Listed By:
Jorge Lopez with Nationwide Advisors, Inc.; 213-533-9944
Address
8416 Byrd Avenue, Inglewood, CA
Price
$ 949,901
Property Attributes
  • MLS#DW23108477
  • TypeMulti-Family
  • CountyLOS ANGELES
  • CityInglewood
  • AreaNorth Inglewood
  • Zip90305
  • StyleDuplex
  • Price$ 949,901
  • Bedrooms2
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage1406
  • Lot Size5,515 SqFt
Data Source:
California Regional MLS (CRMLS)
Property Description

NO SUBJECT-TO OR ASSUMABLE OFFERS! Amazing chance in the highly sought-after Morningside Park - Inglewood neighborhood! This property features two spacious units, perfectly situated on a wide, peaceful street just a few blocks away from Circle Park. The duplex comprises two 1-bedroom, 1-bathroom units, each with its own laundry room and separate utilities/meters. The backyard is large and there are two 1-car garages located at the rear that would be a great ADU opportunity to generate even more rental income! The location is incredibly convenient, being in close proximity to SoFi Stadium, the Forum, the proposed site for the Clippers Arena, and LAX. Additionally, the area is experiencing rapid development, with a new train/metro line connecting Inglewood to LAX, as well as numerous infrastructure investments in preparation for the 2028 Olympics. Exciting developments such as new shopping plazas, retail outlets, fine dining establishments, and entertainment venues are being established nearby. The units have been meticulously maintained, are move-in ready, and boast desirable features like dual pane windows, updated heating, newer A/C, and the possibility of refinished oak hardwood flooring beneath the carpet. This is an exceptional investment opportunity in an area that is continuously improving, leading to increased property values. Please respect the privacy of the tenants and refrain from disturbing them.

Price History
6/20/2023 Listed $995,000
8/8/2023 5% - $949,900

General Features

Sewer PublicSewer
Possession SeeRemarks
Zoning INR2YY
Garage Spaces 0.0
Pool Features None
Year Built 1941
Tenant Pays SeeRemarks
Stories 1
Levels One
Property SubType Duplex
Gross Income 50400.0
Community Features Curbs,Park,StormDrains
County Los Angeles
Net Operating Income 47908.0
Operating Expense 2492.0
Insurance Expense 1292.0
New Construction No
Property Type ResidentialIncome
HOA / Comm Assn No
Attached Garage No
Garage Y/N No
Special Listing Conditions Standard
Status Active
Directions Take I-405 N and I-110 N to W Manchester Ave in Los Angeles. Take exit 16 from I-110 N
City Inglewood
Entry Location street facing
View Y/N No
Senior Community Y/N No
Total Units 2
MLS Area 101 - North Inglewood
Lot Size Square Feet 5515.0
Private Pool No
Waterfront Y/N No
Carport Y/N No
Street Name Byrd
Property Attached Y/N Yes
Land Lease Y/N No
Home Warranty Y/N No
Trash Expense 600.0
Water Sewer Expense 600.0
Lease Renewal Y/N No
Additional Parcels Y/N No
Lease Considered Y/N No
Rent Control Y/N No
Days on Market 240
Building Area Units SquareFeet
Standard Status Active
Year Built Source PublicRecords
Tax Lot 189
Property Sub Type Additional Duplex
MobileHomeRemainsYN No

Interior Features

Total Stories 1
Common Walls Item1CommonWall,EndUnit,NoOneAbove,NoOneBelow
Basement (Y/N) No
Air Conditioning Y/N No
Heating Y/N No
Fireplace Y/N No
Street Suffix Avenue
Laundry Features WasherHookup,Inside
Entry Level 1
Electric On Property Y/N No

Exterior Features

Lot Features FrontYard,Lawn
Water Source Public
Total Parking 0.0
Lot Size Area 5515.0
Number of Buildings 1
Spa No
Building Area Total 1406.0
Lot Size Acres 0.1266
Lot Size Units SquareFeet
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 2
Number of Separate Electric Meters 2
Crops Included Y/N No
Open Parking Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 90305

Price
AVG $890K
$950K
Visits
AVG 101
151
Data Provided by Inside Real Estate®
Year Built
AVG 1947
1941