725 S Osage Ave, Inglewood, CA 90301

725 S Osage Ave, Inglewood, CA 90301

Inglewood, CA
$1,555,000

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.

Property Features

  • Sale Price: $1,555,000
  • Area Size: 3,379 Sq. Ft.
  • Land Area: 10,588 Sq. Ft.
  • Year Built: 1923
  • Listing Date: 7/11/2023
  • Closing Date: 10/2/2023
  • Units: 5
  • Current GRM: 17.11
  • Current Cap Rate: 3.50%
  • Price Per Unit: $326,400
  • Market GRM: 12.77
  • Market Cap Rate: 5.39%
  • Current NOI: $57,131

Lyon Stahl Investment Real Estate

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