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Millman Team Real Estate

$799,000
2 Bed
2 Bath
1,600 Sqft
0.15 Acre Lot

2703 W 79th Street, Inglewood, California 90305

  • Residential Income Property Type
  • 1,600 Sqft Square Footage
  • None Cars Garage
  • 2025 Year Built
Property Description

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.

Basic Details
Residential Income
For Sale
24462775
$799,000
2
2
1,600 Sqft
2025
0.15 Acre
Active
1
Features
: Central
: Central Air
: None
: Contemporary
$0
Address Map
CA
Los Angeles
Inglewood
90305
79th
2703
Street
W119° 40' 36.1''
N33° 58' 3.1''
110 to Manchester, to Van Nuys to 79th
101 - North Inglewood
W
INR1YY
Additional Information
$0
$0
$0
$0
$0
1600
: Two
: Back Yard
50x134
2
2024-11-12
2
1
Broker/Agent Information
Keller Williams Realty Los Feliz
Michael Maloney
Listing Information
CLW-X69514
CLW-X74016
Active
2024-12-05T05:18:44Z
CRMLS
: Standard
2024-11-12T00:00:00Z
Agent info
Ray Millman
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