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2703 W 79th St

Inglewood, CA 90305
  • $310,000
  • STATUS: Active
  • ON SITE: 5 Days
  • MLS #: 25494011
New On Site 5 Days Ago
UPDATED: 51 min ago
$310,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Description

Unique opportunity to build 1-2 units (by-right - fully entitled) in hot Morningside area of Inglewood. Invest in this booming area alongside billions of dollars of new development activity - SOFI Stadium, Intuit Dome, and the Kia Forum. Vacant lot entitled for either a single-family home (SFR) + an ADU *or* a duplex (allows 2x800sqft units). 800 sq. ft units projected to rent for up to $3,500, implying duplex rents of up to $7,000 per month. No off-street parking required, and no CEQA EIA or hearings required (ministerial approvals) Lots of upside potential, and a great opportunity to earn an outsized return. Build 2 x 800 sq ft duplex (1,600 sq. ft total) for ~$450k all-in, bringing total build (hard costs and soft costs) + land to $800,000 (we can refer you to a prefab builder ready to go at these prices). Imagine - a brand new construction duplex getting $6,000/month in rent for just $800,000 (that's about a 6.75% CAP rate!) - or flip it post-construction for $1.1mm+ Ask us how! Buyer to verify all claims regarding development ability, future values, and income potential.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2025-02-10T20:42:58.54. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.deserthouseseekers.com/homes/160018458
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2703 W 79th St Inglewood, CA 90305

  • Price: $310,000
  • Status: Active
  • On Site: 5 Days
  • Updated: 51 min ago
  • MLS #: 25494011
0
Beds
0
Baths
0
½ Baths
0.15
Acres
Neighborhood:
North Inglewood
County:
Los Angeles
Area:
North Inglewood
Property Description
Unique opportunity to build 1-2 units (by-right - fully entitled) in hot Morningside area of Inglewood. Invest in this booming area alongside billions of dollars of new development activity - SOFI Stadium, Intuit Dome, and the Kia Forum. Vacant lot entitled for either a single-family home (SFR) + an ADU *or* a duplex (allows 2x800sqft units). 800 sq. ft units projected to rent for up to $3,500, implying duplex rents of up to $7,000 per month. No off-street parking required, and no CEQA EIA or hearings required (ministerial approvals) Lots of upside potential, and a great opportunity to earn an outsized return. Build 2 x 800 sq ft duplex (1,600 sq. ft total) for ~$450k all-in, bringing total build (hard costs and soft costs) + land to $800,000 (we can refer you to a prefab builder ready to go at these prices). Imagine - a brand new construction duplex getting $6,000/month in rent for just $800,000 (that's about a 6.75% CAP rate!) - or flip it post-construction for $1.1mm+ Ask us how! Buyer to verify all claims regarding development ability, future values, and income potential.
Exterior Features

Cross Streets Manchester and Van Nuys Lot Description Back Yard Lot Size Area 2686 View Description None View YN No

Property Features

Cable YN Yes Disclosures Building Plans Available Land Lease Type Fee Sale Type Standard Source Lot Size Area Assessor Source Lot Size Dimensions Vendor Enhanced Zoning INR1YY

Listing provided courtesy of Michael Maloney DRE#01487461 of Keller Williams Realty Los Feliz: 323-300-1000.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2025-02-10T20:42:58.54. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Zwemmer Realty Group | Keller Williams Realty
75486 Augusta Drive
Indian Wells CA, 92210