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2705 79th St 0.06 Acres of Residential Land Offered at $350,000 in Inglewood, CA 90305
INVESTMENT HIGHLIGHTS
- Flat, buildable duplex lot in high-rent area
- Should build to cost well below purchase price of comparable SFR or duplex in the area
- Ability to build to spec SFR or duplex, without scraping existing / paying to reno - lot is vacant and buildable
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER AC |
|---|---|---|
| Gross Rental Income |
$72,000
|
$1,168,831.17
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$72,000
|
$1,168,831.17
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$21,600
|
$350,649.35
|
| Net Operating Income |
$50,400
|
$818,181.82
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $72,000 |
| Annual Per AC | $1,168,831.17 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $72,000 |
| Annual Per AC | $1,168,831.17 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses | |
|---|---|
| Annual | $21,600 |
| Annual Per AC | $350,649.35 |
| Net Operating Income | |
|---|---|
| Annual | $50,400 |
| Annual Per AC | $818,181.82 |
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $350,000 | Lot Size | 0.06 AC |
| Price Per AC | $5,678,223.20 |
| Price | $350,000 |
| Price Per AC | $5,678,223.20 |
| Lot Size | 0.06 AC |
Flat Lot - Ready to Build 1-2 Units in Prime Inglewood location Ministerial approval, no hearings required No parking required Duplex option: 2x800 sqft units = 1,600 sqft (e.g., 2-story w/ 2 x 2bd/1ba units) SFR option: 1,600 sqft house
DESCRIPTION
Beautiful Inglewood location in an area filled with prime SFR homes near SoFi Stadium. First chance to build 2 units on a single lot in ~100 years. Great potential - developer can create two 800sqft units without any parking required, reducing build cost / maximizing use of sqft.
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Presented by
Yardsworth Inc.
2705 79th St
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