725 S Osage Avenue, Inglewood, CA 90301
- $1,555,000
- Sold Price
- $1,555,000
- List Price
- $1,632,000
- Closing Date
- Oct 03, 2023
- Status
- CLOSED
- MLS#
- SB23123976
- Year Built
- 1923
- Lot Size
- 10,588
- Acres
- 0.24
- Lot Location
- Corner Lot
- Days on Market
- 21
- Property Type
- Multifamily
- Property Sub Type
- Mixed Use
Property Description
We are pleased to present 725 S Osage Ave, Inglewood. This property is improved by 5 units all single-story on a large 10,588 SF corner lot. Located one block from the $5.5 Billion SoFi Stadium & Hollywood Park and four blocks to The Forum, this site presents an excellent opportunity to redevelop or build ADU's. Based on the lot size and R3 zoning, a developer could build 7 units by right or 9 units with the allowable 20% density bonus. The property has a desirable layout with a duplex in the front and three detached bungalow style units in the rear, consisting of (2) 2-bed/1-bath and (3) 1-bed/1-bath units. Given the unbeatable Inglewood location, rental upside, and development potential, this is an ideal opportunity for both value-add investors and builders in one of the fastest growing rental submarkets in the country.
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Additional Information
- Pool Description
- None
- Garage Spaces Total
- 2
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 5
- Gross Scheduled Income
- $129,600
- Operating Expense
- 36235
Listing courtesy of Listing Agent: Larson Harley (larson@lyonstahl.com) from Listing Office: Lyon Stahl Investment Real Estate, Inc..
Listing sold by Larson Harley from Lyon Stahl Investment Real Estate, Inc.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.