$911,000
$799,000
14.0%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
2 Baths
1,979 SqFt
SOLD DATE : 08/27/2024
Key Details
Sold Price $911,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,979 sqft
Price per Sqft $460
MLS Listing ID 24-417163
Sold Date 08/27/24
Style Tudor
Bedrooms 5
Construction Status Fixer, Repair Cosmetic, Additions/Alter
Year Built 1923
Lot Size 7,431 Sqft
Acres 0.1706
Property Description
Here's what makes this move-in fixer worth the investment. One, it's a duplex, and both units will be delivered vacant, which is a huge and rare benefit. Due to rent control and just-cause evictions, vacating units can be nearly impossible or extremely costly. The vacant units also mean you can choose your tenants and set market rents. The Front unit has 2 beds and one bath, with a projected rent of $2,850. The rear unit has 3 beds and one bath, with a projected rent of $3,200. Total projected rent: $6,050. Use the rental income from the second unit to qualify for more financing or offset your mortgage payment. The lot size, at about 7,500 square feet, represents some of the biggest residential lots in Inglewood, which means more construction possibilities. The detached units offer privacy to each resident. The property also uniquely has a detached garage, which could be turned into an ADU, for a total of three detached units. Each unit could have its private yard space for maximum rentability. The property is in Fairview Heights, one of Inglewood's most desirable and priciest neighborhoods. It's about 15 minutes away from Playa Vista. It's within walking distance of a train station, which will soon connect you to LAX. Hollywood Park and Sofi's entertainment is close enough to enjoy and far enough to avoid noise and congestion. You're also seconds away from North Park, an intimate neighborhood park with picnic tables, restrooms, and three tennis courts. The property needs updating. Sold as-is. But for the right buyer, the investment is worth it. First showing Sunday, July 21.
Location
State CA
County Los Angeles
Area North Inglewood
Zoning INR2YY
Rooms
Other Rooms None
Interior
Heating None
Cooling None
Fireplaces Type None
Equipment Gas Dryer Hookup
Laundry Inside, Garage
Exterior
Garage Driveway, Converted Garage, Covered Parking
Garage Spaces 5.0
Pool None
Roof Type Shingle
Building
Lot Description Front Yard, Fenced Yard, Value In Land, Street Paved
Water Public
Architectural Style Tudor
Level or Stories One
Structure Type Stucco
Construction Status Fixer, Repair Cosmetic, Additions/Alter
Others
Special Listing Condition Standard
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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with R.B. Haley, Inc
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