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) + an adu *or* a duplex (allows 2x800sqft units). 800 sq. ft units 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
LandCounty
Los AngelesStyle
LandAD ID
48511702
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Property Details
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Interior Features
Bathroom Information
- Total Baths: 0
- Full Baths: 0
- Half Baths: 0
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Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.0617
- Lot Size Dimensions: 50x134
- Lot Size Source: Assessor
- Lot Size Square Feet: 2686
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Listing Information
Listing Price Information
- Original List Price: 299,000
- Listing Contract Date: 2025-02-04
Lease Information
- Listing Agreement: Seller Reserved
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Taxes / Assessments
Tax Information
- Parcel Number: 4009030018
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Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
Homeowners Association
Rental Info
- Lease Term: Negotiable
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School, Utilities & Location Details
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: Land
- Area: 101 - North Inglewood
Building and Construction
- Year Built Source: Vendor Enhanced
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BuyOwner last updated this listing 02/22/2025 @ 07:23
- MLS: 25494011
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Land, with 0 bedrooms which is for sale, it has 0 sqft, 2,686 sized lot, and 0 parking. A comparable Land, 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 Land are nearby neighborhoods.