2703 West 79th Street

Inglewood, CA 90305

$799,000
Price
2
Beds
2
Baths
1,600 Sq. Ft.
$499 / Sq. Ft.
1,600
Sq. Ft.
$499
per Sq. Ft.

Description

Unique opportunity to build 1-2 units (by-right - fully entitled) in hot Morningside area of Inglewood. This is a CA SB - 9 lot division opportunity. 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...Unique opportunity to build 1-2 units (by-right - fully entitled) in hot Morningside area of Inglewood. This is a CA SB - 9 lot division opportunity. 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.
  1. Listed by Michael Maloney • DRE #01487461 • Brokerage DRE #01269474 • Keller Williams Realty Los Feliz

Property Details for 2703 West 79th Street

Zoning
INR1YY
Style
Contemporary
Cross Streets
Manchester and Van Nuys
Parcel Number
4009030018
Total Units
2.0
Living Area
1600
Source Living Area
Owner
Area
North Inglewood (101)
LISTING UPDATED: 11/14/2024 03:29 PM

Property Details for 2703 West 79th Street

StatusActive
MLS #24-462775
Days on Market6
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2025
Lot Size0.15 AC / 6,703 SF
CountyLos Angeles County

Building Information for 2703 West 79th Street

Stories1Residences-Year Built2025Building Size-Lot Size0.15 AC / 6,703 SF

Property Information for 2703 West 79th Street

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Estimated
  • Number Of Stories: 1
  • Number Of Buildings: 1
  • Type Of Units: 2 bedrooms
  • Property Condition: New Construction
Contract Info
Contract Info
  • Probate: No
  • Disclosures: Building Plans Available
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $0
  • Net Operating Income: $.00
  • Gross Income: $72,000
  • Gross Rent Multiplier: $.00
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Lot Acreage: 0.1539
  • Lot Size Square Feet: 6703
  • Lot Size Dimensions: 50x134
  • Source Lot Size Dimensions: Vendor Enhanced
  • Lot Features: Back Yard
  • Lot Description: Back Yard
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 2
  • Parking Features: None
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: Yes
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-14-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,000.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,000.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $153,766.00
  • Assessed Improvement Percent: 26.33
  • Assessed Land Value: $430,334.00
  • Assessed Land Percent: 73.67
  • Assessed Total Value: $584,100.00

Property History for 2703 West 79th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2703 West 79th Street

Taxable ValueLand$438,940Additions$156,841Total$595,781
Tax Record2024$7,809 ($651 / month)
Home Facts
Beds2Total Finished SqFt1,586 SqFtAbove Grade Finished SqFt1,586 SqFtStories1Lot Size6,701 SqFtStyleSingle Family ResidenceYear Built1939ZoningINR1YYCountyLOS ANGELESAPN4009-030-018

Schools near 2703 West 79th Street

This home is within Inglewood Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - K to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Lane (Warren) Elementary School
PublicK to 6

Clyde Woodworth Elementary School
PublicK to 8

Inglewood High School
Public9 to 12

Animo Inglewood Charter High School
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

2703 West 79th Street is a multi-family home for sale in Inglewood, CA 90305. This property was listed for sale on November 12, 2024 by Keller Williams Realty Los Feliz, it's currently listed at $799,000. It has been on the market for a total of 6 days and was last sold on October 7, 2004. This listing's school district is Inglewood Unified School District. Nearby schools include Lane (Warren) Elementary School, Clyde Woodworth Elementary School and Inglewood High School. 2703 West 79th Street is a 2-bed, 2-bath, 1,600 sqft multi-family home built in 2025.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty Los Feliz, Michael Maloney, DRE #01487461

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.