Property listed by Matthews Real Estate Investment Services, Nabil Awada 866-889-0550
$1,800,000
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… Read More 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. 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 36% 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 is looking bright for the city of Inglewood and this investment is an opportunity to own a piece of that growth. (1) One-Bed/One-Bath Unit Delivered Vacant - Please reach out to LA for full marketing package. Read Less
Listing Snapshot
Days Online
154
Last Updated
Property Type
Other
Beds
8
Square Ft.
4,277
Lot Size
0.19 Acres
Year Built
1962
MLS Number
24472243
30 Days Snapshot Of 90302
$643k
-23%
(avg) sold price
2
-66%
homes sold
211
+313%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1962, Building area total: 4,277, Levels: Two, Living area: 4277, 2 stories, 1 building
Income
Gross income: $126,920, Net operating income: $85,052
Laundry
LaundryRoom
Lot
0.1898 acres, 8,267 square feet, Size: 8,267
Parking
2 open parking spaces, 9 totals parking, DetachedCarport, DoorSingle, Garage
Property
Zoning: INR3*
Tenant Pays
Electricity, Gas
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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