Keller Williams Hollywood Hills - Josana Joseph
1/10
Listing Courtesy Of: Matthews Real Estate Investment Services, 866-889-0550, Nabil Awada
Local Realty Services Provided By: Keller Williams Realty Larchmont
Overview
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$1,800,000
579 Hyde Park Pl, Inglewood, CA 90302
8 Beds
7 Baths
4,277 sq ft
.19 ac
$1,800,000

579 Hyde Park Pl, Inglewood, CA 90302

Estimation provided by Keller Williams Realty Inc.
8 Beds
7 Baths
4,277 sq ft
.19 ac
Active
For Sale

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. 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 36% 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. (1) One-Bed/One-Bath Unit Delivered Vacant - Please reach out to LA for full marketing package.

Property Details

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Overview
Property Type
Residential Income
Property Size
4,277 sq ft
Year Built
1962
Days on Site
99 Days
Parking
9 Parking Spaces
Josana J at Keller Williams Hollywood Hills
Keller Williams Hollywood Hills
DRE # 02222551

Activity History

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Purchase Price: $1,800,000
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Price & Tax History

Date
Event
Price
12/13/2024
Listed
$1,800,000
Year
Property Tax
Assessed Value
Assessed Value is a combination of the land and additions.
2023
$3,377
(-0.43%)
$127,188
Land 42,620 + Additions 84,568
2022
$3,391
(+0.7%)
$122,251
Land 40,966 + Additions 81,285
2021
$3,368
(+3.85%)
$122,251
Land 40,966 + Additions 81,285
2019
$3,243
(+7.46%)
$120,998
Land 40,546 + Additions 80,452
2017
$3,018
$116,301
Land 38,972 + Additions 77,329
The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.

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Car-Dependent Walkable Very Walkable
Josana J at Keller Williams Hollywood Hills
Keller Williams Hollywood Hills
DRE # 02222551

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