527 W Hyde Park Blvd, Inglewood, CA 90302

527 W Hyde Park Blvd, Inglewood, CA 90302

Inglewood, CA

Property Description

Brett Lyon and Nico Rosmarin of Lyon Stahl Investment Real Estate are pleased to present 527 West Hyde Park Boulevard, an exciting development opportunity located in Inglewood. 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.

Investment Highlights:
• 6-Unit Property Situated on Large 15,643 SF Lot<strong>
• Huge Development Opportunity – Will Be Delivered Fully Entitled to Build 21 Units<strong>
• Entitlement Will Allow For 11 3-Bed/2-Bath Units &amp; 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, &amp; Long Beach<strong>
• 10-Minute Drive From the New Hollywood Park Stadium Development &amp; Metro Station

* Buyer to verify all information including but not limited to entitlement documentation

Property Features

  • Sale Price: $1,795,000
  • Area Size: 4,581 SF
  • Land Area: 15,643 SF
  • Year Built: 1948
  • Closing Date: 07/27/21
  • Units: 6
  • Price Per Unit: $475,000
  • Market GRM: 13.34
  • Market Cap Rate: 5.23%