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414 E Arbor Vitae ST Inglewood, CA 90301
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Key Details
Sold Price $1,050,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB23219140
Sold Date 08/08/24
HOA Y/N No
Year Built 1951
Lot Size 7,209 Sqft
Lot Dimensions Assessor
Property Description
Just four blocks from the main entrance to SoFi Stadium and enviably convenient to LAX, this beautifully maintained multi-family fourplex offers an outstanding location in Inglewood. Settled on a spacious homesite that spans nearly 7,211 square feet, the property features two single-level one-bedroom, one-bath apartments in the front. Accessed by a private driveway, the back area hosts a two-story building with a two-bedroom, one-bath apartment complete with a balcony located over a three-car garage. The lower level is home to vacant one-bedroom, one-bath apartment with white stone fireplace, a laundry room, and a covered and enclosed patio measuring 11' by 26'. Depending on the unit, upgrades include upgraded plank and tile flooring, designer paint, mirrored wardrobe doors, upgraded bathrooms with custom tile, and remodeled kitchens that showcase Shaker cabinetry and stainless steel appliances. All four apartments offer a combined total of approximately 2,452 square feet. Each residence has its own gas and electric meters, and the property proudly displays mature and manicured landscaping that includes an inviting front lawn. Enjoy an annual 5% rental increase, plus CPI (not to exceed 10%), providing a great opportunity to increase rents year over year. Conveniently located near a city park, schools, retail shopping centers, hospitals and the new Kia Forum.
Location
State CA
County Los Angeles
Area 102 - South Inglewood
Zoning INRM*
Interior
Fireplace No
Laundry Laundry Room
Exterior
Parking Features Door-Multi, Garage
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Curbs, Gutter(s), Storm Drain(s), Street Lights, Sidewalks
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected
View Y/N Yes
View Neighborhood
Total Parking Spaces 4
Private Pool No
Building
Lot Description Back Yard, Front Yard, Lawn, Rectangular Lot
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4024015008
Acceptable Financing Cash, Cash to New Loan, Conventional, FHA
Listing Terms Cash, Cash to New Loan, Conventional, FHA
Financing Conventional
Special Listing Condition Standard
Lease Land No
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Bought with Miguel Franco • 24 Hour Real Estate