579 Hyde Park Place, Inglewood, CA 90302
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Listed Price :
$1,800,000
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Beds :
8
-
Baths :
7
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Property Size :
4,277 sqft
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Year Built :
1962
Property Description
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.
Interior Features
| Laundry Information |
| Location(s) |
Laundry Room |
| Bedroom Information |
| Bedrooms |
8 |
| Bathroom Information |
| Bathrooms |
7 |
Listing Information
| Address |
579 Hyde Park Place |
| City |
Inglewood |
| State |
CA |
| Zip |
90302 |
| County |
Los Angeles |
| Listing Agent |
Nabil Awada DRE #02046840 |
| Courtesy Of |
Matthews Real Estate Investment Services |
| List Price |
$1,800,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
4,277 |
| Lot Size |
8,267 |
| Year Built |
1962 |
Listing information courtesy of: Nabil Awada, Matthews Real Estate Investment Services. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 21st, 2024 at 1:06 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
