2703 W 79th Street
Inglewood, CA 90305
1600 sqft | 2 beds | 0.15 acres | #24462775
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.
Interior Details
- Bedrooms2
Property Details
- Lot DescriptionBackYard
- Stories1
Measurements
- Acres0.1539
- Square Feet1600
Construction Details
- Property TypeMulti-Family
Condition
- Year Built2025
Community and Neighborhood Details
- CountyLos Angeles
Financial Details
- Original List Price$799,000
Other
- MLS #24462775
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Michael Maloney (#CLW-X69514)
Listing Office: Keller Williams Realty Los Feliz (#CLW-X74016)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
