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$1,800,000

Beds
8
sq ft
4,277

579 Hyde Park Pl, Inglewood, CA 90302

579 Hyde Park Pl

Inglewood, CA 90302

  • 9 days on market
We'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 42% 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. Please reach out to LA for full marketing package.

Details

Property type

Lot size

8,267 sq ft

Price per sq ft

$421

Year built

1962

HOA

No

Price History

12/13/2024
CLAW

CLAW #24472243

Listed
$1,800,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Status: Active

Tomo last checked: 12/22/2024 at 10:05 PM

Listing updated: 12/21/2024 at 5:12 AM

Listed by: Nabil Awada, Matthews Real Estate Investment Services Phone #: (866) 889-0550

MLS: CLAW #24472243

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