2703 West 79th Street
$799,000
2
2
1,600
1,600
$499
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.
- Listed by Michael Maloney • DRE #01487461 • Brokerage DRE #01269474 • Keller Williams Realty Los Feliz
Property Details for 2703 West 79th Street
Zoning
INR1YY
StyleContemporary
Cross StreetsManchester and Van Nuys
Parcel Number4009030018
Total Units2.0
Living Area1600
Source Living AreaOwner
AreaNorth Inglewood (101)
LISTING UPDATED: 11/14/2024 03:29 PM
Property Details for 2703 West 79th Street
Status | Active |
---|---|
MLS # | 24-462775 |
Days on Market | 6 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 2025 |
Lot Size | 0.15 AC / 6,703 SF |
County | Los 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
Property History for 2703 West 79th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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.
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