10
See all 10 photos
$1,750,000
Est. payment /mo
4,277 SqFt
Active
579 Hyde Park Place Inglewood, CA 90302
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Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,277 sqft
Price per Sqft $409
MLS Listing ID CL24472243
HOA Y/N No
Year Built 1962
Lot Size 8,267 Sqft
Acres 0.19
Property Sub-Type Other
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 35% rental upside. Located a short drive away from the site of the SoFi Stadium and Entertainment District
Location
State CA
County Los Angeles
Zoning INR3
Interior
Fireplace No
Laundry Laundry Room
Building
New Construction No
Others
Tax ID 4014026024
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Nabil Awada • Matthews Real Estate Investment Services
A FEW WORDS FROM PAST CLIENTS
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Mike & Jules Guzzardo Team With Jenny Biczkow
Realtor | r01066846,01955798,02086289