579 East Hyde Park Place
$1,800,000
8
7
4,277
4,277
$421
Description
We're proud to present 579 Hyde Park Place located in the highly desirable northwest Inglewood area. This 7-unit apartment building is an opportunity for an investor to own a value-add asset in a high demand rental market with tremendous growth potential in the City of Champions. On the market for the first time in over 50 years, the property features a total of 7-units comprised of a desirable mix of (1) two-bed/one-bath and (6) one-bed/one-bath units. Parking is at the rear of the property along...We're proud to present 579 Hyde Park Place located in the highly desirable northwest Inglewood area. This 7-unit apartment building is an opportunity for an investor to own a value-add asset in a high demand rental market with tremendous growth potential in the City of Champions. On the market for the first time in over 50 years, the property features a total of 7-units comprised of a desirable mix of (1) two-bed/one-bath and (6) one-bed/one-bath units. Parking is at the rear of the property along with a separate laundry room. Units are individually metered for electricity and gas keeping utility costs relatively low. A buyer can capitalize on the tight rental market and rents in this neighborhood by implementing a strategic unit interior renovation plan, which will upgrade the units and allow the buyer to command top of the market rents. Average new lease rates in the neighborhood result in over 42% upside. Located a short drive away from the site of the SoFi Stadium and Entertainment District & recently completed Intuit Dome. The Intuit Dome is expected to generate around $260 million in economic activity for the city of Inglewood. The future is looking bright for the city of Inglewood and this investment is an opportunity to own a piece of that growth. Please reach out to LA for full marketing package.
- Listed by Nabil Awada • DRE #02046840 • Brokerage DRE #01469842 • Matthews Real Estate Investment Services
Property Details for 579 East Hyde Park Place
Zoning
INR3*
Parcel Number4014026024
Total Units7.0
Living Area4277
Source Living AreaVendor Enhanced
AreaNorth Inglewood (101)
Vacancy Rate0
Lot Size Area8267
LISTING UPDATED: 12/21/2024 12:01 AM
Property Details for 579 East Hyde Park Place
Status | Active |
---|---|
MLS # | 24-472243 |
Days on Market | 9 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1962 |
Lot Size | 0.19 AC / 8,267 SF |
County | Los Angeles County |
Building Information for 579 East Hyde Park Place
Stories2Residences-Year Built1962Building Size-Lot Size0.19 AC / 8,267 SF
Property Information for 579 East Hyde Park Place
Property History for 579 East Hyde Park Place
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 579 East Hyde Park Place
Taxable ValueLand$43,472Additions$86,259Total$129,731
Tax Record2024$3,407 ($284 / month)
Home Facts
Total Finished SqFt4,277 SqFtAbove Grade Finished SqFt4,277 SqFtLot Size8,264 SqFtStyleMulti-Family Res (5+ Units)Year Built1962ZoningINR3*CountyLOS ANGELESAPN4014-026-024
Schools near 579 East Hyde Park Place
This home is within Inglewood Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 8 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 | |||
Charter - | 6 to 8 |
Rating | School | Distance |
---|---|---|
Centinela Elementary School PublicK to 8 | ||
Crozier (George W.) Middle School Public7 to 8 | ||
Inglewood High School Public9 to 12 | ||
Wilder's Preparatory Academy Charter Middle Charter6 to 8 |
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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