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SOLD 8/12/2021

4017 111th St, Inglewood, CA 90304$2,575,000

14
beds
10
baths
6627
ft2
· 16225
ft2 lot
$396 / ft2

Listing provided courtesy of Listing Broker: Stephen Takahashi, Lyon Stahl Investment Real Estate, Inc.
Source CRMLS;
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4017 W 111th St is an excellent opportunity for one in a 1031 exchange, developer, and/or buyer looking to invest in the rapidly developing city of Inglewood. Located within walking distance from multi-billion dollar projects such as So-Fi Stadium, the Forum, and the future Clippers stadium, this property supports high rental income, where rents are trending up. Situated on a large 16,200 sq ft lot across from the upcoming Hilton Tru Hotel, the C2A zoning offers a unique opportunity to develop. On top of commercial zoning allowances, one has the option to develop projects tied to LAX. Tenants enjoy ample space and privacy where the 9 units are spread out and consist of a 4-plex, two duplexes, and a single family house. The subject property offers plenty of parking with 5 garages(total of 8 spaces), 4 carports, plus surface/uncovered parking. The subject property has easy access to 105 fwy, 405 fwy, and LAX. An investor can also explore the possibility of adding two bonus units increasing the investment to over a 6% CAP rate!**Buyer to Verify** Lastly, the revitalization of Inglewood has just begun. With events such as the 2022 Super Bowl and 2028 Olympics, Inglewood’s becoming a mecca for entertainment in Los Angeles. Don’t miss out on this opportunity!

HOA

$0/month

On market

a month

Year built

1968

Property type

Multi-Family

Parking

18

MLS

SB21119428

Price / Sq.Ft.

$396 / ft2

Status

Closed

Home details for 4017 111th St

Interior Features & Layout
Appliances
•   
Laundry Details: Common Area, Gas Dryer Hookup, Washer Hookup
•   
Laundry: 1
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
Interior Size
•   
Building Area Total: 6627.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Garage Spaces: 8.00
•   
Uncovered Spaces: 6.00
•   
Carport Spaces: 4.00
Building Info
•   
Building Area Units: Square Feet
•   
Stories Total: 2
•   
Year Built Source: Public Records
Lot Info
•   
Lot Features: 0-1 Unit/Acre
•   
Lot Size Source: Public Records
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.3725
•   
Lot Size Area: 16225.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 4
•   
Total Units: 9
Property Features
•   
Common Walls: 2+ Common Walls
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 10
•   
Number Of Separate Gas Meters: 10
•   
Number Of Separate Water Meters: 4
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 157377.00
•   
Water Sewer Expense: 3600.00
•   
Vacancy Allowance Rate: 5.00
•   
Cap Rate: 3.77
•   
Total Actual Rent: 13805.00
•   
Fuel Expense: 900.00
•   
Trash Expense: 1800.00
•   
New Taxes Expense: 32813.00
•   
Insurance Expense: 2500.00
•   
Professional Management Expense: 8283.00
•   
Total Expenses: 58441.00
•   
Gross Scheduled Income: 165660.00
•   
Operating Expense: 58441.00
•   
Gross Multiplier: 15.85
•   
Rent Control Yn: 1
Tax/Assessment Info
•   
Gross Income: 165660.00
•   
Tax Year: 2020
•   
Taxes: 7252.0
Lease Info
•   
Net Operating Income: 98936.00
Listing Info
•   
Status: Closed
Other
•   
Electric Expense: 900.00
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 1
•   
Unit 3 Actual Rent: 1400.00
•   
Unit 3 Total Units: 1
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Garage Spaces: 0.00
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 1400.00
Unit 7 Information
•   
Unit 7 Garage Spaces: 1.00
•   
Unit 7 Bathrooms: 1
•   
Unit 7 Actual Rent: 1560.00
•   
Unit 7 Total Units: 1
•   
Unit 7 Total Rent: 1560.00
•   
Unit 7 Bedrooms: 2
•   
Unit 7 Furnished Units: Unfurnished
Unit 2 Information
•   
Unit 2 Actual Rent: 1400.00
•   
Unit 2 Bedrooms: 1
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Garage Spaces: 1.00
•   
Unit 2 Total Rent: 1400.00
Unit 8 Information
•   
Unit 8 Bathrooms: 1
•   
Unit 8 Garage Spaces: 1.00
•   
Unit 8 Actual Rent: 1550.00
•   
Unit 8 Total Units: 1
•   
Unit 8 Total Rent: 1550.00
•   
Unit 8 Bedrooms: 2
•   
Unit 8 Furnished Units: Unfurnished
Unit 9 Information
•   
Unit 9 Bathrooms: 1
•   
Unit 9 Garage Spaces: 1.00
•   
Unit 9 Actual Rent: 1695.00
•   
Unit 9 Total Units: 1
•   
Unit 9 Total Rent: 1695.00
•   
Unit 9 Bedrooms: 2
•   
Unit 9 Furnished Units: Unfurnished
Unit 1 Information
•   
Unit 1 Bedrooms: 1
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 1.00
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 1325.00
•   
Unit 1 Total Rent: 1325.00
Unit 4 Information
•   
Unit 4 Actual Rent: 1350.00
•   
Unit 4 Total Units: 1
•   
Unit 4 Furnished Units: Unfurnished
•   
Unit 4 Total Rent: 1350.00
•   
Unit 4 Bathrooms: 1
•   
Unit 4 Garage Spaces: 0.00
•   
Unit 4 Bedrooms: 1
Unit 5 Information
•   
Unit 5 Actual Rent: 2250.00
•   
Unit 5 Total Units: 1
•   
Unit 5 Furnished Units: Unfurnished
•   
Unit 5 Total Rent: 2250.00
•   
Unit 5 Garage Spaces: 2.00
•   
Unit 5 Bathrooms: 2
•   
Unit 5 Bedrooms: 3
Multi Unit Information
•   
# Of Units: 9
•   
Number Of Units Leased: 9
Unit 6 Information
•   
Unit 6 Actual Rent: 1325.00
•   
Unit 6 Total Units: 1
•   
Unit 6 Total Rent: 1325.00
•   
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: Curbs, Sidewalks
School Info
•   
Directions: North of Imperial South of Century West of Prairie East of Hawthorne in the Rejuvenating area of Inglewood!
Other
Calculation
•   
Dom: 42
•   
Cdom: 42

Neighborhood snapshot

4
Properties for sale
11.5
Median days on market
$414.20
Median sold price/sqft
96.70%
Sold/List %
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Property History for 4017 111th St

08/12/2021
08/12/2021
Public Record
sold
Public Record
$2,575,000
--1.90%
08/12/2021
08/12/2021
CRMLS #SB21119428
sold
CRMLS #SB21119428
$2,625,000
07/16/2021
07/16/2021
CRMLS #SB21119428
pending
CRMLS #SB21119428
$2,625,000
06/04/2021
06/04/2021
CRMLS #SB21119428
active
CRMLS #SB21119428
$2,625,000
06/03/2021
06/03/2021
CRMLS #SB21119428
other
CRMLS #SB21119428
$2,625,000
+960.14%
See more property history

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