Open House: Sun, Oct 20th 1:00 PM - 3:00 PM PDT

Active

8412 Byrd Ave

Inglewood CA, 90305

$1,400,000


$457.22 per sqft

Active

5 Beds

5 Baths

3,062 sqft

Multi-family

Built in 1936

OPEN HOUSE 10/20 1-3 FOR APPROVED AND REGISTERED BUYERS ONLY! PUBLIC WILL NOT BE ALLOWED INSIDE. Attention Investors! This is your ideal opportunity for a 1031 exchange or to expand your growing portfolio with this beautifully remodeled duplex in the highly sought-after Morningside Park neighborhood. Only a stones throw from the vibrant Inglewood Industry home to Sofi Stadium, Intuit Dome, YouTube Theater, Kia Forum, the new Hollywood Park featuring retail shops, Cinepolis Luxury Cinemas, Casino, Public Parks, and a beautiful lake! Plus, you're only minutes from LAX. With these attractions so close, high tenant demand is guaranteed! But not too worry because this property is already a well oiled machine with both units fully occupied by reliable tenants paying market rents! It's ready to be the easiest addition to your portfolio. Completely restored over the last four years, it features new windows, copper plumbing, updated electrical, new HVAC system, new roof, drainage and new stamped concrete hardscape. Each unit is approximately 1,500SF+ and includes two spacious beds, 1.5 baths, and a flexible 3rd room ideal for an office, den, or gym! The living rooms offer large picture windows overlooking a tree-lined street, a fireplace and new flooring. Both the baths and kitchens boast designer tiles while the light filled kitchens are outfitted with luxury Samsung appliance set including dishwasher, refrigerator and range. Plus, a convenient side-by-side washer/dryer setup off each kitchen. Additionally there is a two year old gazebo and storage shed in the back. Located on a beautiful tree-lined street with majestic Chinese elms just off the coveted Circle Park, where residents enjoy scenic walks and outdoor workouts, this neighborhood and property's charm are hard to beat. The top unit is rented at $3000/month with 3 year term. *no dedicated parking but gas is included.* The downstairs unit has a long term tenant on a 3 year lease at $3,500/mo. This unit includes off street driveway parking. *Tenant pays gas and electric.* Combined, the units generate $78,000/year in gross revenue. PLUS THERE IS MORE! A bonus unit in back delivered fully vacant! Stunning 1bed, 1 bath unit with AC. Features include new flooring, new cabinetry, luxury appliances and a small island in the kitchen and a private outdoor patio. It has been rented for the last year at $2,200/month but has the ability to garner even more income, offering even more cash flow potential!

24-447961

MLS ID

October 8, 2024

Listed

October 16, 2024

Updated

Map

8412 Byrd Ave
Inglewood CA, 90305

Interior Features

Total Stories

0


Bedrooms

5


Total Bathrooms

5


Appliances

Dishwasher, Garbage Disposal, Refrigerator, Range/Oven, Microwave


Fireplace

No


Cooling

Yes


Cooling Description

Central, Wall Unit(s)


Heating

Yes


Heating Description

Wall, Central

Exterior/Building Features

Lot Size

0.13 Acres


Architectual Style

Spanish

Other Property Details

Area Name

North Inglewood


Days on Market

8


Garage

No


Parking

Driveway


Parking Total

0


View

No


County

Los Angeles


Pool

No


Zoning

INR2YY

Open House Schedule

Sun, Oct 20th

1:00 PM - 3:00 PM PDT

Exclusive Listing Agents

Listed by Gia Casty with Compass
Listing Contact: 310-824-3550 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor GIA CASTY | CA DRE# 01520830 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 10/16/2024

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