579 East Hyde Park Place

Inglewood, CA 90302

$1,800,000
Price
8
Beds
7
Baths
4,277 Sq. Ft.
$421 / Sq. Ft.
4,277
Sq. Ft.
$421
per Sq. Ft.

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.
  1. 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 Number
4014026024
Total Units
7.0
Living Area
4277
Source Living Area
Vendor Enhanced
Area
North Inglewood (101)
Vacancy Rate
0
Lot Size Area
8267
LISTING UPDATED: 12/21/2024 12:01 AM

Property Details for 579 East Hyde Park Place

StatusActive
MLS #24-472243
Days on Market9
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1962
Lot Size0.19 AC / 8,267 SF
CountyLos 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

Community / Development
Community / Development
  • Number Of Units: 7
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Standard
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $123,262
  • Net Operating Income: $78,804.00
  • Gross Income: $126,920
  • Cap Rate: 4.38%
  • Gross Rent Multiplier: $14.18
  • Actual Annual Gross Rent: $121,920.00
  • Laundry Income: $5,000
  • Actual Rent Total: $121,920.00
  • Vacancy Allow Percent: 3.00%
  • Owner Pays: Water, Gardener
  • Total Annual Expense: 44459
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1898
  • Lot Size Square Feet: 8267
Parking Details
Parking Details
  • Parking Garage: Carport Detached, Garage - 1 Car
  • Total Parking: 9
  • Covered Parking: 9
  • Open Other Spaces Total: 2
  • Parking Features: Detached Carport, Garage - Single Door
  • Attached Garage: No
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
  • Laundry: Room
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 12-13-2024
  • Tenant Pays: Electricity, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,550.00
  • Unit Actual Rent: $1,550.00
  • Unit Projected Rent: $2,450.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,435.00
  • Unit Actual Rent: $8,610.00
  • Unit Projected Rent: $12,000.00
  • Like Units: 6
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $84,568.00
  • Assessed Improvement Percent: 66.49
  • Assessed Land Value: $42,620.00
  • Assessed Land Percent: 33.51
  • Assessed Total Value: $127,188.00

Property History for 579 East Hyde Park Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

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

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579 East Hyde Park Place is a multi-family home for sale in Inglewood, CA 90302. This property was listed for sale on December 13, 2024 by Matthews Real Estate Investment Services, it's currently listed at $1,800,000. This listing's school district is Inglewood Unified School District. Nearby schools include Centinela Elementary School, Crozier (George W.) Middle School and Inglewood High School. 579 East Hyde Park Place is a 8-bed, 7-bath, 4,277 sqft multi-family home built in 1962.

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 Matthews Real Estate Investment Services, Nabil Awada, DRE #02046840

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.