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701 Walnut St, Inglewood, CA, 90301

9beds
3baths
2,775sqft
$1,249,000
$450price/sqft
$8,483/moest. monthly cost
$339,320/yrincome needed

About This Home

Excellent investment opportunity located less than 2 miles from SoFi Stadium and the new Los Angeles Clippers Arena. Situated on a generous lot, the property offers potential for future redevelopment of 6+ units (buyer to verify with the city). The property currently consists of a well-maintained triplex, with each unit configured as 3 bedrooms and 1 bathroom. Rents have been recently raised, and the units are occupied by long-term tenants with a history of timely rent payments. Each unit includes washer and dryer hookups and functional, flexible layouts. Conveniently located near major sports venues, transit, and ongoing area development, this property presents a solid opportunity for investors seeking stable income with future upside potential in a growing Los Angeles market.

Getting Around

84
WalkingVery Walkable
52
TransitGood Transit
60
BikeBikeable

Schools

3/10
Morningside High SchoolGrades 9-121.6 mi

Construction

Condition

  • Year built: 1937

Type & Style

  • Home type: MultiFamily
  • Property subType: Triplex

Interior

Appliances

  • Laundry features: Washer Hookup,Electric Dryer Hookup,Gas Dryer Hookup,Inside

Bedroom

  • Features: All Bedrooms Down

Bedrooms & Bathrooms

  • Bedrooms: 9
  • Bathrooms: 3

Features

  • All Bedrooms Down
  • Common walls with other units/homes: No Common Walls

Heating

  • Heating features: Forced Air

Interior Area

  • Total structure area: 2,775
  • Total interior livable area: 2,775 sqft

Property

Details

  • Parcel number: 4022025001
  • Zoning: INR3YY
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Entry location: Front
  • Pool features: None

Lot

  • Lot size: 9,663 sqft
  • Features: Street Level

Parking

  • Total spaces: 3
  • Parking features: Garage
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3