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$ 1,800,000
Est. payment | /mo
8 Beds
7 Baths
4,277 SqFt
$ 1,800,000
Est. payment | /mo
8 Beds
7 Baths
4,277 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,277 sqft
Price per Sqft $420
MLS Listing ID 24472243
Bedrooms 8
HOA Y/N No
Year Built 1962
Lot Size 8,267 Sqft
Property Description
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 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 42% 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. Please reach out to LA for full marketing package.
Location
State CA
County Los Angeles
Area 101 - North Inglewood
Zoning INR3*
Interior
Fireplace No
Laundry Laundry Room
Exterior
Parking Features Detached Carport, Door-Single, Garage
Attached Garage No
Total Parking Spaces 9
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4014026024
Special Listing Condition Standard
Listed by Nabil Awada • Matthews Real Estate Investment Services
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Dan Andrizzi
Broker-Associate | Lic# 01440387