701 Walnut Street, Inglewood, CA 90301
- $1,199,000
- List Price
- $1,199,000
- Status
- COMING SOON
- MLS#
- SB26201524
- Year Built
- 1937
- Lot Size
- 9,663
- Acres
- 0.22
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 15
- Property Type
- Multifamily
- Property Sub Type
- Triplex
- Stories
- One Level
Property Description
Prime opportunity for investors looking to acquire a well-positioned income property in the heart of one of Los Angeles’ most active growth areas. This fully occupied triplex sits on a sizable lot in close proximity to SoFi Stadium and the new Clippers arena, offering both immediate rental income and exciting long-term possibilities. Each of the three units features a spacious 3-bedroom, 1-bathroom configuration with practical layouts and washer/dryer hookups. The property is currently occupied by established long-term tenants, and recent rental increases provide an attractive income profile for the next owner. Beyond the existing income stream, the generous lot may offer additional development potential, including the possibility of expanding to 6+ units, subject to buyer’s investigation and verification with the City and all applicable agencies. With convenient access to major entertainment destinations, transportation, employment centers, and substantial new development throughout the surrounding area, this property is well suited for investors seeking a combination of dependable occupancy, rental upside, and future development potential.
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Additional Information
- Pool Description
- None
- Heat
- See Remarks
- Cooling
- Yes
- Cooling Description
- See Remarks
- View
- None
- Garage Spaces Total
- 3
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 3
- Gross Scheduled Income
- $84,744
- Operating Expense
- 15530
Listing courtesy of Listing Agent: Bill Ruane (bill@billruane.net) from Listing Office: Estate Properties.
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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.