Sold for $2,500,000

Listed by: Property Works RE, Inc. • John Chelius • Contact: 310-722-0360

Bought with: Figure 8 Realty

$2,500,000

869 Glenway Dr, Inglewood, CA 90302

16beds

9baths

7,145sqft

Multi Family

Built in 1956

-- sqft lot

$1,874,700 Zestimate^®

$350/sqft

$2,227 Estimated rent

Home value

$1,874,700

$1.63M - $2.17M

$2,227/mo

Zestimate^® history

Owner options

List your home for rent

$2,227/mo

Rent Zestimate^®

Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.

Learn more

$2,227/mo

Rent Zestimate^®

Refinance and save

$15,926/mo

Est. payment

Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.

See today's rates

$15,926/mo

Est. payment

Explore your selling options

Work with a Zillow partner agent

Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.

Get started

List with your own agent

Get your home in front of millions of buyers by listing it on Zillow.

Learn how to do it

Sell it yourself

Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).

List your home

What's special

Private gated yardsNew vinyl windowsElectrical upgrades

Substantially improved 8 units in Northwest Inglewood including new 2 bed 2 bath ADU. Phenomenal unit mix of (7) 2 bed 1 bath units with private gated yards and (1) 2 bed 2 bath ADU. All eight units have interior washer/dryer connections. New 600 amp electrical service. 12 total parking spaces and the ability to construct an additional one bed ADU in the remaining three garage spaces. Five of eight units have been fully renovated including plumbing and electrical upgrades, new vinyl windows, and wall mounted AC units. 5.27% cap rate on actual financials, adjusting for property taxes. 6.50% pro forma cap rate after renovating the remaining three original units.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 16
Bathrooms: 9

Heating

Wall Furnace

Cooling

Wall/Window Unit(s)

Appliances

Included: Dishwasher, Tankless Water Heater
Laundry: Inside

Features

Quartz Counters, Recessed Lighting
Flooring: Laminate
Has fireplace: No
Fireplace features: None
Common walls with other units/homes: 2+ Common Walls

Interior area

Total structure area: 7,145
Total interior livable area: 7,145 sqft

Property

Parking

Total spaces: 12
Parking features: Assigned
Garage spaces: 3
Uncovered spaces: 9

Features

Entry location: Street
Pool features: None

Lot

Size: 0.36 Acres
Features: 0-1 Unit/Acre

Details

Parcel number: 4017019033
Zoning: INR3YY
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes

Materials

Roof: Composition

Condition

New construction: No
Year built: 1956

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Urban

Location

Region: Inglewood

Financial & listing details

Price per square foot: $350/sqft
Date on market: 11/6/2023
Cumulative days on market: 31 days
Listing terms: Cash to New Loan
Tenant pays: Electricity, Gas, Parking Fee

Price history

Date	Event	Price
2/14/2024	Sold	$2,500,000-6.7%$350/sqft
Source: CRMLS #PW23206155 Report a problem
12/7/2023	Pending sale	$2,680,000$375/sqft
Source: CRMLS #PW23206155 Report a problem
11/6/2023	Listed for sale	$2,680,000$375/sqft
Source: CRMLS #PW23206155 Report a problem
7/21/2023	Listing removed	--
Source: Zillow Rentals Report a problem
6/15/2023	Listed for rent	$2,695
Source: Zillow Rentals Report a problem
5/11/2023	Listing removed	--
Source: Zillow Rentals Report a problem
5/2/2023	Listed for rent	$2,695+3.9%
Source: Zillow Rentals Report a problem
5/23/2022	Listing removed	--
Source: Zillow Rental Manager Report a problem
4/6/2022	Price change	$2,595-3.7%
Source: Zillow Rental Manager Report a problem
2/10/2022	Listed for rent	$2,695+3.9%
Source: Zillow Rental Manager Report a problem
11/27/2021	Listing removed	--
Source: Zillow Rental Manager Report a problem
11/19/2021	Listed for rent	$2,595
Source: Zillow Rental Manager Report a problem
9/5/2021	Listing removed	--
Source: Zillow Rental Manager Report a problem
9/1/2021	Listed for rent	$2,595
Source: Zillow Rental Manager Report a problem