8412 Byrd Avenue South

Inglewood, CA 90305

$1,400,000
Price
5
Beds
5
Baths
3,062 Sq. Ft.
$457 / Sq. Ft.
3,062
Sq. Ft.
$457
per Sq. Ft.

Description

Attention Investors! This is your ideal opportunity for a 1031 exchange or to expand your growing portfolio with this beautifully remodeled duplex in the highly sought-after Morningside Park neighborhood. Only a stones throw from the vibrant Inglewood Industry home to Sofi Stadium, Intuit Dome, YouTube Theater, Kia Forum, the new Hollywood Park featuring retail shops, Cinepolis Luxury Cinemas, Casino, Public Parks, and a beautiful lake! Plus, you're only minutes from LAX. With these attractions so...Attention Investors! This is your ideal opportunity for a 1031 exchange or to expand your growing portfolio with this beautifully remodeled duplex in the highly sought-after Morningside Park neighborhood. Only a stones throw from the vibrant Inglewood Industry home to Sofi Stadium, Intuit Dome, YouTube Theater, Kia Forum, the new Hollywood Park featuring retail shops, Cinepolis Luxury Cinemas, Casino, Public Parks, and a beautiful lake! Plus, you're only minutes from LAX. With these attractions so close, high tenant demand is guaranteed! But not too worry because this property is already a well oiled machine with both units fully occupied by reliable tenants paying market rents! It's ready to be the easiest addition to your portfolio. Completely restored over the last four years, it features new windows, copper plumbing, updated electrical, new HVAC system, new roof, drainage and new stamped concrete hardscape. Each unit is approximately 1,500SF+ and includes two spacious beds, 1.5 baths, and a flexible 3rd room ideal for an office, den, or gym! The living rooms offer large picture windows overlooking a tree-lined street, a fireplace and new flooring. Both the baths and kitchens boast designer tiles while the light filled kitchens are outfitted with luxury Samsung appliance set including dishwasher, refrigerator and range. Plus, a convenient side-by-side washer/dryer setup off each kitchen. Additionally there is a two year old gazebo and storage shed in the back. Located on a beautiful tree-lined street with majestic Chinese elms just off the coveted Circle Park, where residents enjoy scenic walks and outdoor workouts, this neighborhood and property's charm are hard to beat. The top unit is rented at $3000/month with 3 year term. *no dedicated parking but gas is included.* The downstairs unit has a long term tenant on a 3 year lease at $3,500/mo. This unit includes off street driveway parking. *Tenant pays gas and electric.* Combined, the units generate $78,000/year in gross revenue. PLUS THERE IS MORE! A bonus unit in back delivered fully vacant! Stunning 1bed, 1 bath unit with AC. Features include new flooring, new cabinetry, luxury appliances and a small island in the kitchen and a private outdoor patio. It has been rented for the last year at $2,200/month but has the ability to garner even more income, offering even more cash flow potential!

Listing Agent

  1. Gia Casty

    Gia Casty

    Listing Agent

    Compass

    DRE #01520830

    gia@compass.com

    P: (310)-824-3550

Property Details for 8412 Byrd Avenue South

Zoning
INR2YY
Style
Spanish
Parcel Number
4010031018
Total Units
2.0
Living Area
3062
Source Living Area
Vendor Enhanced
Area
North Inglewood (101)
Vacancy Rate
none
LISTING UPDATED: 10/28/2024 01:51 PM

Property Details for 8412 Byrd Avenue South

StatusActive
MLS #24-447961
Days on Market45
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1936
Lot Size0.13 AC / 5,498 SF
CountyLos Angeles County

Building Information for 8412 Byrd Avenue South

Stories-Residences-Year Built1936Building Size-Lot Size0.13 AC / 5,498 SF

Property Information for 8412 Byrd Avenue South

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: 3
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $104,400
  • Net Operating Income: $98,400.00
  • Gross Income: $26,400
  • Gross Rent Multiplier: $13.40
  • Actual Annual Gross Rent: $78,000.00
  • Garage Income: $2,100
  • Total Annual Expense: 6000
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1262
  • Lot Size Square Feet: 5498
Parking Details
Parking Details
  • Parking Garage: Driveway
  • Total Parking: 0
  • Parking Features: Driveway
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Central Air
  • Cooling Type: Central, Wall Unit(s)
  • Heating: Wall Furnace, Central
  • Heating Type: Wall, Central
  • Equipment: Dishwasher, Garbage Disposal, Refrigerator, Range/Oven, Microwave
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-08-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,500.00
  • Unit Actual Rent: $3,500.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,000.00
  • Unit Actual Rent: $3,000.00
  • 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: $468,180.00
  • Assessed Improvement Percent: 41.94
  • Assessed Land Value: $648,169.00
  • Assessed Land Percent: 58.06
  • Assessed Total Value: $1,116,349.00

Property History for 8412 Byrd Avenue South

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 8412 Byrd Avenue South

Taxable ValueLand$661,132Additions$477,543Total$1,138,675
Tax Record2024$14,796 ($1,233 / month)
Home Facts
Total Finished SqFt3,062 SqFtAbove Grade Finished SqFt3,062 SqFtLot Size5,498 SqFtStyleDuplexYear Built1936ZoningINR2YYCountyLOS ANGELESAPN4010-031-018

Schools near 8412 Byrd Avenue South

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

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8412 Byrd Avenue South is a multi-family home for sale in Inglewood, CA 90305. This property was listed for sale on October 8, 2024 by Compass, it's currently listed at $1,400,000. It has been on the market for a total of 45 days and was last sold on July 16, 2020. 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. 8412 Byrd Avenue South is a 5-bed, 5-bath, 3,062 sqft multi-family home built in 1936.

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 Compass, Gia Casty, DRE #01520830

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.