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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 799,000

Est. payment | -/mo

2 Beds

2 Baths

1,600 SqFt

Save

$ 799,000

Est. payment | -/mo

Save

2 Beds

2 Baths

1,600 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 1,600 sqft

Price per Sqft $499

MLS Listing ID 24462775

Bedrooms 2

HOA Y/N No

Year Built 2025

Lot Size 6,703 Sqft

Property Description

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.

Location

State CA

County Los Angeles

Area 101 - North Inglewood

Zoning INR1YY

Interior

Heating Central

Cooling Central Air

Fireplace No

Exterior

Parking Features None

Total Parking Spaces 2

Building

Lot Description Back Yard

Story 1

Entry Level Two

Architectural Style Contemporary

Level or Stories Two

New Construction Yes

Others

Senior Community No

Tax ID 4009030018

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Michael Maloney Keller Williams Realty Los Feliz #01487461

NEARBY SCHOOL & BUSINESS

+1(619) 302-3010

matt@homecrave.com

San Diego, CA 92124

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2703 W 79th ST Inglewood, CA 90305