A value-add, 18 unit investment in a location 'on the come'.... in the shadow SoFi Stadium, America's highest grossing concert venue in 2023. Grossing $175MM and also employing 2,600 event day employees. SoFi is next door to the West Coast Headquarters of the NFL - 1,000 local employees and $20B in 2023 revenue. Next to that, the YouTube Theater - and The Forum, 5 minutes to the North and the new, $2B Intuit Dome, 5 minutes to the South. Lastly, the subject property is a block from Centinela Hospital, with 1,332 employees. Forgot to mention, the 57,000 badge holders at LAX, nearby, as well. The building has a secured-access, renovated lobby, leading to a landscaped courtyard. In addition, there are newer windows throughout. Secured-access, carport parking, in rear. Thirteen 1s, Five 2s, 13K sq. ft. on a massive, 18K+ footprint. 5% cap from the jump. The building is a 'No Brainer' operationally and affords you a path toward a 6.5% market cap rate. EXCLUSIVELY LISTED AT $5,199,000.
Property Details
Property Features
Property Information:
Year Built: 1959
Stories: 0
Living Area: 12,665 SqFt
Listing Office:
Office Name: CBRE, Inc.
Office Phone: (310) 363-4900
Listing Agent: Brice Head
Interior Features
Bedroom and Bathroom Information:
Total Bedroom Count: 23
Exterior Features
Parking Information:
Parking: Carport
Lot Features
Lot Information:
Lot Size: 0.42 Acres
Utilities
Utilities Information:
Heating: Wall Furnace
Cooling: None
Other
Directions Information:
Directions: Near Arbor Vitae & Prairie
Price Information
Listing Price Info
Price Summary:
List Price: $5,199,000
Price Per SqFt: $411/SqFt
Tax Information:
Annual Amount: $33,702
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Inglewood, CA.
This property is $4.4M more than the Median Sold Price and $119/SqFt less than other homes in Inglewood, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24379261
Listing Office:
Office Name: CBRE, Inc.
Office Phone: (310) 363-4900
Listing Agent: Brice Head
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: 5/5/2024, 9:20:36 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Sep 22, 2006
Sep 22, 2006Home Sold
$1,825,000
Aug 01, 2003
Aug 01, 2003Home Sold
$1,275,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$33,702
$2,260,501
2020
$31,741
$2,235,740
2019
$31,536
$2,191,903
2018
$30,580
$2,148,925
2017
$30,580
$2,106,790
History based on county public records data.
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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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
2
/10
Payne (Beulah) Elementary School
215 W 94th St
Distance between this listing and this school0.38 miles
Public District Grades KG-6
4
/10
Kelso (William H.) Elementary School
809 E Kelso St
Distance between this listing and this school0.51 miles
Public District Grades KG-6
2
/10
Icef Inglewood Elementary Charter Academy
434 S Grevillea Ave
Distance between this listing and this school0.52 miles
Public Charter Grades KG-5
Nearby Schools
4
/10
Century Community Charter
901 Maple St
Distance between this listing and this school0.19 miles
Public Charter Grades 6-8
3
/10
Icef Inglewood Middle Charter Academy
304 E Spruce Ave
Distance between this listing and this school0.49 miles
Public Charter Grades 6-8
2
/10
Crozier (George W.) Middle School
151 N Grevillea Ave
Distance between this listing and this school0.93 miles
Public District Grades 7-8
Nearby Schools
5
/10
City Honors College Preparatory Charter
155 W Kelso St
Distance between this listing and this school0.63 miles
Public Charter Grades 9-12
2
/10
Inglewood High School
231 S Grevillea Ave
Distance between this listing and this school0.74 miles
Public District Grades 9-12
7
/10
Lennox Mathematics, Science and Technology Academy
11036 Hawthorne Blvd
Distance between this listing and this school1.15 miles
The neighbors living near this home have an average income of $39,500. Residents of Inglewood, CA typically earn between $35k-100k each year. Typical family type is single, no kids. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 940 Larch St
What is the listing price of this property?
The listing price of 940 Larch St property is $5,199,000.
What type of property is this?
The property 940 Larch St is a house located in Inglewood, California, 90301.
Is this property for sale now?
Active Listing: 940 Larch 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 $33,702 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on September 22, 2006 for $1,825,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 940 Larch St has 23 bedrooms and 18 bathrooms.
What is the square footage of this property?
The property 940 Larch St is 12,665 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 940 Larch St is 1959.
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This home is located at 940 Larch St in Inglewood, CA and zip code 90301 in the South Bay neighborhood. This 12,665 square foot home, which was built in 1959, sits on a 0.42 acre lot. Features: 23 bedrooms, 18 bathrooms. It has been listed on Rocket Homes since April 11, 2024 and is currently priced at $5,199,000.
Inglewood, CA housing market in April 2024 saw over 9 listings sold above listed price, more than 5 sold at listed price and over 10 sold below. Between March 2024 and April 2024, Inglewood, CA real estate market has seen increase in the number of listings by 5.3%. The median list price of listings available in April 2024 was $706,999, while the average time on the real estate market was 34 days.
From Rocket Homes Real Estate and based on county public records data.