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.
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
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
2703 W 79th Street Market Data
Based on the last 30 days in this zip code
2703 W 79th Street History
| Date | Value | Agent |
|---|---|---|
| 11/14/2024Source: CRMLS | November 14, 2024 |
Contact Information: 323-300-1000