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636 E 97Th St, Inglewood, CA 90301
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636 E 97Th St Inglewood, CA 90301

$2,600,000 Sold Price as of 07/06/2023
  • 10 Beds
  • 9 Baths
  • 6,670 Sq.Ft.
Sold
$2,600,000 Sold Price as of 07/06/2023 Refinance Your Mortgage
Map preview of 636 E 97Th St, Inglewood, CA 90301

Property Overview: 636 E 97Th St Inglewood, CA has 10 bedrooms, 9 bathrooms, 6,670 living square feet and 8,975 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present 636 East 97th Street, a 9-unit investment property in Inglewood, California. The property is located between Prairie Avenue and Flower Street just off Century Boulevard in the Hollywood Park Area. This area is a solid majority-renter market with low vacancy rates. 636 East 97th Street consists of one 2 bedroom 1.5 bathroom unit and eight 1 bedroom 1 bathroom units. All of the units are separately metered for gas and electricity. The property also offers four single car garages. This offering presents a great opportunity for an investor to acquire an asset with steady cash flow in a strong rental market and capture potential upside in rents.

Listed by Jonathan Weir | BRE #02038545 | Marcus & Millichap
Last checked: 13 minutes ago | Last updated: July 8th, 2023 | Source CRMLS | DOM: 27

Home details

Lot Sq. Ft
8,975
HOA Dues
$0/mo
Year built
1956
Garage
9 Car
Property Type:
Multi Family
Status
Sold
MLS#
23270465
City
Inglewood
County
Los Angeles
Time on Site
325 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 9
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,900
  • Total Rent: $2,900
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $990
  • Total Rent: $990
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,300
  • Total Rent: $2,300
  • Pro Forma/Market Rent: $2,350
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,650
  • Total Rent: $1,650
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 5
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,100
  • Total Rent: $2,100
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,150
  • Total Rent: $2,150
  • Pro Forma/Market Rent: $2,250
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.43%
  • Gross Rent Multiplier: 12.46
  • Gross Scheduled Income: --
  • Net Operating Income: $149,352
  • Gross Operating Income: $214,060
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 636 E 97Th St

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
  • Disposal
Interior Features
  • Ceiling Fan(s)
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 9
  • # of Parking Spaces: 9
  • Has Parking
  • Parking Features: Garage
Property Information
  • Total # of Units: 9
  • Parcel Number: 4024043005
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: E. 97th St. & S. Prairie Ave
View more facts & features

Local Inglewood Agent

Sale History for 636 E 97Th St

Last sold for $2,600,000 on July 6th, 2023

  • July, 2023

  • Jul 6, 2023

    Date

    Sold

    CRMLS: 23270465

    $2,600,000

    Price

  • May 16, 2023

    Date

    Active

    CRMLS: 23270465

    $2,750,000

    Price

  • May, 2023

  • May 2, 2023

    Date

    Expired

    CRMLS: 23238723

    $3,495,000

    Price

  • Feb 6, 2023

    Date

    Active

    CRMLS: 23238723

    $3,495,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to offer the opportunity to acquire this 9-unit multifamily investment located walking distance to SoFi Stadium, The Forum, and shopping centers in prime Inglewood. Built in 1956, this 9-unit Mid-Century style apartment complex is comprised of eight (8) 1-bedroom + 1-bathroom units, and one (1) 2-bedroom + 1-bathroom unit, with a square footage of 6,670 square foot on a 8,975 square foot lot. 5 of the 9 units will be delivered vacant upon the close of escrow.The investment boasts spacious floor plans, secured gated entry, an on-site laundry room for additional income, nine (9) garaged on-site parking spaces, updated copper plumbing, double pane windows, recently painted, and individually metered for gas and electricity.The investment allows an investor to capitalize on a densely populated, affluent, and gentrifying area that continues to experience rapid rent growth.

  • December, 2022

  • Dec 1, 2022

    Date

    Expired

    CRMLS: 22212379

    $2,689,000

    Price

  • Oct 26, 2022

    Date

    Active

    CRMLS: 22212379

    $2,689,000

    Price

  • Listing provided courtesy of CRMLS

    Opportunity awaits! 6 VACANT UNITS!!!!! Be in the middle of all the action! The units are freshly painted with tasteful modern updates, making them ready to rent! This 9 unit Mid century stunner is made up of 1 2bd 2bth with a traditional stone fireplace & central air. The remaining 8 units are 1 bd 1 bth. The complex also offers 9 private garages. All units have original hrdwd floors, built in and ample closet space, along with new ceiling fans. The complex is located in one of LA's most rapidly developing communities walking distance not only to SoFi, but the Intuit Dome NBA arena, and Hollywood Park retail & residential complexes. Easy freeway access and close to public transportation including the Inglewood Transit Connector Project (ITC) between the Metro Crenshaw/LAX Line & downtown major event centers. This is an incredible opportunity for investors looking to invest near the new Sofi Stadium, Clippers Stadium, and expand their real estate portfolio.

