10 months on rocket

1042 N Market St, Inglewood, CA, 90302

$1,600,000

Home List Price

$10,000*

Closing Credit

0 Baths
Condo
Schools Nearby

Location

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1042 N Market St, Inglewood$1,600,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
Garage4 spaces
Year Built1953
MLS #IN23099553
Lot Size0.12 Acres
StatusActive

About 1042 N Market St

This five-unit investment property offers incredible potential with its prime location and promising rental upside. Featuring 4 -spacious two bedroom / one bathroom units, and 1- one bedroom / one bathroom unit. 4 of the units have their own private garages, and there are 2 courtyard areas that could be used as outdoor space for the tenants. This property is located in a highly desired neighborhood and is conveniently close to major attractions such as he future Clippers Arena, the Kia Forum, LAX, SoFi Stadium, nearby shopping and the breathtaking Beach Cities. This property is a gem waiting to be polished, but with the booming demand for housing in the area, renovating and upgrading this property presents an excellent opportunity to increase rental income and maximize returns over time. Don't miss out on this fantastic opportunity to own a multi-unit property in one of North Inglewood's most desirable neighborhoods. Take advantage of the incredible location, proximity to major attractions, and the potential for increased rental income.

Property Details

Property Features

Property Information:

  • Year Built: 1953
  • Stories: 2

Listing Office:

  • Office Name: RE/MAX Alliance Group
  • Office Phone: (310) 461-9282
  • Listing Agent: John Carter

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Garage Space: 4 spaces

Lot Features

Lot Information:

  • Lot Size: 0.12 Acres

Other

Directions Information:

  • Directions: From Centinela Head North on Labrea and take a left on Market St.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,600,000

Tax Information:

  • Annual Amount: $5,277
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Inglewood, CA.

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Inglewood, CA

City

Med. Sold Price

$705.9K

Med. Price/SqFt

$528

Avg. Days On Market

38

# of Sold Homes

29

1042 N Market St vs Inglewood

327 DAYS ON ROCKET

+289 Days

$1,600,000

+$894K More

KEY TAKEAWAY

This property is $894K more than the Median Sold Price in Inglewood, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #IN23099553

Listing Office:

  • Office Name: RE/MAX Alliance Group
  • Office Phone: (310) 461-9282
  • Listing Agent: John Carter

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/29/2024, 8:20:19 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$5,277$295,692
2020$5,013$292,661
2019$4,926$286,924
2018$4,756$281,299
2017$4,756$275,784

History based on county public records data.

Payment Calculator

$8,053

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,863

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-2985828
9
/10

  • Wilder's Preparatory Academy Charter

  • 830 N La Brea Ave

  • 0.22 miles

  • Public Charter Grades KG-5

school-card-donut-2985829
4
/10

  • Highland Elementary School

  • 430 Venice Way

  • 0.50 miles

  • Public District Grades KG-6

school-card-donut-2985830
5
/10

  • Centinela Elementary School

  • 1123 Marlborough Ave

  • 0.59 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $45,823. Most Inglewood, CA residents have annual incomes less than $35k. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1042 N Market St

What is the listing price of this property?

The listing price of 1042 N Market St property is $1,600,000.

What type of property is this?

The property 1042 N Market St is a condo located in Inglewood, California, 90302.

Is this property for sale now?

Active Listing: 1042 N Market St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $5,277 (source: MLS/based on county public records data).

Which year was this property built?

The year of construction for 1042 N Market St is 1953.

Rocket Homes›California›Los Angeles County›Inglewood›90302›1042 N Market St

This home is located at 1042 N Market St in Inglewood, CA and zip code 90302 in the South Bay neighborhood. This home, which was built in 1953, sits on a 0.12 acre lot. It has been listed on Rocket Homes since June 07, 2023 and is currently priced at $1,600,000.

In March 2024 more than 14 listings in Inglewood, CA were sold above the asking price. During the same period more than 5 listings were sold at asking price, while more than 10 were sold below. The inventory of homes for sale in Inglewood, CA between February 2024 and March 2024 increased by 9.8%. In March 2024 median list price was $705,999 and the average listing age was 38 days.

From Rocket Homes Real Estate and based on county public records data.

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