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Key Details
Sold Price $1,000,000
Property Type Townhouse
Sub Type Townhome
Listing Status Sold
Purchase Type For Sale
Square Footage 1,758 sqft
Price per Sqft $568
MLS Listing ID SB24068577
Sold Date 11/08/24
Style Townhome
Bedrooms 8
Full Baths 2
HOA Y/N No
Year Built 1951
Lot Size 0.280 Acres
Acres 0.2795
Property Description
Welcome to an exceptional INVESTMENT OPPORTUNITY in the vibrant heart of Inglewood! DELIVERED VACANT!!** This Duplex, nestled on a vast lot of 12,176 square feet, offers immense potential for savvy investors looking to capitalize on the dynamic real estate market of Los Angeles. Situated on a huge lot, this property boasts ample space for expansion and development. Currently, three units occupy the lot, providing immediate rental income while offering the flexibility to explore additional construction opportunities.(4 Beds, 1 bath in 1st Unit, 2 Bed 1 Bath in Unit 2, Garage converted into 2 bedroom) This property presents itself as a fixer-upper, ready to be transformed into a lucrative investment. With a vision and a little TLC, you can unlock the full potential of this gem and turn it into a highly desirable income-generating asset.One of the most captivating features of this property is its enviable location. From here, you can enjoy breathtaking views of the new Clippers stadium and the iconic SoFi Stadium, enhancing the allure of this investment. It's worth noting that the zoning for this property has recently been updated(INM1L*). Investors are encouraged to refer to the Inglewood City website for detailed information regarding the zoning regulations and potential development opportunities. (AS-IS SALE)
Welcome to an exceptional INVESTMENT OPPORTUNITY in the vibrant heart of Inglewood! DELIVERED VACANT!!** This Duplex, nestled on a vast lot of 12,176 square feet, offers immense potential for savvy investors looking to capitalize on the dynamic real estate market of Los Angeles. Situated on a huge lot, this property boasts ample space for expansion and development. Currently, three units occupy the lot, providing immediate rental income while offering the flexibility to explore additional construction opportunities.(4 Beds, 1 bath in 1st Unit, 2 Bed 1 Bath in Unit 2, Garage converted into 2 bedroom) This property presents itself as a fixer-upper, ready to be transformed into a lucrative investment. With a vision and a little TLC, you can unlock the full potential of this gem and turn it into a highly desirable income-generating asset.One of the most captivating features of this property is its enviable location. From here, you can enjoy breathtaking views of the new Clippers stadium and the iconic SoFi Stadium, enhancing the allure of this investment. It's worth noting that the zoning for this property has recently been updated(INM1L*). Investors are encouraged to refer to the Inglewood City website for detailed information regarding the zoning regulations and potential development opportunities. (AS-IS SALE)
Location
State CA
County Los Angeles
Area Inglewood (90303)
Zoning INM1-L*
Exterior
Garage Spaces 1.0
Fence Fair Condition
View Landmark
Total Parking Spaces 1
Building
Lot Description Curbs
Story 1
Sewer Unknown
Water Public
Level or Stories 1 Story
Others
Acceptable Financing Cash, Conventional, Cash To Existing Loan, Cash To New Loan, Submit
Listing Terms Cash, Conventional, Cash To Existing Loan, Cash To New Loan, Submit
Special Listing Condition Standard
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Bought with Terrevia Shirley • Coldwell Banker Residential Br