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Lawndale, CA 90260 15216 Inglewood Avenue

$820,000

Sold: Apr 26, 2024
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Presented By: Parker Boehle with NorthMarq Realty Services, Inc; 310-988-8361
  • MLS# OC24062372
  • 03/29/2024
  • Request Tour
  • Request Info
  • FootageSQFT • 2,304
  • GarageGarage • 2

Home Details

15216 Inglewood Ave. is a Mixed Use, Development opportunity located in the city of Lawndale. Built in 1949, the Inglewood Ave. property is currently being occupied by a duplex, a vacant office space, and a two-car parking garage. The duplex consists of (2) One-Bedroom/One-Bath units, and the office space is approximately 1,152 square feet, most recently used by a Realty company. There are approximately (10) surface level parking spaces available on-site. There is huge upside to this property through Redeveloping the lot or utilizing ADU’s. The lot size is 9,255 square feet, and is zoned LNC4YY. A corner lot located on Inglewood Ave. and just off the 405 Freeway, this building gets tons of traffic and exposure. This is a fantastic owner/user play as well, by renovating the current office space, and using the duplex inccome to pay off the mortgage. The two car garage could also be converted into an ADU for additional income on the property.
Presented By: Parker Boehle with NorthMarq Realty Services, Inc; 310-988-8361

General for 15216 Inglewood Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Buyer FinancingCash
Cap Rate2.63
Carport Y/NNo
CityLawndale
Close Price800000.0
Community FeaturesBiking, Curbs, DogPark, Golf, Gutters, Park, StormDrains, StreetLights, Suburban, Sidewalks
CountyLos Angeles
Days on Market10
DirectionsOff the intersection of Inglewood Ave and 153rd Street
Electric Expense0.0
Entry Location1
Fuel Expense0.0
Garage Spaces2.0
Garage Y/NYes
Gross Income42600.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCash, Conventional
Lot Size Square Feet9255.0
MLS Area112 - North Lawndale
MobileHomeRemainsYNNo
Net Operating Income21570.0
New ConstructionNo
Operating Expense19752.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NNo
Property Sub Type AdditionalMixedUse
Property SubTypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerNone
Special Listing ConditionsStandard
Standard StatusClosed
StatusClosed
Stories1
Street NameInglewood
Tax Lot50
Total Units3
Trash Expense0.0
UtilitiesSewerNotAvailable, WaterNotAvailable
View Y/NNo
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1949
Year Built SourceAppraiser
ZoningLNC4YY

Interior for 15216 Inglewood Avenue

Air Conditioning Y/NNo
Basement (Y/N)No
BuyerOfficeEmaillicensing@northmarq.com
Common WallsNoCommonWalls
Electric On Property Y/NNo
Entry Level1
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesInside
Street SuffixAvenue
Total Stories1

Exterior for 15216 Inglewood Avenue

Building Area Total2304.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem01UnitAcre
Lot Size Acres0.2125
Lot Size Area9255.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings2
Number of Separate Electric Meters0
Number of Separate Gas Meters0
Number of Separate Water Meters0
Open Parking Y/NNo
SpaNo
Total Parking2.0
Water SourceNone

Additional Details

Price History

1527188455

First Team Client Services

Price $820,000
MLS#OC24062372
List Date 03/29/2024
Property Type Multi-Family
Phone 714.964.3311
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