712 S Fir Ave
Inglewood, CA 90301

Bd   Ba   8,025 Sqft   32 Days
This eight-unit apartment complex is located less than one mile from the new Hollywood Park neighborhood development and future NFL Stadium! This 8,025 sq. ft. structure was built in 1960 and is situated on a large 9,315 sq. ft. lot. The property has an amazing unit mix including a 3-bed/2.5-bath owner’s unit that is nearly 1,500 sq. ft., three very large 2-bed/1.5-bath units and four spacious 1-bed/1-bath units. The units are well laid out, every unit has a private patio or balcony and many of the units have been remodeled with vinyl plank flooring and LED lighting. Additionally, the building has concrete subfloors, partial copper plumbing and has been completely renovated by the FAA Sound Insulation Program to include the following major upgrades: new electrical system, individual HVAC units, new double pane windows and sound proof doors. The property has gated parking with phone entry allowing tenants access to nine total parking spaces (7 carport spaces, 1 closed garage, & 1 open space). Onsite amenities include a laundry room with a washer & dryer and a separate storage room. The annualized gross scheduled income is more than $125,000/year and offers investors more than 30% in rental upside. At only $256,250/unit and $255.45/sq. ft. this investment opportunity will not last long!
  • $0 HOA
  • $255/Sqft
  • MLS#SB17193632 provided by Brett Lyon of Lyon Stahl Investment RE, Inc.
  • Movoto last checked CRMLS for new data 50 minutes ago
  • CRMLS last updated this listing 1 week ago

Home Features for 712 S Fir Avenue, Inglewood

Year Built: 1960
Lot Size Acres: 0.21
Lot Size Square Feet: 9315
Lot Size Units: Square Feet
Lot Size Area: 9315
Price Per Square Foot: 255.45
Tax Lot: 23
Tax Tract Number: 2
New Taxes Expense: 28231
Parcel Number: 4022025013
Tax Census Tract: 6012.12
Special Listing Conditions: Standard
Standard Status: Pending
Exterior
Levels: Two
Common Walls: 2+ Common Walls
Building Area Units: Square Feet
Average 2nd Bedroom Area Units: Square Feet
Average Studio Area Units: Square Feet
Number Of Buildings: 1
Average 3rd Bedroom Area Units: Square Feet
Average 1st Bedroom Area Units: Square Feet
Building Area Total: 8025
Uncovered Spaces: 1
Carport Spaces: 7
Parking Total: 9
Garage Spaces: 1
Number Of Units Total: 8
Property Attached Y/N: 1
Amenities / Utilities
Laundry Features: Individual Room
Community Features: Sidewalks
Pool Features: None
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Property History for 712 S Fir Avenue, Inglewood

Status
Date
Price
Pending
Sep 13, 2017
Listed
Aug 21, 2017
$2,050,000
#SB17193632

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Real Estate Market Statistics for 712 S Fir Avenue, Inglewood

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712 S Fir Avenue

No data!
Los Angeles County
Inglewood
90301
List Price
Price/Sqft
Homes for Sale
Days on Movoto

List Price

$2.05M

712 S Fir Avenue

$460K

90301

15% y/y

90301

$560K

Inglewood

4% y/y

Inglewood

-

Los Angeles County

- y/y

Los Angeles County

See all trends for Inglewood
As of today, there are 9 properties listed for sale in ZIP code 90301 and 33 properties listed for sale in the city of Inglewood, CA. This property at 712 S Fir Ave in 90301 is currently listed for $2,050,000. This is 266% above the $560,000 median price for Inglewood and 346% above the 90301 median of $460,000. Of the 33 properties for sale in Inglewood, 21 are single family homes and 12 are condos. 712 S Fir Ave is a multi family home that is approximately 8,025 square feet, 498% above the Inglewood median of 1,343 and 646% above the 90301 ZIP code median of 1,076. The price per Sqft is $255, which is 30% below the median price in 90301 of $363 and 40% below the Inglewood median of $422 per Sqft.
Built in 1960, this multi family house at 712 S Fir Ave is approximately 8,025 square feet and comes with 9 parking spots. It is listed on 08/21/2017 with a cost per Sqft of $255. 712 S Fir Ave is located in the Inglewood Unified School District. The closest school is Hudnall (Claude) Elementary School.

712 S Fir Ave has been on the market for 32 days. The median days on the market for properties in this area is 20 with a median list price of $560,000 and median cost per square foot of $422. It's currently listed as pending under the MLS #SB17193632.

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