhood snapshot
31
Properties for sale
11
Median days on market
$485.91
Median sold price/sqft
101.07%
Sold/List %
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Property History
12/30/2020
12/30/2020
CRMLS #SB20238063
sold
CRMLS #SB20238063
$1,450,000
--5.23%
12/29/2020
12/29/2020
Public Record
sold
Public Record
$1,530,000
+5.52%
11/17/2020
11/17/2020
CRMLS #SB20238063
pending
CRMLS #SB20238063
$1,450,000
11/13/2020
11/13/2020
CRMLS #SB20238063
active
CRMLS #SB20238063
$1,450,000
+860.26%
03/25/1988
03/25/1988
Public Record
sold
Public Record
$151,000
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