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420 W Queen St

Inglewood, CA 90301
  • $1,925,000
  • STATUS: Closed
  • ON SITE: 468 Days
  • ID#: 21-748878
Sold - 12/15/2021
$1,925,000
SOLD - 12/15/2021
  • 11
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,064
    SQFT
  • $0
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1962
County:

School Ratings & Info

Description

Great investment opportunity in the desirable section of the Northwest section of Inglewood close to City Hall, LAX, future NFL stadium and the Forum. The property offers a desirable unit mix consisting of three (3) 1+1, two (2) 2+1 and two (2) 2-1.5 units. Six (6) of the seven (7) units have been updated. The property has a total of seven (7) parking spaces; (four (4) garages and three (3) tuck under spaces). Rents are low and there is substantial upside for the future buyer. There is an on-site laundry room and the equipment is owned by the seller which brings in additional income. The utilities are individually metered and offers gated entry, individual patios & balconies and 2 units have individual fireplaces. PLEASE NOTE: (1) DO NOT DISTURB THE TENANTS. (2) All offers to be submitted on a CAR Form RIPA (3) Books & records and physical inspection with accepted offer. (4) Buyer to provide proof of funds with offer. (5) Seller to select all services. (6) Property sold as is condition.

Sold by Samir Rai BRE#00609154 of Keystone Realty Group.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-09-26T17:43:17.673. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.brandiprattrealestate.com/homes/118232669
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420 W Queen St Inglewood, CA 90301

  • Price: $2,095,000
  • Status: Closed
  • On Site: 468 Days
  • Updated: 17 min ago
  • ID#: 21-748878
11
Beds
0
Baths
0
½ Baths
0.18
Acres
6,064
SQFT
$0
$/SQFT
1962
Built
Neighborhood:
North Inglewood
County:
Los Angeles
Area:
North Inglewood
Property Description
Great investment opportunity in the desirable section of the Northwest section of Inglewood close to City Hall, LAX, future NFL stadium and the Forum. The property offers a desirable unit mix consisting of three (3) 1+1, two (2) 2+1 and two (2) 2-1.5 units. Six (6) of the seven (7) units have been updated. The property has a total of seven (7) parking spaces; (four (4) garages and three (3) tuck under spaces). Rents are low and there is substantial upside for the future buyer. There is an on-site laundry room and the equipment is owned by the seller which brings in additional income. The utilities are individually metered and offers gated entry, individual patios & balconies and 2 units have individual fireplaces. PLEASE NOTE: (1) DO NOT DISTURB THE TENANTS. (2) All offers to be submitted on a CAR Form RIPA (3) Books & records and physical inspection with accepted offer. (4) Buyer to provide proof of funds with offer. (5) Seller to select all services. (6) Property sold as is condition.
Exterior Features

Covered Parking 7 Lot Size Area 7687 Other Structures None Parking Garage Covered Parking Paved YN Yes Roof Flat Sprinklers None Total Parking 7

Interior Features

Baths Total 10.00 Cooling None Equipment Garbage Disposal Foundation Details Slab Heating Wall Electric Laundry Community Water Heater Features Electric

Property Features

Alley YN Yes Assessed Total Value 832659 Gross Income 137277 Gross Operating Income 133159 Like Units1 3 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Net Operating Income 86889.00 Number Of Buildings 1 Number Of Units 7 Rent Control YN Yes Sale Type Standard Security Features Automatic Gate Sewer In Street Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 46269 Type Of Units Apartments Water Public Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Inr4*

Listing provided courtesy of Lawrence Cannizzaro DRE#00609154 of Lawrence Frank Cannizzaro: 310-963-4870.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-09-26T17:43:17.673. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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eXp Realty of California, Inc.
2603 Camino Ramon, Suite 200
San Ramon CA, 94583