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2703 W 79th Street, Inglewood
$799,000
2 Beds ⋅ 2 Baths ⋅ 24462775 MLS ⋅ Active Status
Unique opportunity to build 1-2 units (by-right - fully entitled) in hot Morningside area of Inglewood. Invest in this booming area alongside billions of dollars of new development activity - SOFI Stadium, Intuit Dome, and the Kia Forum. Vacant lot entitled for either a single-family home (SFR) + and ADU or two-unit duplex (allows 2x800sqft units) 800 sq. ft projected to rent for up to $3,500, implying duplex rents of up to $7,000 per month. No off-street parking required, and no CEQA EIA or hearings required (ministerial approvals) Lots of upside potential, and a great opportunity to earn an outsized return. Build 2 x 800 sq ft duplex (1,600 sq. ft total) for ~$450k all-in, bringing total build (hard costs and soft costs) + land to $800,000 (we can refer you to a prefab builder ready to go at these prices). Imagine - a brand new construction duplex getting $6,000/month in rent for just $800,000 (that's about a 6.75% CAP rate!) - or flip it post-construction for $1.1mm+ Ask us how! Buyer to verify all claims regarding development ability, future values, and income potential.

2703 W 79th Street, Inglewood
10619 Crenshaw Boulevard, Inglewood
$1,500,000
6 Beds ⋅ 5 Baths ⋅ 24425825 MLS ⋅ Active Status
Excellent prime investment opportunity in the City of Inglewood with approximately 25% upside. This property has been well maintained and a full exterior paint job was just completed. The property previously had airport soundproofing work done which included central air and heat installation, new windows, new doors, and new insulation for every unit. This is a beautiful property that is low-maintenance. Units are under City of Inglewood rent control. The new owner can increase rents over the allowable amount by utilizing the"below market rate rent increase request" option. Own a wonderful property near everything great about the City of Champions such as SoFi Stadium, Clippers Arena, theForum, healthcare, transportation, and more new venues to come. Do not disturb occupants.

10619 Crenshaw Boulevard, Inglewood

Based on information from California Regional Multiple Listing Service, Inc. as of . This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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