New Listing – Exciting Development Opportunity in Inglewood
Brett Lyon and Nico Rosmarin of Lyon | Stahl Investment Real Estate are pleased to present 527 W Hyde Park Blvd, an exciting development opportunity located in Inglewood!
This property is offered at $1,850,000
This unique opportunity is ideally located just east of the 405 Freeway, offering a convenient route to Los Angeles’s Westside, Downtown Los Angeles, Long Beach and LAX.
527 W Hyde Park currently consists of six (6) units situated on a large 15,643 SF lot. Seller has confirmed that the property will be delivered fully entitled to build twenty-one (21) new apartment units. The future development site is entitled to build eleven (11) three-bedroom/two-bathroom units and ten (10) two-bedroom/one-bathroom units. Three of the units will be allocated to affordable housing, while the remaining units will be rented at market rates.
• 6-Unit Property Situated on Large 15,643 SF Lot
• Huge Development Opportunity – Will Be Delivered Fully Entitled to Build 21 Units
• Entitlement Will Allow For 11 3-Bed/2-Bath Units & 10 2-Bed/1-Bath Units (3 Affordable Housing Units)
•Prime Location – Just East of the 405 FWY Offering Convenient Access to LA’s Westside, Downtown LA, LAX, & Long Beach
• 10-Minute Drive From the New Hollywood Park Stadium Development & Metro Station
* Buyer to verify all information including but not limited to entitlement documentation
The City of Inglewood is currently experiencing an enormous revitalization, bringing the new Hollywood Park Redevelopment, slated to be the world’s most expensive sports stadium. In addition to the stadium, the development will bring 3,000 new housing units, a luxury hotel and approximately 620,000 SF of new retail. Along with the Hollywood Park Redevelopment, the Los Angeles Clippers are in negotiations to build their new stadium just south of Hollywood Park. With all the new development occurring in Inglewood and the rapidly changing demographics of the city, 527 West Hyde Park Boulevard offers an astute investor the opportunity to capitalize on the swiftly appreciating submarket and realize a tremendous return on their investment.
To learn more about this property:
•Download the marketing package here
•View the listing here
• Contact Nico Rosmarin at Nico@lyonstahl.com – (424) 226-9449
• or Brett Lyon at Brett@lyonstahl.com – (310) 880-5328