Active
579 Hyde Park Pl
Inglewood CA, 90302
$1,800,000
$420.86 per sqft
Active
8 Beds
7 Baths
4,277 sqft
Multi-family
Built in 1962
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.
24-472243
MLSⓇ ID
December 13, 2024
Listed
December 21, 2024
Updated
Map
579 Hyde Park Pl
Inglewood CA, 90302
Interior Features
Total Stories
2
Bedrooms
8
Total Bathrooms
7
Appliances
Other
Laundry Description
Room
Fireplace
No
Cooling
Yes
Cooling Description
Other
Heating
Yes
Heating Description
Other
Exterior/Building Features
Lot Size
0.19 Acres
Other Property Details
Area Name
North Inglewood
Days on Market
8
Garage
Yes
Parking
Carport Detached, Garage - 1 Car
Parking Total
9
View
No
County
Los Angeles
Pool
No
Zoning
INR3*
Listed by Nabil Awada with Matthews Real Estate Investment Services
Listing Contact: 310-469-2974
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Landon Pacific Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 12/21/2024