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$749,500
Est. payment /mo
3 Beds
1,624 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 1,624 sqft
Price per Sqft $461
MLS Listing ID CL26718223
Bedrooms 3
HOA Y/N No
Year Built 1921
Lot Size 9,118 Sqft
Acres 0.21
Property Sub-Type OTHER
Property Description
**VALUE-ADD INGLEWOOD TRIPLEX OPPORTUNITY DELIVERED VACANT **!!! Excellent opportunity for an investor, owner-user or value-add buyer. Set in the vibrant and rapidly transforming city of Inglewood, this property sits at the center of massive development and ongoing gentrification. Just minutes from Sofi Stadium, Intuit Dome & the historic Forum. Inglewood is experiencing a renaissance, with new entertainment venues, shopping, and dining options sprouting up, making it a prime area for growth. Whether you're a savvy investor looking to flip for a quick profit, a buy-and-hold investor aiming to maximize rental income, or an owner-occupant seeking to live in one unit while renting the others out & offsetting your mortgage, this triplex is brimming with potential. ARV is around $1.2-$1.3 million, with a potential spread of $400,000-$500,000. Public/title records reflect a **three-unit property**, while the property is presently configured differently from its historical three-unit layout. The front residence is currently configured as a **2-bedroom/2-bath unit** and was reportedly previously configured as **two separate 1-bedroom/1-bath units**. The rear unit is a 1BD./1BTH. residence that has some code violations(available upon request). Seller is prepared to address the existing City of Inglewood code-enforcement items during escrow. This creates an attractive opportunity to acquire a vacant multifamily asset, complete the necessary improvements and investigate restoration of the property's prior three-unit configuration. Buyer to independently investigate and verify the property's historical and current unit configuration, permitted use, square footage, and requirements for any reconfiguration with the City of Inglewood. SELLER IS MOTIVATED!!
Location
State CA
County Los Angeles
Zoning INR2YY
Interior
Heating Floor Furnace
Cooling No Air Conditioning
Fireplace No
Exterior
Total Parking Spaces 4
Building
New Construction No
Others
Tax ID 4013030007
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Listed by William Elkins • William Elkins