Attention Investors! This is your ideal opportunity for a 1031 exchange or to expand your growing portfolio with this beautifully remodeled duplex in the highly sought-after Morningside Park neighborhood. Only a stones throw from the vibrant Inglewood Industry home to Sofi Stadium, Intuit Dome, YouTube Theater, Kia Forum, the new Hollywood Park featuring retail shops, Cinepolis Luxury Cinemas, Casino, Public Parks, and a beautiful lake! Plus, you’re only minutes from LAX. With these attractions so close, high tenant demand is guaranteed! But not too worry because this property is already a well oiled machine with both units fully occupied by reliable tenants paying market rents! It’s ready to be the easiest addition to your portfolio. Completely restored over the last four years, it features new windows, copper plumbing, updated electrical, new HVAC system, new roof, drainage and new stamped concrete hardscape. Each unit is approximately 1,500SF+ and includes two spacious beds, 1.5 baths, and a flexible 3rd room ideal for an office, den, or gym! The living rooms offer large picture windows overlooking a tree-lined street, a fireplace and new flooring. Both the baths and kitchens boast designer tiles while the light filled kitchens are outfitted with luxury Samsung appliance set including dishwasher, refrigerator and range. Plus, a convenient side-by-side washer/dryer setup off each kitchen. Additionally there is a two year old gazebo and storage shed in the back. Located on a beautiful tree-lined street with majestic Chinese elms just off the coveted Circle Park, where residents enjoy scenic walks and outdoor workouts, this neighborhood and property’s charm are hard to beat. The top unit is rented at $3000/month with 3 year term. *no dedicated parking but gas is included.* The downstairs unit has a long term tenant on a 3 year lease at $3,500/mo. This unit includes off street driveway parking. *Tenant pays gas and electric.* Combined, the units generate $78,000/year in gross revenue. PLUS THERE IS MORE! A bonus unit in back delivered fully vacant! Stunning 1bed, 1 bath unit with AC. Features include new flooring, new cabinetry, luxury appliances and a small island in the kitchen and a private outdoor patio. It has been rented for the last year at $2,200/month but has the ability to garner even more income, offering even more cash flow potential!
Property Details
Price:
$1,400,000
MLS #:
24447961
Status:
Active
Baths:
0
Address:
8412 Byrd Avenue
Type:
Residential Income
Neighborhood:
101northinglewood
City:
Inglewood
Listed Date:
Oct 8, 2024
State:
CA
ZIP:
90305
Lot Size:
5,498 sqft / 0.13 acres (approx)
Year Built:
1936
See this Listing
Mortgage Calculator
Schools
Interior
Appliances
Dishwasher, Disposal, Microwave, Refrigerator
Cooling
Central Air
Heating
Wall Furnace, Central
Exterior
Parking Features
Driveway
Parking Spots
0.00
Financial
Map
Community
- Address8412 Byrd Avenue Inglewood CA
- Area101 – North Inglewood
- CityInglewood
- CountyLos Angeles
- Zip Code90305
Similar Listings Nearby
- 3712 Carmona Avenue
Los Angeles, CA$1,800,000
4.76 miles away
- 215 W Plymouth Street
Inglewood, CA$1,799,999
2.44 miles away
- 602 W 40th Place
Los Angeles, CA$1,799,999
3.89 miles away
- 1938 W 146th Street
Gardena, CA$1,799,000
4.42 miles away
- 119 N Cedar Avenue
Inglewood, CA$1,799,000
2.52 miles away
- 2900 W 54th Street
Los Angeles, CA$1,799,000
2.12 miles away
- 1327 W 35th Street
Los Angeles, CA$1,795,000
4.49 miles away
- 6611 S San Pedro Street
Los Angeles, CA$1,750,000
3.11 miles away
- 4614 S Western Avenue
Los Angeles, CA$1,750,000
2.77 miles away
- 2223 E 119th Street
Los Angeles, CA$1,750,000
2.52 miles away
Courtesy of Compass. 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.
8412 Byrd Avenue
Inglewood, CA
LIGHTBOX-IMAGES