Description

Unique opportunity to build 1-2 units (by-right - fully entitled) in hot morningside area of inglewood. this is a ca sb - 9 lot division opportunity. 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