579 Hyde Park Place, Inglewood, CA 90302
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- MLS#: 24472243 ( )
- Street Address: 579 Hyde Park Place
- Viewed: 1
- Price: $1,800,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1962
- Bldg sqft: 0
- Days On Market: 83
- Additional Information
- County: LOS ANGELES
- City: Inglewood
- Zipcode: 90302
- Provided by: Matthews Real Estate Investment Services
- Contact: Nabil Nabil
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DescriptionWe're proud to present 579 Hyde Park Place located in the highly desirable northwest Inglewood area. This 7 unit apartment building is an opportunity for an investor to own a value add asset in a high demand rental market with tremendous growth potential in the City of Champions. On the market for the first time in over 50 years, the property features a total of 7 units comprised of a desirable mix of (1) two bed/one bath and (6) one bed/one bath units. Parking is at the rear of the property along with a separate laundry room. Units are individually metered for electricity and gas keeping utility costs relatively low. A buyer can capitalize on the tight rental market and rents in this neighborhood by implementing a strategic unit interior renovation plan, which will upgrade the units and allow the buyer to command top of the market rents. Average new lease rates in the neighborhood result in over 36% upside. Located a short drive away from the site of the SoFi Stadium and Entertainment District & recently completed Intuit Dome. The Intuit Dome is expected to generate around $260 million in economic activity for the city of Inglewood. The future is looking bright for the city of Inglewood and this investment is an opportunity to own a piece of that growth. (1) One Bed/One Bath Unit Delivered Vacant Please reach out to LA for full marketing package.
Property Location and Similar Properties
Features
Building Area Total
- 4277.00
Country
- US
Laundry Features
- Individual Room
Laundry Income
- 5000.00
Levels
- Two
Netoperatingincome
- 85052.00
Parcel Number
- 4014026024
Parking Features
- Detached Carport
- Garage - Single Door
Sourcesystemkey
- 24-472243:CLAW
Tenant Pays
- Electricity
- Gas
Totalexpenses
- 44787.00
Uncovered Spaces
- 2.00
Year Built
- 1962
Zoning
- INR3*