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940 Larch St, Inglewood, CA 90301
$5,199,000
940 Larch St, Inglewood, CA 90301View this property at 940 Larch St, Inglewood, CA 90301
940 Larch StInglewoodCA90301
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Property Description
A value-add, 18 unit investment in a location 'on the come'.... in the shadow SoFi Stadium, America's highest grossing concert venue in 2023. Grossing $175MM and also employing 2,600 event day employees. SoFi is next door to the West Coast Headquarters of the NFL - 1,000 local employees and $20B in 2023 revenue. Next to that, the YouTube Theater - and The Forum, 5 minutes to the North and the new, $2B Intuit Dome, 5 minutes to the South. Lastly, the subject property is a block from Centinela Hospital, with 1,332 employees. Forgot to mention, the 57,000 badge holders at LAX, nearby, as well. The building has a secured-access, renovated lobby, leading to a landscaped courtyard. In addition, there are newer windows throughout. Secured-access, carport parking, in rear. Thirteen 1s, Five 2s, 13K sq. ft. on a massive, 18K+ footprint. 5% cap from the jump. The building is a 'No Brainer' operationally and affords you a path toward a 6.5% market cap rate. EXCLUSIVELY LISTED AT $5,199,000.
Full Property Details
Full Property Details for 940 Larch St
General
- Price: $5,199,000
- Status: Active
- Type: Multi-Family
- MLS ID: 24-379261
- Updated: 4/11/2024
- Added to Site: 24 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 18
Bedrooms
- Total Bedrooms: 23
Additional Information
- Other Features: None
Parking
- Garage Description: Carport
Location
- Area: South Inglewood
- County: Los Angeles
- Driving Directions: Near Arbor Vitae & Prairie
Heating & Cooling
- Cooling Type: None
- Heating Type: Wall
Structural Information
- # Buildings: 1
- Stories/Levels: 0
- Square Feet: 12,665
- Sq. Ft. Source: Vendor Enhanced
- Year Built: 1959
- Year Built Source: Vendor Enhanced
Unit Information
- Units in Complex: 18
- Unit Type: 2106, 2107
Unit 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Total Bathrooms: 1
- Bedrooms: 2
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.4222
- Lot Size: 18389
- Lot Size Source: Vendor Enhanced
- Zoning: INR3YY
Financial Considerations
- Price Per Sq. Ft.: $410.5
- Assessment Year: 1959
Disclosures and Reports
- Disclosures/Reports: None
- APN: 4024-015-026
Listed by CBRE, Inc., Brice Head
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Schools
Schools serving 940 Larch St
School District:Inglewood Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
215 W 94th St, Inglewood, CA 90301 | K-6 | 0.4 mi | |
120 W Regent St, Inglewood, CA 90301 | 6-8 | 0.9 mi | |
10500 Yukon Ave, Inglewood, CA 90303 | 9-12 | 1.2 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 940 Larch St
Date
Details
Price
Change
Source
4/08/2024
Listed
$5,199,000
184.88%
MLS
7/19/2006
Sold
$1,825,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 940 Larch St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$33,425
-2%
$2,351,759
2%
2022
$33,997
1%
$2,305,678
2%
2021
$33,702
4%
$2,260,501
1%
2020
$32,268
2%
$2,237,340
2%
2019
$31,742
1%
$2,191,903
2%
2018
$31,536
3%
$2,148,925
2%
2017
$30,580
3%
$2,106,790
2%
2016
$29,784
1%
$2,065,482
2%
2015
$29,506
2%
$2,034,458
4%
2014
$28,929
22%
$1,950,000
27%
2013
$23,669
—
$1,530,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 940 Larch St
940 Larch St, Inglewood, CA 90301 (MLS# 24-379261) is a Multi-Family property with units containing 23 bedrooms and 0 full bathrooms. 940 Larch St is currently listed for $5,199,000 and was received on April 08, 2024. Want to learn more about 940 Larch St? 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.