Active
2703 W 79th Street
Inglewood CA, 90305
$799,000
$499.38 per sqft
Active
2 Beds
2 Baths
1,600 sqft
Residential
Built in 2025
Listed by Michael Maloney with Keller Williams Realty Los Feliz 323-842-9687
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.
24462775
MLSⓇ ID
November 12, 2024
Listed
November 21, 2024
Updated
Map
2703 W 79th Street
Inglewood CA, 90305
Interior Features
Total Stories
2
Bedrooms
2
Total Bathrooms
2
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.15 Acres
Lot Features
Back Yard
Architectual Style
Contemporary
Other Property Details
Area Name
101 - North Inglewood
Days on Market
8
Garage
No
Parking
None
Parking Total
2
View
No
County
Los Angeles
Pool
No
Zoning
INR1YY
Listing Contact: 323-300-1000
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 11/21/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 11/21/2024 at 12:49 AM UTC