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We are proud to exclusively list for sale a rare, covered land play opportunity in NW Inglewood - the potential play is to rehab the existing 12 units and utilize SB1211 to add new ADUs. The large INR3 lot is over 33K SF and has 130 SF of frontage on N. Eucalyptus Ave. - which is a quiet residential street in Inglewood. The property is a short walk to the La Brea & Centinela intersection which has major retailers like Ralphs, Starbucks and 7-Eleven. Walk Score considers this property as Walker's Paradise. The existing property spans 6 structures totaling of 8,572 SF, spread out over the 12 existing units. The front and middle structures (four total) are one-story bungalow-style duplexes. The back two structures consist of two-story duplexes over tuck-under garages. Four units can potentially be delivered vacant, allowing your construction crew to get started right away with the rehab project! The property is in a dense area with over 42,000 residents in a one-mile radius, with an average household income close to $90,000 within that radius. Inglewood, being a smaller municipality surrounded by Los Angeles, is currently going through a renaissance, and will soon be connected by Light-Rail to the rest of the region, including LAX. The City of Inglewood has become a major hub for professional sports and entertainment since the opening of SoFi Stadium and the Intuit Dome, and the revamping of Kia Forum - all of these venues are a short drive from the property. The property also has easy access to the 405 freeway & LAX. Please refer to Offering Memorandum for Financial Information.
Property Type(s):
Residential Income
| Last Updated | 1/20/2025 | Year Built | 1946 |
|---|---|---|---|
| Community | North Inglewood | County | Los Angeles |
Additional Details
| AREA | North Inglewood |
|---|---|
| GARAGE | Concrete, Covered, Oversized, Uncovered |
| LOT | 0.75 acre(s) |
| LOT DIMENSIONS | 130x250 |
| PARKING | Concrete,Covered,Oversized,Uncovered |
| STORIES | 6 |
| STYLE | Other |
| ZONING | INR3 |
Location
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Listed with Keller Williams Beverly Hills
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