2703 W 79th Street, Inglewood CA, 90305

Active

2703 W 79th Street

Inglewood CA, 90305

$298,000

$110.95 per sqft

Active

0.06 Acres

Land

Listed by Michael Maloney with Keller Williams Realty Los Feliz 323-842-9687

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.

25510409

MLSⓇ ID

March 12, 2025

Listed

March 14, 2025

Updated

Exterior/Building Features

Lot Size: 0.06 Acres
Lot Features: Back Yard

Other Property Details

Area Name: 101 - North Inglewood
Days on Market: 1
Garage: No
Parking Total: 0
View: No
View Description: None
County: Los Angeles
Zoning: INR1YY

Listing Contact: 323-300-1000

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/14/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 3/14/2025 at 10:39 AM UTC