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Key Details
Sold Price $911,000
Property Type Other Types
Sub Type OTHER
Listing Status Sold
Purchase Type For Sale
Square Footage 1,979 sqft
Price per Sqft $460
MLS Listing ID CL24417163
Sold Date 08/27/24
Bedrooms 5
HOA Y/N No
Year Built 1923
Lot Size 7,431 Sqft
Acres 0.17
Property Description
Here's what makes this move-in fixer worth the investment. One, it's a duplex, and both units will be delivered vacant, which is a huge and rare benefit. Due to rent control and just-cause evictions, vacating units can be nearly impossible or extremely costly. The vacant units also mean you can choose your tenants and set market rents. The Front unit has 2 beds and one bath, with a projected rent of $2,850. The rear unit has 3 beds and one bath, with a projected rent of $3,200. Total projected rent: $6,050. Use the rental income from the second unit to qualify for more financing or offset your mortgage payment. The lot size, at about 7,500 square feet, represents some of the biggest residential lots in Inglewood, which means more construction possibilities. The detached units offer privacy to each resident. The property also uniquely has a detached garage, which could be turned into an ADU, for a total of three detached units. Each unit could have its private yard space for maximum rentability. The property is in Fairview Heights, one of Inglewood's most desirable and priciest neighborhoods. It's about 15 minutes away from Playa Vista. It's within walking distance of a train station, which will soon connect you to LAX. Hollywood Park and Sofi's entertainment is close enough to en
Location
State CA
County Los Angeles
Area Listing
Zoning INR2
Interior
Heating None
Cooling No Air Conditioning
Fireplace No
Laundry In Garage, Inside
Exterior
Exterior Feature Front Yard
Total Parking Spaces 5
Building
Lot Description Other, Front Yard
New Construction No
Others
Tax ID 4014016024
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© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Bought with Datashare Cr Don't DeleteDefault Agent