$1,000,000
$949,000
5.4%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
2 Baths
1,758 SqFt
SOLD DATE : 11/08/2024
Key Details
Sold Price $1,000,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,758 sqft
Price per Sqft $568
MLS Listing ID SB24068577
Sold Date 11/08/24
Bedrooms 8
Full Baths 2
HOA Y/N No
Year Built 1951
Lot Size 0.279 Acres
Property Description
Welcome to an exceptional INVESTMENT OPPORTUNITY in the vibrant heart of Inglewood! DELIVERED VACANT!!** This Duplex, nestled on a vast lot of 12,176 square feet, offers immense potential for savvy investors looking to capitalize on the dynamic real estate market of Los Angeles. Situated on a huge lot, this property boasts ample space for expansion and development. Currently, three units occupy the lot, providing immediate rental income while offering the flexibility to explore additional construction opportunities.(4 Beds, 1 bath in 1st Unit, 2 Bed 1 Bath in Unit 2, Garage converted into 2 bedroom) This property presents itself as a fixer-upper, ready to be transformed into a lucrative investment. With a vision and a little TLC, you can unlock the full potential of this gem and turn it into a highly desirable income-generating asset.One of the most captivating features of this property is its enviable location. From here, you can enjoy breathtaking views of the new Clippers stadium and the iconic SoFi Stadium, enhancing the allure of this investment. It's worth noting that the zoning for this property has recently been updated(INM1L*).
Investors are encouraged to refer to the Inglewood City website for detailed information regarding the zoning regulations and potential development opportunities. (AS-IS SALE)
Location
State CA
County Los Angeles
Area 102 - South Inglewood
Zoning INM1-L*
Rooms
Main Level Bedrooms 8
Interior
Interior Features All Bedrooms Down
Cooling None
Fireplaces Type None
Fireplace No
Laundry Electric Dryer Hookup, Gas Dryer Hookup
Exterior
Garage Spaces 1.0
Garage Description 1.0
Fence Fair Condition
Pool None
Community Features Curbs
View Y/N Yes
View Landmark
Porch None
Total Parking Spaces 1
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 1
Entry Level One
Sewer Unknown
Water Public
Level or Stories One
New Construction No
Schools
School District Inglewood Unified
Others
Senior Community No
Tax ID 4032006045
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Cal Vet Loan, Submit
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Cal Vet Loan, Submit
Financing Other
Special Listing Condition Standard
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Bought with Terrevia Shirley • Coldwell Banker Residential Br
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