2703 W 79th Street

Inglewood, CA 90305

  • 2 Bed(s)
  • 0 Bath(s)
  • 1,600 Sqft
  • 6703
    Sqft(Lot)
$799,000

Description

Unique opportunity to build 1-2 units (by-right - fully entitled) in hot morningside area of inglewood. invest in this booming area alongside billions of dollars of new development activity - sofi stadium, intuit dome, and the kia forum. vacant lot entitled for either a single-family home (sfr) + and adu or two-unit duplex (allows 2x800sqft units) 800 sq. ft projected to rent for up to $3,500, implying duplex rents of up to $7,000 per month. no off-street parking required, and no ceqa eia or hearings required (ministerial approvals) lots of upside potential, and a great opportunity to earn an outsized return. build 2 x 800 sq ft duplex (1,600 sq. ft total) for ~$450k all-in, bringing total build (hard costs and soft costs) + land to $800,000 (we can refer you to a prefab builder ready to go at these prices). imagine - a brand new construction duplex getting $6,000/month in rent for just $800,000 (that's about a 6.75% cap rate!) - or flip it post-construction for $1.1mm+ ask us how! buyer to verify all claims regarding development ability, future values, and income potential.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Contemporary

  • AD ID

    47650431

Sell a home like this and save $47,441 Find Out How

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Property Details

  • Bedroom Information

    • Total Bedrooms : 2

    Bathroom Information

    • Total Baths: 2
    • Full Baths: 0
    • Half Baths: 0

    Cooling Features

    • Central Air
    • Air Conditioning

    Heating Source

    • Central
    • Has Heating

  • Building Information

    • Year Built: 2025
    • Building Area Total: 1,600

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1539
    • Lot Size Dimensions: 50x134
    • Lot Size Source: Vendor Enhanced
    • Lot Size Square Feet: 6703

  • Listing Price Information

    • Original List Price: 799,000
    • Listing Contract Date: 2024-11-12

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 4009030018

  • Garage and Parking

    • Garage Description: None

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 101 - North Inglewood
    • Postal Code Plus 4: 1033
    • Directions: 110 to Manchester, to Van Nuys to 79th
    • Zoning: INR1YY
    • Source Property Type: Residential Income
    • Area: 101 - North Inglewood

    Building and Construction

    • Property Age: -1
    • Year Built Source: Estimated
    • Total Square Feet Living: 1600
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 12/18/2024 @ 05:06

  • MLS: 24462775
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 2 bedrooms which is for sale, it has 1,600 sqft, 6,703 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Inglewood , in zip code 90305, this Los Angeles County Home are nearby neighborhoods.