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509 E Hyde Park Place

Inglewood, CA 90302

$1,995,000

| 3,318 sq. ft.

Status: Active Area: 101 - North Inglewood
Year Built: 1948 MLS#: 25522925

Description

Excellent Location! Close Proximity to SoFi Stadium, Intuit Dome, Kia Forum, Hollywood Park casino, shopping and restaurant complex and LAX. Great opportunity to invest in an ever-expanding and developing area that has become a highly sort-after location for renters/investors/developers. Property features 2 Buildings, 9 Units and 11 Parking Spaces. 100% Occupied. Recent upgrades: New roof on building #1, painting of all exteriors, new entry gate motor, newer electrical meter, copper plumbing, new water heater. Some Units have private patios. All Units have AC Wall Units. Property has Onsite Laundry. Inglewood has emerged as one of Southern California's most dynamic real estate markets, driven by major developments and a surge in demand. With its strategic location near downtown Los Angeles and the South Bay, Inglewood offers strong investment potential and a growing community appeal. Key economic drivers such as the SoFi Stadium, home to the LA Rams and Chargers, has transformed the area into a major entertainment and sports hub. Adjacent to it, Hollywood Park is a 300-acre mixed-use development featuring retail, office space, residences, and green spaces. The Forum, a legendary concert venue, continues to attract top-tier events, further solidifying Inglewood's status as a cultural destination. Additionally, Los Angeles International Airport (LAX), one of the busiest airports in the world, provides significant employment opportunities, fueling local housing demand. With a strong job market, ongoing development, and increasing property values, Inglewood presents a prime opportunity for apartment building owner and investors.

Features

    Appliances: Microwave, Refrigerator, Oven, Gas Oven
    Fireplace Rooms: Gas, Kitchen
    Heating: Central
    Cooling: N/A
    Structure Type: Contemporary
    Association Amenities: Trash
    Pool Descriptions: None
    Price/sqft: $601
    Parking Spaces: 11
    Total Floors: 1

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