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579 Hyde Park Place, Inglewood, CA 90302
Priced at Only: $1,600,000
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Address: 579 Hyde Park Place, Inglewood, CA 90302
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  • MLS#: 24472243 ( )
  • Street Address: 579 Hyde Park Place
  • Viewed: 1
  • Price: $1,600,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1962
  • Bldg sqft: 0
  • Days On Market: 417
  • Additional Information
  • County: LOS ANGELES
  • City: Inglewood
  • Zipcode: 90302
  • Provided by: Matthews Real Estate Investment Services
  • Contact: Nabil Nabil
  • California Regional MLS IDX
  • DMCA Notice
  • 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 32% rental 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 looks bright for the city of Inglewood and this investment is an opportunity to own a piece of that growth. Current rents shown effective January 2026. Please reach out to LA for full marketing package.
Features
Building Area Total
  1. 4277.00
Country
  1. US
Laundry Features
  1. Individual Room
Laundry Income
  1. 5000.00
Levels
  1. Two
Netoperatingincome
  1. 89651.00
Parcel Number
  1. 4014026024
Parking Features
  1. Detached Carport
  2. Garage - Single Door
Sourcesystemkey
  1. 24-472243:CLAW
Tenant Pays
  1. Electricity
  2. Gas
Totalexpenses
  1. 43086.00
Uncovered Spaces
  1. 2.00
Year Built
  1. 1962
Zoning
  1. INR3*
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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