2703 W 79th StreetInglewood, CA 90305

Multi-Family · 2 Beds · 1,600 Sq. ft. | 0.15 Acres
$799,000 Active

2703 W 79th Street Overview

Time on Site:
592 days
Visits:
0

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) + and ADU or two-unit duplex (allows 2x800sqft units) 800 sq. ft 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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2703 W 79th Street Facts & Features

  • Type Multi-Family
  • Sq. ft. 1,600
  • Price/Sq.ft. $499
  • Lot 0.15 Acres

Details

General

Association/HOA

  • Association: No

Income/Expenses

  • Gross Income: 72000.0

Building Information

  • New Construction: Yes
  • Year Built: 2025

Location/Region

  • Country: US
  • County Or Parish: Los Angeles
  • MLS Area Major: 101 - North Inglewood

Rent/Lease Information

  • Land Lease: No

General Information

  • Parcel Number: 4009030018
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: Standard
  • Zoning: INR1YY

Interior

Beds/Baths

  • Bathrooms Full: 0
  • Bathrooms Half: 0
  • Bathrooms One Quarter: 0
  • Bathrooms Three Quarter: 0
  • Bathrooms Total: 2
  • Bedrooms Total: 2

Building Interior

  • Building Area Total: 1600.0

General Information

  • Levels: Two
  • Living Area: 1600.0
  • Stories: 2
  • Stories Total: 1

Exterior

Parking Information

  • Parking Features: None
  • Parking Total: 2.0

Lot Information

  • Lot Features: Back Yard
  • Lot Size Acres: 0.1539
  • Lot Size Area: 6703.0
  • Lot Size Dimensions: 50x134
  • Lot Size Square Feet: 6703.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 1

Building Exterior/Construction

  • Architectural Style: Contemporary

General Information

  • Number Of Units Total: 2

2703 W 79th Street Neighborhood

Community

90305 (INGLEWOOD) Demographics

46
Median Age
6,633
Population Density (per sq. mile)
44%
College Educated
$88,910
Estimated Median Income
3,743
Estimated Total Home Owners
2,184
Estimated Total Renters
63% / 37%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

2703 W 79th Street Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

2703 W 79th Street Market Data

Based on the last 30 days in this zip code

$876,925
Average List Price
$519
Average Price per Square Foot
14
Properties Sold
107
Average Days on Market
111
Properties for Sale
Calculations provided by Reliance Network

2703 W 79th Street History

Date Event Value Agent
11/14/2024Source: CRMLS Added to Database
November 14, 2024
Listing provided courtesy of Keller Williams Realty Los FelizMichael Maloney- MLS# 24462775MLS ProviderContact Information: 323-300-1000
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