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$850,000

Beds
2
sq ft
1,404

201 Stepney St, Inglewood, CA 90302

201 Stepney St

Inglewood, CA 90302

  • 130 days on market
Unlock the potential of this prime duplex, nestled in the heart of Inglewood's dynamic community. This property offers a rare chance to own a versatile asset in a neighborhood poised for tremendous growth, especially with the excitement surrounding the 2028 Olympics and the highly anticipated metro rail line. This exciting investment opportunity features two separate side by side units on a lot zoned R4, providing exceptional potential for future development or income generation. The garages separate the units, so there are no shared walls, providing ultimate privacy. The vacant unit has been fully remodeled with modern design finishes featuring quartz countertops, recessed lighting, wide plank hardwood flooring throughout and stainless steel appliances. Each unit offers its own individual garage, as well as a private, lush secluded outdoor area. Situated in the vibrant and growing Inglewood area, this duplex benefits from proximity to the forthcoming hub of Olympic activities in 2028. With a vacant unit ready for immediate occupancy or leasing and the potential for future development on a R4-zoned lot, this property presents multiple avenues for maximizing returns. Don't miss out on this exceptional chance to secure a piece of Inglewood's promising future.

Details

Property type

Est. home value

$1,068,956

Lot size

5,509 sq ft

Price per sq ft

$606

Year built

1953

HOA

No

Price History

01/21/2025
CLAW

CLAW #24435101

Listed
$850,000
12/06/2024
CLAW

CLAW #24435101

Removed
$850,000
12/06/2024
CLAW

CLAW #24435101

Listed
$850,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$136,661
Asking price
$850,000
Closing costs (~8% of asking)
-$68,000
Est. remaining loan balance
-$645,339
Cash to seller
$136,661

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Grayton Mortgage Inc

Loan start date

April 2022

Original loan amount

$679,150

Est. remaining balance

$645,339

Interest rate

3.85%

Loan type

New Conventional, 30 year

Seller

Ali Mahdavi

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 01/22/2025 at 12:00 PM

Listing updated: 01/21/2025 at 5:20 AM

Listed by: Alexis Gallardo, Compass Phone #: (310) 437-7500

MLS: CLAW #24435101

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