2703 W 79Th Street

Inglewood, CA 90305

$799,000

List Price

2

bed Beds

2

shower Baths

1,600 sqft

straighten / sqft

2025

calendar_month Built

Property 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 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.

Listing Information

List Price $799,000
Status Active
MLS 24462775
Type Residential Income
Year Built 2025
Lot Size 6,703
Structure Size 1,600
DOM 2
Courtesy Of Keller Williams Realty Los Feliz
Listing Agent Michael Maloney DRE#01487461

Interior Features

Total Bedroom
Bedrooms 2
Total Bathroom
Bathrooms 2
Cooling Type
Cooling Type Central Air

Exterior Information

Maps

Listing information courtesy of: Michael Maloney, Keller Williams Realty Los Feliz 323-842-9687. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 14th, 2024 at 11:42 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.