579 Hyde Park Place

Inglewood , CA 90302

MLS#: 24472243

$1,750,000

Status: Active
Listing number: 24472243
Listing provided by: Matthews Real Estate Investment Services
Listing agent phone: None
Last update: 18 days ago
On site: 7 months ago
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Property

Beds

8

Full Baths

None

1/2 Baths

None

Year Built

1962

Sq.Footage

4,277

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. The current owners have spent $150k+ in major capex improvements. This includes new walkways, railing, and steps, and is SB721 compliant. Electrical systems have been fully re-done and upsized with new mains and subpanels. Plumbing, roof, and driveway were also re-done or upgraded. 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 35% rental 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 looks 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.

Features & Amenities

Interior

  • Total Bedrooms

    8

  • Bathrooms

    N/A

Exterior

  • Garage

    No

  • Parking

    Detached Carport, Garage

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.1898

  • Property Type

    Residential Income

Price

  • Sales Price

    $1,750,000

  • Sq. Footage

    4, 277

  • Price/SqFt

    $409

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Senior Community YN

    NO

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Location

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Los Angeles

Elementary School

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Listing Courtesy of Nabil Awada , Matthews Real Estate Investment Services

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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. The current owners have spent $150k+ in major capex improvements. This includes new walkways, railing, and steps, and is SB721 compliant. Electrical systems have been fully re-done and upsized with new mains and subpanels. Plumbing, roof, and driveway were also re-done or upgraded. 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 35% rental 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 looks 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.

579 Hyde Park Place

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