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$799,000

Beds
2
sq ft
1,600

2703 W 79th St, Inglewood, CA 90305

2703 W 79th St

Inglewood, CA 90305

  • 38 days on market
Unique opportunity to build 1-2 units (by-right - fully entitled) in hot Morningside area of Inglewood. 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.

Details

Property type

Property condition

New Construction

Lot size

6,703 sq ft

Price per sq ft

$500

Year built

2025

HOA

No

Price History

11/12/2024
CLAW

CLAW #24462775

Listed
$799,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Status: Active

Tomo last checked: 12/22/2024 at 10:40 PM

Listing updated: 12/05/2024 at 3:05 AM

Listed by: Michael Maloney, Keller Williams Realty Los Feliz Phone #: (323) 300-1000

MLS: CLAW #24462775

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