711 Walnut Street
Inglewood, CA 90301
- – beds
- – baths
- – sqft
- 9,636 sqft lot
- 1964 build
- – on site
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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!
Last checked:
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Last updated Dec 11, 2024
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MLS# SR23210133 —
The Building
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Year Built:1964
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Year Built Source:Assessor
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New Construction:No
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Building Area Total:7793.00
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Building Area Units:Square Feet
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Total Number Of Units:7
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# of Buildings:1
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Stories Total:2
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Entry Level:1
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Common Walls:No Common Walls
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# of Separate Gas Meters:7
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# of Separate Water Meters:7
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# of Separate Electric Meters:7
Interior
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Levels:Two
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Entry Location:From Walnut
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Laundry:Common Area
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Laundry:1
Location
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Directions:Subject property located mid-block on Walnut St.
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Latitude:33.95488000
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Longitude:-118.35680700
The Property
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Property Type:Residential Income
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Subtype:Commercial/Residential
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Zoning:INR3YY
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Lot Features:Level
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Lot Size Area:9636.0000
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Lot Size Acres:0.2212
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Lot Size SqFt:9636.00
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Lot Size Source:Assessor
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Block:C
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Tax Census Tract:6012.12
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Tax Tract:2
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Tax Lot:13
The Listing
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Special Listing Conditions:Standard
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Parcel Number:4022025004
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Features:Urban
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Association:No
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Pool:Private, Association, Community, Fenced
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Senior Community:No
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Private Pool:Yes
Parking
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Parking:Yes
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Parking:Assigned, Covered, Concrete, Garage
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Parking Spaces:12.00
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Garage Spaces:12.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
9/8/24
Sep 8, 2024
|
Listed / Active | CRMLS_CA | ||
|
12/15/23
Dec 15, 2023
|
Sold | CRMLS_CA | $1,550,000 | 1.6% |
|
11/15/23
Nov 15, 2023
|
Pending | CRMLS_CA | $1,525,000 |
