$1,555,000
$1,632,000
4.7%For more information regarding the value of a property, please contact us for a free consultation.
10,589 Sqft Lot
SOLD DATE : 10/03/2023
Key Details
Sold Price $1,555,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB23123976
Sold Date 10/03/23
HOA Y/N No
Year Built 1923
Lot Size 10,589 Sqft
Property Description
We are pleased to present 725 S Osage Ave, Inglewood. This property is improved by 5 units all single-story on a large 10,588 SF corner lot. Located one block from the $5.5 Billion SoFi Stadium & Hollywood Park and four blocks to The Forum, this site presents an excellent opportunity to redevelop or build ADU's. Based on the lot size and R3 zoning, a developer could build 7 units by right or 9 units with the allowable 20% density bonus. The property has a desirable layout with a duplex in the front and three detached bungalow style units in the rear, consisting of (2) 2-bed/1-bath and (3) 1-bed/1-bath units. Given the unbeatable Inglewood location, rental upside, and development potential, this is an ideal opportunity for both value-add investors and builders in one of the fastest growing rental submarkets in the country.
Location
State CA
County Los Angeles
Area 101 - North Inglewood
Zoning INR3YY
Interior
Fireplace No
Laundry In Kitchen
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Street Lights, Sidewalks
Total Parking Spaces 2
Private Pool No
Building
Lot Description Corner Lot
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 4021043008
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash to Loan
Special Listing Condition Standard
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Bought with Larson Harley • Lyon Stahl Investment Real Estate, Inc.
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