$1,200,000
3737 W 111th PL Inglewood, CA 90303
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$1,200,000
Est. payment /mo
7 BD
4 BA
3,057 SqFt
Active Under Contract
3737 W 111th PL Inglewood, CA 90303
UPDATED:
10/23/2024 10:20 PM
Key Details
Property Type Multi-Family
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 3,057 sqft
Price per Sqft $392
MLS Listing ID 24408097
Bedrooms 7
HOA Y/N No
Year Built 1960
Lot Size 0.259 Acres
Property Description
Welcome to 3737 W 111th Place ... a unique offering perfect for a wide range of clientele. This triplex is made up of three individual houses on an oversized 11,000+ sqft lot and offers two separate two car garages plus tons of yard space. For an owner-user you're looking at a dream 3bd/2ba house at an astonishing price tag of just $400,000 plus an additional two homes in the back which can house family members or be rented out for additional income. Getting any single family residence for less than $600,000 is almost unheard of 10 minutes from the beach so maybe grab two friends and go in on this one together for the deal of a lifetime at $400,000 per door! For the savvy investor this property features major upside potential of 54% in a rapidly gentrifying Inglewood market. You can either look to vacate tenants and fully redevelop four new units or renovate existing units, match market rents, and potentially add two ADUs. With a growing economy in the area and significant income growth prospects, this property is perfect for investors looking to expand their portfolio or a developer looking to capitalize on the large lot size. Conveniently placed near the 105 and 405 freeways gives owners or tenants easy access to downtown Los Angeles, LAX, or to the beautiful SoCal Beaches just 10 minutes away. Don't miss out on this opportunity, the buyer pool is just too large for this deal to last very long ... Give us a call today!
Location
State CA
County Los Angeles
Area 102 - South Inglewood
Zoning INR2YY
Interior
Heating Wall Furnace
Fireplace No
Exterior
Garage Door-Multi, Driveway, Garage
Garage Spaces 4.0
Garage Description 4.0
Parking Type Door-Multi, Driveway, Garage
Total Parking Spaces 7
Building
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 4033014005
Special Listing Condition Standard
Listed by John McCann • Lyon Stahl Investment Real Estate, Inc.
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