Active
579 Hyde Park Place
Inglewood CA, 90302
$1,800,000
$420.86 per sqft
Active
8 Beds
7 Baths
4,277 sqft
Residential
Built in 1962
Listed by Nabil Awada with Matthews Real Estate Investment Services 310-844-9362
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.
24472243
MLSⓇ ID
December 13, 2024
Listed
February 12, 2025
Updated
Interior Features
Total Stories
2
Bedrooms
8
Total Bathrooms
7
Laundry Description
Laundry Room
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.19 Acres
Other Property Details
Area Name
101 - North Inglewood
Days on Market
31
Garage
No
Parking
Detached Carport, Door-Single, Garage
Parking Total
9
View
No
County
Los Angeles
Pool
No
Zoning
INR3*
Listing Contact: 866-889-0550
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 2/12/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 2/12/2025 at 7:02 PM UTC