A Fantastic Investment Opportunity to own a 2 story, 7 unit apartment complex with a great unit mix consisting of (1) 3 bedrooms-3 baths, (2) 2 bedrooms-2 baths, and (4) 1 bedroom-1 bath units. This apartment building is centrally located near the LAX airport, Sofi Stadium, West Los Angeles, the South Bay and local beaches. The building is well laid out and also features 11 carport parking spaces that are larger than normal. The complex also generates additional income from an onsite laundry room and rented parking spaces. This property offers a huge upside in rents. Property is being sold “as is” and with no warranties or guarantees. Please do not disturb tenants. Property will only be shown with an accepted offer.
Sold for $1,500,000
Listed by: First Team Real Estate • Giovanni Mejia • Contact: 949-216-0110
Bought with: Lyon Stahl Investment Real Estate, Inc.
$1,500,000
701 S Grevillea Ave, Inglewood, CA 90301
11beds
11baths
8,102sqft
Multi Family
Built in 1963
-- sqft lot
$1,488,000 Zestimate®
$185/sqft
$2,596 Estimated rent
Home value
$1,488,000
$1.34M - $1.67M
$2,596/mo
Zestimate® history
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$2,596/mo
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$9,564/mo
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Zillow last checked:
Listing updated:
Listed by:
Giovanni Mejia DRE #01200885 949-292-9764,
First Team Real Estate
Bought with:
Michael Padilla, DRE #01993341
Lyon Stahl Investment Real Estate, Inc.
Source: CRMLS,MLS#: OC24128681
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 11
Rooms
- Room types: Entry/Foyer, Family Room, Kitchen
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Electric Oven, Electric Range, Water Heater
- Laundry: Common Area, Inside, Laundry Room
Features
- Storage
- Flooring: Carpet, Vinyl
- Windows: Double Pane Windows
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 8,102
- Total interior livable area: 8,102 sqft
Property
Parking
- Total spaces: 11
- Parking features: Assigned, Concrete, Carport, Electric Gate, Gated, Oversized, Side By Side
- Carport spaces: 11
Accessibility
- Accessibility features: Parking, Accessible Doors
Features
- Levels: Two
- Stories: 2
- Entry location: Gate
- Pool features: None
- Spa features: None
- Fencing: Block,Good Condition
- Has view: Yes
- View description: None
Lot
- Size: 9,592 Square Feet
- Dimensions: 50' x 191'
- Features: Front Yard, Lawn, Landscaped, Level, Rectangular Lot, Street Level
Details
- Parcel number: 4022028002
- Zoning: INR3YY
- Special conditions: Standard,Trust
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Bungalow
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Block, Drywall, Stone, Stucco, Wood Siding
- Foundation: Slab
- Roof: Composition
Condition
- Repairs Cosmetic
- New construction: No
- Year built: 1963
Utilities & green energy
- Electric: Electricity - On Property
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Phone Available, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Curbs, Park, Storm Drain(s), Street Lights, Suburban, Sidewalks
Location
- Region: Inglewood
Financial & listing details
- Price per square foot: $185/sqft
- Date on market: 6/24/2024
- Cumulative days on market: 93 days
- Listing terms: Cash,Cash to New Loan
- Total actual rent: 6
- Tenant pays: Electricity, Telephone
- Road surface type: Alley Paved, Paved
Price history
| Date | Event | Price |
|---|---|---|
| 11/22/2024 | Sold | $1,500,000-9.1%$185/sqft |
Source:  CRMLS #OC24128681 Report a problem | ||
| 10/1/2024 | Pending sale | $1,650,000$204/sqft |
Source: CRMLS #OC24128681 Report a problem | ||
| 8/21/2024 | Price change | $1,650,000-5.7%$204/sqft |
Source: CRMLS #OC24128681 Report a problem | ||
| 7/26/2024 | Listed for sale | $1,750,000$216/sqft |
Source: CRMLS #OC24128681 Report a problem | ||
| 7/10/2024 | Contingent | $1,750,000$216/sqft |
Source: CRMLS #OC24128681 Report a problem | ||
| 6/24/2024 | Listed for sale | $1,750,000$216/sqft |
Source: CRMLS #OC24128681 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 90301
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Nearby schools
GreatSchools rating
- 1/10Hudnall (Claude) Elementary SchoolGrades: K-6Distance: 0.5 mi
- 5/10Crozier (George W.) Middle SchoolGrades: 7-8Distance: 0.9 mi
- 3/10Morningside High SchoolGrades: 9-12Distance: 1.7 mi
Get a cash offer in 3 minutes
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Estimated market value
$1,488,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,488,000
- California
- Los Angeles County
- Inglewood
- 90301
- 701 S Grevillea Ave
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