632 Walnut Street

    Inglewood, CA 90301
    • $2,495,000
    • STATUS: Active Under Contract
    • ON SITE: 68 days
    • ID#: 19477800
    Under Contract
    UPDATED: 27 min ago
    $2,495,000
    • 0
      BEDS
    • 0.26
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,524
      SQFT
    • $293
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1962
    County:

    School Ratings & Info

    Description

    Located within 1 Mile of The Forum & the Upcoming NFL Ram's Stadium -Centrally Located Near LAX Airport, Crenshaw/LAX Metro Station & Hollywood Park Development -Remodeled Three-Bedroom Owner's Unit with Fireplace & Washer/Dryer Hook-Ups -Gated Building with Pool, Partial Copper Plumbing, Nine Parking Spaces, & On-Site Laundry Facility -New Roof with Warranty, Done by Permit in 2019 -Four Remodeled Units & Almost All Units Have Balconies -Over 31% in Rental Upside -5.29% Pro-Forma Cap Rate & 12.67 Pro-Forma GRM

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-08-21T07:30:45.797. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Go Gabby | RE/MAX Estate Properties. Licensed in the State of California, USA.
    www.gogabby.com/homes/95907293

    632 Walnut Street Inglewood, CA 90301

    • Price: $2,495,000
    • Status: Active Under Contract
    • Updated: 27 min ago
    • ID#: 19477800
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.26
    Acres
    8,524
    SQFT
    $293
    $/SQFT
    1962
    Built
    Neighborhood:
    101 - North Inglewood
    County:
    Los Angeles
    Area:
    101 - North Inglewood
    Property Description
    Located within 1 Mile of The Forum & the Upcoming NFL Ram's Stadium -Centrally Located Near LAX Airport, Crenshaw/LAX Metro Station & Hollywood Park Development -Remodeled Three-Bedroom Owner's Unit with Fireplace & Washer/Dryer Hook-Ups -Gated Building with Pool, Partial Copper Plumbing, Nine Parking Spaces, & On-Site Laundry Facility -New Roof with Warranty, Done by Permit in 2019 -Four Remodeled Units & Almost All Units Have Balconies -Over 31% in Rental Upside -5.29% Pro-Forma Cap Rate & 12.67 Pro-Forma GRM
    Exterior Features

    Lot Size Source Estimated Lot Size Units Square Feet Parking Features Covered Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Cap Rate 3.50 Electric Expense 2040.00 Fuel Expense 1620.00 Gross Multiplier 16.65 Gross Operating Income 143982.00 Improvements Amount 226328 Insurance Expense 3836.00 Land Value 72241 Laundry Income 1680.00 Laundry YN Yes Maintenance Expense 2700.00 Net Operating Income 87420.00 Number Of Separate Electric Meters 9 Number Of Separate Gas Meters 9 Other Expense 1800.00 Pool Expense 1800.00 Special Listing Conditions Standard Taxes Percent 1.40 Total Actual Rent 143982.00 Total Expenses 56646.00 Vacancy Allowance 7578 Vacancy Allowance Rate 5.00 Water Sewer Expense 7200.00 Zoning Inr3yy

    Listing provided courtesy of Jonathan Nikfarjam of Shield Cre, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-08-21T07:30:45.797. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Go Gabby | RE/MAX Estate Properties. Licensed in the State of California, USA.
     
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