2703 W 79th Street, Inglewood, CA 90305

  • $799,000
2703 W 79th Street, Inglewood, CA 90305
Active
2703 W 79th Street, Inglewood, CA 90305
2703 W 79th Street, Inglewood, CA 90305
  • $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.

  • Address 2703 W 79th Street
  • City Inglewood
  • State/county CA
  • Zip/Postal Code 90305
  • Country US

Details

Updated on December 5, 2024 at 5:18 am
  • Property ID: 24462775
  • Price: $799,000
  • Property Size: 1600
  • Land Area: 0.1539 Acres
  • Bedrooms: 2
  • Bathrooms: 2
  • Garage Size: x x
  • Year Built: 2025
  • Property Type: Residential Income
  • Property Status: Active

Contact Information

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  • Hoyt Hochman