2703 W 79th Street
Inglewood, CA, 90305
$799,000
Beds
0 Baths
SqFt
0.15 Acres
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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.

Property Details

Price:
$799,000
MLS #:
24462775
Status:
Active
Baths:
0
Address:
2703 W 79th Street
Type:
Residential Income
Neighborhood:
101northinglewood
City:
Inglewood
Listed Date:
Nov 12, 2024
State:
CA
ZIP:
90305
Lot Size:
6,703 sqft / 0.15 acres (approx)
Year Built:
2025
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Architectural Style
Contemporary
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