918 S Oak Street, Inglewood, California 90301, Inglewood, 90301 - 3 bed, 2 bath
ACTIVE$795,000
918 S Oak Street, Inglewood, California 90301
3Beds
2Baths
1,272Sqft
3,750Lot
Price Vs. Estimate
The estimated value ($697,203.94) is $97,796.06 (12%) lower than the list price ($795,000). This property may be overpriced.
Key pros and cons
Top Pros:
Prime Location: Strategically located minutes from LAX, SoFi Stadium, and other major venues in a vibrant, rapidly growing Inglewood neighborhood, enhancing its appeal for renters and future appreciation.
Top Cons:
Potential Overpricing: The current list price is 12% above the estimated market value, suggesting it may be overpriced according to automated valuations.
Compared to the nearby listings
Price:$795.0K vs avg $910.0K ($-115,000)43%
Size:1,272 sqft vs avg 1,517.5 sqft14%
Price/sqft:$625 vs avg $50571%
More Insights
Built in 1966 (59 years old).
Condition: Built in 1966, this property shows significant age with no apparent major renovations in the last 30-50 years. The kitchen features very dated dark wood cabinets, tile countertops, older white appliances (or black in another image, but still dated style), and an outdated fluorescent light fixture. The bathroom also presents with an older vanity, tile flooring, and dated lighting. While the property appears functional, it requires substantial rehabilitation and modernization, particularly in the kitchen and bathrooms, to meet contemporary standards and comfort, aligning with the 'poor' condition criteria.
Year Built
1966
Close
-
List price
$795K
Original List price
$795K
Price/Sqft
$625
HOA
-
Days on market
-
Sold On
-
MLS number
DW25265492
Home ConditionPoor
Features
View-
About this home
Owner has reduced the price! This charming investment property is back on the market and offers incredible potential for rental income—perfect for first-time buyers or investors looking to take advantage of a rapidly growing area! Located in a vibrant, up-and-coming Inglewood neighborhood, this home sits just minutes from LAX, SoFi Stadium, and other major venues, making it highly desirable for future renters. The property features a beautifully lush landscape with mature trees providing generous shade throughout. Don’t miss this fantastic opportunity to own in a prime location where rental income can help offset mortgage payments and deliver long-term value!
Price History
Date
Event
Price
08/23/23
Sold
$700,000
01/07/13
Sold
$255,000
Condition Rating
Poor
Built in 1966, this property shows significant age with no apparent major renovations in the last 30-50 years. The kitchen features very dated dark wood cabinets, tile countertops, older white appliances (or black in another image, but still dated style), and an outdated fluorescent light fixture. The bathroom also presents with an older vanity, tile flooring, and dated lighting. While the property appears functional, it requires substantial rehabilitation and modernization, particularly in the kitchen and bathrooms, to meet contemporary standards and comfort, aligning with the 'poor' condition criteria.
Pros & Cons
Pros
Prime Location: Strategically located minutes from LAX, SoFi Stadium, and other major venues in a vibrant, rapidly growing Inglewood neighborhood, enhancing its appeal for renters and future appreciation.
Strong Investment Potential: Explicitly positioned as an 'investment property' with 'incredible potential for rental income' and 'long-term value' in a high-demand area.
Broad Market Appeal: Ideal for both first-time buyers seeking mortgage offset opportunities and investors looking for consistent rental income.
Desirable Outdoor Features: Features a 'beautifully lush landscape with mature trees providing generous shade,' adding curb appeal and outdoor living comfort.
Solid Property Fundamentals: A 3-bedroom, 2-bathroom single-family residence, a highly sought-after configuration for families and the rental market.
Cons
Potential Overpricing: The current list price is 12% above the estimated market value, suggesting it may be overpriced according to automated valuations.
Property Age: Built in 1966, indicating potential for outdated systems, infrastructure, or a need for significant modernization to meet contemporary buyer expectations.
Lack of Specific Modern Updates: The description does not highlight recent renovations or modern amenities, which could imply additional investment is needed to enhance its competitive edge or tenant appeal.