CA > Inglewood
Inglewood, CA 90302,579 Hyde Park PL
Inglewood, CA 90302,579 Hyde Park PL
Inglewood, CA 90302,579 Hyde Park PL
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$1,750,000
Est. payment /mo
8 Beds
7 Baths
4,277 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,277 sqft

Price per Sqft $409

MLS Listing ID 24472243

Bedrooms 8

HOA Y/N No

Year Built 1962

Lot Size 8,267 Sqft

Property Description

We're proud to present 579 Hyde Park Place located in the highly desirable northwest Inglewood area. This 7-unit apartment building is an opportunity for an investor to own a value-add asset in a high demand rental market with tremendous growth potential in the City of Champions. On the market for the first time in over 50 years, the property features a total of 7-units comprised of a desirable mix of (1) two-bed/one-bath and (6) one-bed/one-bath units. Parking is at the rear of the property along with a separate laundry room. Units are individually metered for electricity and gas keeping utility costs relatively low. The current owners have spent $150k+ in major capex improvements. This includes new walkways, railing, and steps, and is SB721 compliant. Electrical systems have been fully re-done and upsized with new mains and subpanels. Plumbing, roof, and driveway were also re-done or upgraded. A buyer can capitalize on the tight rental market and rents in this neighborhood by implementing a strategic unit interior renovation plan, which will upgrade the units and allow the buyer to command top of the market rents. Average new lease rates in the neighborhood result in over 35% rental upside. Located a short drive away from the site of the SoFi Stadium and Entertainment District & recently completed Intuit Dome. The Intuit Dome is expected to generate around $260 million in economic activity for the city of Inglewood. The future looks bright for the city of Inglewood and this investment is an opportunity to own a piece of that growth. Please reach out to LA for full marketing package.

Location

State CA

County Los Angeles

Area 101 - North Inglewood

Zoning INR3*

Interior

Fireplace No

Laundry Laundry Room

Exterior

Parking Features Detached Carport, Door-Single, Garage

Total Parking Spaces 9

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4014026024

Special Listing Condition Standard

Read Less Info
CRMLS – RECore
Listed by Nabil Awada Matthews Real Estate Investment Services

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