$1,455,000
$1,550,000
6.1%For more information regarding the value of a property, please contact us for a free consultation.
7,405 Sqft Lot
SOLD DATE : 12/23/2019
Key Details
Sold Price $1,455,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB19240357
Sold Date 12/23/19
HOA Y/N No
Year Built 1958
Lot Size 7,405 Sqft
Acres 0.17
Property Description
514 East Queen Street is a 5-unit apartment building located in the best part of Inglewood - one mile from the new Hollywood Park neighborhood development and Sofi Stadium (future home to the NFL’s Los Angeles Rams and Chargers)!
This large, 4,796 SF structure was built in 1958 and has a desirable unit mix of three (3) 2-bed/1-bath, and two (2) 1-bed/1-bath (each unit is individually metered for gas and electric).
Recent improvements include a new roof, new paint and upgrades to the interiors which include marble countertops, new carpet, new appliances, and new lighting.
Situated on 7,288 SF of land this property has been well-maintained and features a beautifully landscaped yard, with parking for seven (7) vehicles (4 carport spaces in front, a 2 car garage, and 1 open space in back) and an on-site laundry room.
Each unit is due an annual rent increase providing immediate rent upside. Given the prime North Inglewood location, this is an amazing multifamily investment.
Location
State CA
County Los Angeles
Area 101 - North Inglewood
Zoning INR3YY
Rooms
Ensuite Laundry Common Area, Outside
Interior
Laundry Location Common Area,Outside
Fireplace No
Laundry Common Area, Outside
Exterior
Garage Assigned
Garage Spaces 2.0
Carport Spaces 4
Garage Description 2.0
Pool None
Community Features Curbs, Sidewalks
Parking Type Assigned
Total Parking Spaces 7
Private Pool No
Building
Lot Description Landscaped
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4021005002
Energy Description 300.0
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
Special Listing Condition Standard
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Bought with Merrie Kung • Rodeo Realty - Beverly Hills