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579 Hyde Park Place Inglewood, CA 90302
4,277 SqFt
UPDATED:
12/21/2024 02:40 PM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,277 sqft
Price per Sqft $420
MLS Listing ID CL24472243
HOA Y/N No
Year Built 1962
Lot Size 8,267 Sqft
Acres 0.19
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 f
Location
State CA
County Los Angeles
Area Listing
Zoning INR3
Interior
Fireplace No
Laundry Laundry Room
Building
New Construction No
Others
Tax ID 4014026024
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Listed by Nabil Awada • Matthews Real Estate Investment Services
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