579 Hyde Park Place, Inglewood, CA 90302

• 4,277 sqft

Property Description

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 32% rental upside. Located a short drive away from the site of the SoFi Stadium and Entertainment District

Listing Status:

Active

Date Added:

December 13, 2024 at 06:00AM

Listing Office:

Matthews Real Estate Investment Services : 866-889-0550

Listing Agent:

Nabil Awada : 310-844-9362

MLS ID:

CL24472243

Interior

• Laundry: Laundry Room

Exterior

• Parking: Other

Location

• County: Los Angeles

Lot

• Zoning: INR34014026024

This listing courtesy of Nabil Awada, Matthews Real Estate Investment Services