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915 Glenway Drive, Inglewood, CA 90302$1,295,000

3
beds
2
baths
3977
ft2
· 6900
ft2 lot
$326 / ft2

Listing provided courtesy of Michael Tootikian, Keller Williams Realty-Studio City
Source CRMLS;
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Reduced! First time on the market in over 40 years! 915 Glenway Drive is a true value-add investment opportunity located in one of the most sought-after locations in all of Los Angeles, in the city of Inglewood. This 2 Story garden-style apartment building has an excellent unit mix consisting of Four (4) 2 bedroom1 bath, and One (1) one bedroom 1 bath units. Corner lot with an approximate building square feet of 3,977 living area and a lot size of approximately 6,900 square feet of land. Built in 1956, the subject property is fully occupied with approximately 48% upside in rents. Separately metered for gas and electric, garage parking and washer/dryer hookups in each unit, and individual hot water heaters. The subject property is due for rent increases and the City of Inglewood allows for landlords to increase rents on an annual basis, thereby immediately adding value to the property. Call Listing Agent for details. 915 Glenway Drive is located on the corner Glenway Drive and Hardin Dr right off La Cienega Blvd, North of Florence Avenue and South of Centinela Avenue. Great Location near Ladera Heights and in close proximity to shopping, schools and transportation.

HOA

No HOA

On market

2 months

Year built

1956

Property type

Multi-Family

Parking

5

MLS

SR22172170

Price / Sq.Ft.

$326 / ft2

Status

Active Under Contract

Buyer’s Brokerage Commission

2%

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Home details for 915 Glenway Drive

Interior Features & Layout
Appliances
•   
Laundry Details: 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: 3977.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Garage Spaces: 5.00
Building Info
•   
Building Area Units: Square Feet
•   
Zoning: INR3YY
•   
Year Built Source: Assessor
Lot Info
•   
Lot Features: Corner Lot
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.1584
•   
Lot Size Area: 6900.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 5
Property Features
•   
Common Walls: 2+ Common Walls
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 5
•   
Number Of Separate Gas Meters: 5
•   
Number Of Separate Water Meters: 1
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer
Listing Details, Costs & Financing Information
Financial Info
•   
Water Sewer Expense: 0.00
•   
Fuel Expense: 0.00
•   
Trash Expense: 0.00
•   
Insurance Expense: 0.00
•   
Professional Management Expense: 0.00
•   
Total Expenses: 30805.00
•   
Gross Scheduled Income: 79800.00
•   
Operating Expense: 30805.00
•   
Rent Control Yn: 1
Tax/Assessment Info
•   
Gross Income: 79800.00
•   
Tax Year: 2021
•   
Taxes: 6458.66
Lease Info
•   
Net Operating Income: 46717.00
Listing Info
•   
Status: Active Under Contract
Other
•   
Electric Expense: 0.00
Multi Unit Information
Unit 2 Information
•   
Unit 2 Actual Rent: 1100.00
•   
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: 1100.00
Unit 1 Information
•   
Unit 1 Bedrooms: 2
•   
Unit 1 Total Units: 4
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 4.00
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 1388.00
•   
Unit 1 Total Rent: 5550.00
Multi Unit Information
•   
# Of Units: 2
•   
Price Per Unit: 259000
School Neighborhood & Directions
Location
•   
Community Features: Curbs
School Info
•   
Directions: East of La Cienega Blvd, South of Centinela Avenue, Northeast Corner of Hardin and Glenway
Other
Calculation
•   
Dom: 28
•   
Cdom: 28

Neighborhood snapshot

19
Properties for sale
10.5
Median days on market
$463.63
Median sold price/sqft
101.32%
Sold/List %
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Property History for 915 Glenway Drive

08/17/2022
08/17/2022
CRMLS #SR22172170
active
CRMLS #SR22172170
$1,295,000
--5.82%
08/04/2022
08/04/2022
CRMLS #SR22172170
active
CRMLS #SR22172170
$1,375,000

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