This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
711 Walnut Street, Inglewood, CA 90301
$1,550,000
711 Walnut Street, Inglewood, CA 90301View this property at 711 Walnut Street, Inglewood, CA 90301
711 Walnut StreetInglewoodCA90301
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
Property Description
711 Walnut Street presents a unique opportunity to acquire a 7-unit multi-family property in Inglewood, CA, strategically positioned at the nexus of the beach cities, LAX, and downtown Los Angeles. Tenants will enjoy immediate access to renowned retail centers and entertainment hubs such as SoFi Stadium, Hollywood Park, KIA Forum, and the upcoming Intuit Dome. The pocket location is nestled in a charming neighborhood on a tree-lined street blending garden apartments with residential housing. Embracing a vintage mid-century modern style architecture characterized by bold lines and overhanging eaves reminiscent of the aesthetics found in Palm Springs. This property boasts a diverse unit mix comprised of: - ONE (1) 3-bedroom | 2-bathroom unit; TWO (2) 2-bedroom | 2-bathroom units; and FOUR (4) 1-bedroom | 1-bathroom units. Rental Units are large (blended avg. over 1,000 SF each) and provide ample natural lighting. The property features semi-subterranean and garaged parking, on-site laundry, pool, and separate gas and electric metering for each unit. The potential for significant value enhancement is substantial, with current rents reflecting potential upside of over 50%. There is also an opportunity for a savvy investor to assume the existing CHASE loan, offering advantageous terms with +/-6 years remaining at a fixed rate of 4.49%. The terms require a 1% assumption fee and a $2,000 processing fee. This property presents an excellent investment prospect for those seeking immediate cash flow and long-term growth potential!
Full Property Details
Full Property Details for 711 Walnut St
General
- Sold For: $1,550,000
- Status: Closed
- Type: Multi-Family
- MLS ID: SR23210133
- Added to Site: 187 day(s) ago
Rooms
Other Rooms
- Laundry: Common Area
Additional Information
- Pool Description: Private, Association, Community, Fenced
Parking
- Garage Spaces: 12
- Parking Features: Assigned, Covered, Concrete, Garage
- Parking: Assigned, Covered, Concrete, Garage
Location
- Area: 101 - North Inglewood
- County: Los Angeles
- Development Name: 101 - North Inglewood
- Driving Directions: Subject property located mid-block on Walnut St.
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 7
- # Gas Meters: 7
- # Electric Meters: 7
Structural Information
- Entry Location: From Walnut
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 7,793
- Year Built: 1964
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 3
Unit 2
- Number of Units: 2
- Total Bathrooms: 2
- Bedrooms: 2
Unit 3
- Number of Units: 4
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.2212
- Lot Size Source: Assessor
- Zoning: INR3YY
- Lot Description: Level
Financial Considerations
- Price Per Sq. Ft.: $198.9
- Price Per Unit: 217857
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
Listed and Sold by LB Property Management Inc, Matthew Sillaman
Get Pre-Approved Today
Schools
Schools serving 711 Walnut St
School District:Inglewood Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
331 W Olive St, Inglewood, CA 90301 | K-6 | 0.4 mi | |
120 W Regent St, Inglewood, CA 90301 | 6-8 | 0.6 mi | |
10500 Yukon Ave, Inglewood, CA 90303 | 9-12 | 1.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 711 Walnut St
Date
Details
Price
Change
Source
12/15/2023
Sold
$1,550,000
1.64%
MLS
11/12/2023
Listed
$1,525,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
711 Walnut Street, Inglewood, CA 90301 (MLS# SR23210133) is a Multi-Family property that was sold at $1,550,000 on December 15, 2023. Want to learn more about 711 Walnut Street? Do you have questions about finding other Multi-Family real estate for sale in Inglewood? You can browse all Inglewood real estate or contact a Coldwell Banker agent to request more information.