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Unique opportunity to build 1-2 units (by-right - fully entitled) in hot Morningside area of Inglewood. 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.
Property Type(s):
Residential Income
| Last Updated | 11/21/2024 | Year Built | 2025 |
|---|---|---|---|
| Community | North Inglewood | County | Los Angeles |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | North Inglewood |
| GARAGE | None |
| HEAT | Central |
| LOT | 6703 sq ft |
| LOT DESCRIPTION | Back Yard |
| LOT DIMENSIONS | 50x134 |
| PARKING | None |
| STORIES | 2 |
| STYLE | Contemporary |
| ZONING | INR1YY |
Location
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Listed with Keller Williams Realty Los Feliz
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