701 Walnut St Inglewood, CA 90301
Estimated payment $7,810/month
Highlights
- Living Room
- Forced Air Heating System
- 1-Story Property
- Laundry Room
- Level Lot
About This Home
Excellent investment opportunity located less than 2 miles from SoFi Stadium and the new Los Angeles Clippers Arena. Situated on a generous lot, the property offers potential for future redevelopment of 6+ units (buyer to verify with the city). The property currently consists of a well-maintained triplex, with each unit configured as 3 bedrooms and 1 bathroom. Rents have been recently raised, and the units are occupied by long-term tenants with a history of timely rent payments. Each unit includes washer and dryer hookups and functional, flexible layouts. Conveniently located near major sports venues, transit, and ongoing area development, this property presents a solid opportunity for investors seeking stable income with future upside potential in a growing Los Angeles market.
Listing Agent
Shoreview Partners Real Estate Brokerage Phone: 310-406-5896 License #02002405 Listed on: 01/22/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1937
Lot Details
- 9,663 Sq Ft Lot
- No Common Walls
- Level Lot
Parking
- 3 Car Garage
Home Design
- Triplex
- Entry on the 1st floor
Interior Spaces
- 2,775 Sq Ft Home
- 1-Story Property
- Living Room
Bedrooms and Bathrooms
- 9 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Utilities
- Forced Air Heating System
Listing and Financial Details
- Legal Lot and Block 10 / C
- Tax Tract Number 2
- Assessor Parcel Number 4022025001
- $835 per year additional tax assessments
Community Details
Overview
- 3 Buildings
- 3 Units
Building Details
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- Gardener Expense $120
- Insurance Expense $100
- Water Sewer Expense $225
- Operating Expense $15,530
- Gross Income $84,744
- Net Operating Income $69,214
Map
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $13,710 | $1,066,410 | $832,320 | $234,090 |
| 2024 | $13,710 | $1,045,500 | $816,000 | $229,500 |
| 2023 | $3,682 | $227,666 | $145,408 | $82,258 |
| 2022 | $3,757 | $223,203 | $142,557 | $80,646 |
| 2021 | $3,719 | $218,827 | $139,762 | $79,065 |
| 2020 | $3,578 | $216,584 | $138,329 | $78,255 |
| 2019 | $3,524 | $212,338 | $135,617 | $76,721 |
| 2018 | $3,407 | $208,175 | $132,958 | $75,217 |
| 2016 | $3,213 | $200,094 | $127,796 | $72,298 |
| 2015 | $3,182 | $197,090 | $125,877 | $71,213 |
| 2014 | $3,193 | $193,231 | $123,412 | $69,819 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/12/2026 03/12/26 | For Sale | $1,249,000 | 0.0% | $450 / Sq Ft | |
| 03/11/2026 03/11/26 | Off Market | $1,249,000 | -- | -- | |
| 01/22/2026 01/22/26 | For Sale | $1,249,000 | +21.9% | $450 / Sq Ft | |
| 06/23/2023 06/23/23 | Sold | $1,025,000 | -6.8% | $369 / Sq Ft | View Prior Sale |
| 05/06/2023 05/06/23 | Pending | -- | -- | -- | |
| 04/07/2023 04/07/23 | For Sale | $1,100,000 | -- | $396 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,025,000 | First American Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $968,596 | VA |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PV26016058
APN: 4022-025-001
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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. Properties may or may not be listed by the office/agent presenting the information
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Ask me questions while you tour the home.