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.
Property Details
Price:
$1,800,000
MLS #:
24472243
Status:
Active
Baths:
0
Address:
579 Hyde Park Place
Type:
Residential Income
Neighborhood:
101northinglewood
City:
Inglewood
Listed Date:
Dec 13, 2024
State:
CA
ZIP:
90302
Lot Size:
8,267 sqft / 0.19 acres (approx)
Year Built:
1962
See this Listing
Mortgage Calculator
Schools
Interior
Exterior
Parking Features
Detached Carport, Garage – Single Door
Parking Spots
9.00
Stories Total
2
Financial
Tenant Pays
Electricity, Gas
Map
Community
- Address579 Hyde Park Place Inglewood CA
- Area101 – North Inglewood
- CityInglewood
- CountyLos Angeles
- Zip Code90302
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Courtesy of Matthews Real Estate Investment Services. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
579 Hyde Park Place
Inglewood, CA
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