Homes for sale - 2703 W 79th St, Inglewood, CA 90305

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Gregory Masi

gregory@gregorymasi.com +1(310) 488-4880

$ 799,000

Est. payment | -/mo

2 Beds

2 Baths

1,600 SqFt

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$ 799,000

Est. payment | -/mo

Save

2 Beds

2 Baths

1,600 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,600 sqft

Price per Sqft $499

MLS Listing ID 24-462775

Style Contemporary

Bedrooms 2

Construction Status New Construction

Lot Size 6,703 Sqft

Acres 0.1539

Property 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.

Location

State CA

County Los Angeles

Area North Inglewood

Zoning INR1YY

Rooms

Other Rooms None

Interior

Heating Central

Cooling Central

Equipment None

Exterior

Garage None

Garage Spaces 2.0

Building

Lot Description Back Yard

Story 1

Architectural Style Contemporary

Level or Stories Two

Construction Status New Construction

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Keller Williams Realty Los Feliz

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Gregory Masi

REALTOR® | Lic# 1708321

gregory@gregorymasi.com

+1(310) 488-4880

11601 Wilshire Blvd., Suite 101 Los Angeles, CA

2703 W 79th St Inglewood, CA 90305

Gregory Masi

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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2703 W 79th St