  • October, 2022

  • Oct 20, 2022

    Date

    Expired

    CRMLS: 22191447

    $2,789,000

    Price

  • Aug 19, 2022

    Date

    Active

    CRMLS: 22191447

    $2,789,000

    Price

  • Listing provided courtesy of CRMLS

    5 vacancies! PRIME LOCATION! This 9 unit Mid century stunner is walking distance from Sofi! This property is made up of 1 2bd 2bth with a traditional stone fireplace & central air. The remaining 8 units are 1 bd 1 bth. The complex also offers 9 private garages. All units have original hrdwd floors, built in and ample closet space. The complex is located in one of the LA's most rapidly developing communities walking distance not only to SoFi, but the Intuit Dome NBA arena, and Hollywood Park retail & residential complexes. Easy freeway access and close to public transportation including the Inglewood Transit Connector Project (ITC) between the Metro Crenshaw/LAX Line & downtown major event centers. This is an incredible opportunity for investors looking to invest near the new Sofi Stadium, proposed Clippers Stadium, and expand their real estate portfolio.

  • August, 2022

  • Aug 15, 2022

    Date

    Canceled

    CRMLS: 22167157

    $2,789,000

    Price

  • Jun 13, 2022

    Date

    Active

    CRMLS: 22167157

    $2,689,000

    Price

  • Listing provided courtesy of CRMLS

    PRIME LOCATION! This 9 unit Mid century stunner located less then a 1/2 mile from Sofi! This property is made up of 1 2bd 2bth with a traditional stone fireplace & central air. The remaining 8 units are 1 bd 1 bth. The complex also offers 9 private garages. All units have original hrdwd floors, built in and ample closet space. The complex is located in one of the LA's most rapidly developing communities walking distance not only to SoFi, but the Intuit Dome NBA arena, and Hollywood Park retail & residential complexes. Easy freeway access and close to public transportation including the Inglewood Transit Connector Project (ITC) between the Metro Crenshaw/LAX Line & downtown major event centers. This is an incredible opportunity for investors looking to invest near the new Sofi Stadium, proposed Clippers Stadium, and expand their real estate portfolio.

  • March, 1999

  • Mar 25, 1999

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • January, 1996

  • Jan 18, 1996

    Date

    Sold (Public Records)

    Public Records

    $170,000

    Price

Show More

Tax History for 636 E 97Th St

Assessed Value (2020): $259,257
Year Land Value Improved Value Assessed Value
2020 $116,950 $142,307 $259,257

Home Value Compared to the Market

This property vs the competition

636 E 97Th St sold on July 6, 2023 for 279.31% higher than the current median sold price for the city of Inglewood which is $725,000. The median sold price per/sqft for Inglewood is $578 and this home is sold at $412.29 per/sqft which puts the price per square foot 28.67% lower than the current median sale per square foot for the city of Inglewood.

About 636 E 97Th St

Detailed summary of property

636 E 97Th St is a multi family that recently sold in Inglewood, CA 90301. This multi family property offered 10 bedrooms, 9 bathrooms, roughly 6,670 living square feet, and sits on an approximately 8,975 square foot lot. 636 E 97Th St was first listed on ArdentRealEstateGroup.com on June 5, 2023. The homeowner sold the property for $2,600,000. Home in Inglewood are selling for a median price of $725,000 and a median price per square foot of $578. Based on Ardent Real Estate Group's Inglewood Market Data, this home is sold 279.31% higher than the current median priced home. Local homes that are currently for sale include 603 W 47th St, 324 W 51st St and 3837 Montclair St. While the average home in Inglewood, CA is selling in 74 days, 636 E 97Th St has a days on market of 27 days. There are currently 120 homes for sale in the Inglewood real estate market and 74 of them are single family homes while 37 of them are condos and 9 are townhomes. For more information on this home for sale at 636 E 97Th St Inglewood, CA 90301 contact Ardent Real Estate Group and we will put you in touch with one of our Inglewood agents.

Public Facts for 636 E 97Th St

Public county record property details
Beds
10
Baths
10
Year built
1956
Sq. Ft.
6,670
Lot Size
8,974
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
42
APN
4024-043-005

The source for these homes facts are from public records.

90301 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$600,000
Median List Price/Sq.Ft.
$509
Median Sold Price
$383,500
Median Sold Price/Sq.Ft.
$451
Total Inventory
25
Median Sale to List Price %
90.26%
Avg Days on Market
162
Loan Type
Conventional (100%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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