CA > Inglewood
Inglewood, CA 90301,614 Myrtle AVE
Inglewood, CA 90301,614 Myrtle AVE
Inglewood, CA 90301,614 Myrtle AVE
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Mon
18
Aug
Tue
19
Aug
Wed
20
Aug
The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$2,150,000
Est. payment /mo
9,509 Sqft Lot
Save

UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 25543655

HOA Y/N No

Year Built 1957

Lot Size 9,509 Sqft

Property Description

Nestled in a tranquil residential pocket just moments from the vibrant energy of the new SoFi Stadium, this property presents a compelling investment opportunity within Inglewood's flourishing and fast-growing urban landscape. Enjoy the convenience of being within walking distance to La Brea Avenue's bustling corridor, Market Street's eclectic mix of shops and eateries, and the emerging downtown Inglewood scene -- all contributing to a dynamic, walkable neighborhood on the rise. The existing property features generously sized residences that offer not only long-term comfort but also significant upside potential. With established tenants and rents currently below market rate, savvy investors can benefit from a reliable income stream while positioning themselves to take full advantage of future rent growth, property appreciation, and increasing demand fueled by Inglewood's ongoing transformation. A standout feature of this offering is the existing carport and storage structure, which already has plans in place for the development of a detached 2-bedroom, 2-bathroom Accessory Dwelling Unit (ADU). This addition presents a unique opportunity to further enhance rental income and long-term property value. Ample parking will still remain on the lot, preserving convenience for current and future tenants. Although the property has a leasing history of 7 units, the Certificate of Occupancy currently reflects approval for 6 units, indicating untapped potential for optimization and compliance. For the forward-thinking investor, this represents a strategic entry point into a market that continues to break new ground. Inglewood is rapidly becoming one of Southern California's most desirable investment markets, buoyed by the development of the Intuit Dome, Hollywood Park, the Kia Forum, and ongoing city-wide revitalization projects. With easy access to major freeways, including the I-405, I-105, and I-110, as well as proximity to LAX, this location offers unmatched regional connectivity for residents and tenants alike. 614 Myrtle Ave is more than just an income property, it's a gateway to the future of Inglewood. Don't miss your chance to secure a stake in one of LA's most exciting and promising neighborhoods.

Location

State CA

County Los Angeles

Area 101 - North Inglewood

Zoning INR3YY

Interior

Fireplace No

Exterior

Community Features Gated

Total Parking Spaces 14

Building

Story 2

Others

Tax ID 4021040023

Security Features Gated Community

Special Listing Condition Standard

Read Less Info
CRMLS – RECore
Listed by Tim Steuernol NAI Capital Commercial Inc.

MORTGAGE CALCULATOR

Use our home loan calculator to estimate your total mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment, and details about the home loan, to calculate your mortgage payment, schedule, and more.
$
$
%
%
Advanced
Payment
Schedule
Your mortgage payments over 30 years will add up to $0.
 
Serving Southern California

Custom Quick Search Tools To Explore Nearby Zip Codes, Cities & Neighborhoods In Your Preferred Destinations

There are 30 quick searches
 
Serving Arizona
Custom Quick Search Tools To Explore Nearby Zip Codes, Cities & Neighborhoods In Your Preferred Destinations
More