Closed – Fourplex in Inglewood
Brett Lyon and Woody Stahl are proud to have closed 318 E Hazel St, a 4-unit apartment building located in the best part of Inglewood!
This property sold for $1,115,000
This 3,534 sq. ft. building was built in 1939 and is situated on a massive 12,102 sq. ft. lot. The property boasts a unit mix of one (1) 2-bed/1-bath front house and three (3) 1- bed/1-bath units. The building also features a large driveway that could fit up to four cars and a spacious yard. Given the upside in market rent potential of the property (over 40% increase in GSI) and prime location, this property is a great opportunity for any investor.
• 3,534 SF Building Situated on a Massive 12,102 SF Lot | Built in 1939
• Unit Mix – (1) 2-Bed/1-Bath House & (3) 1- Bed/1-Bath Units
• Features a Large Driveway (Fits 4 Cars), a Spacious Yard, & On-site Laundry Room
• Huge Upside in Market Rent Potential (40%+ Increase in GSI)
• Prime Location – Less Than One Mile From the New Hollywood Park Stadium Development & Future NFL Stadium
Inglewood is a city in the South Bay region of Los Angeles that is bordered by Westchester/LAX, Hawthorne, and Ladera Heights. Spanning 8 square
miles with a population of 109,670, Inglewood has emerged as one of the hottest real estate markets in Southern California. Real estate values have increased 10.1% over the past year and the median price of homes currently listed in Inglewood is $480,000.
Inglewood is also home to the illustrious Forum, which was designed by architect Charles Luckman, who also designed Madison Square Garden in New York. For decades, the Forum was one LA’s most prominent concert venues, hosting the likes of Elvis Presley, Led Zeppelin, and the Jackson 5. It was also home to the Los Angeles Lakers before the team moved to the Staples Center in 1999. The Forum is now the largest indoor performance
venue in the country with a design focused on music and entertainment.
The Los Angeles Stadium at Hollywood Park is under construction in Inglewood and when completed in 2020, it will be the home of both the Los Angeles Rams and Los Angeles Chargers. The Los Angeles Stadium is also expected to host the Super Bowl in 2021 and the 2028 Summer Olympics.
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