Unique opportunity to build 1-2 units (by-right - fully entitled) in hot Morningside area of Inglewood. Invest in this booming area alongside billions of dollars of new development activity - SOFI Stadium, Intuit Dome, and the Kia Forum. Vacant lot entitled for either a single-family home… Read More (SFR) + and ADU or two-unit duplex (allows 2x800sqft units) 800 sq. ft projected to rent for up to $3,500, implying duplex rents of up to $7,000 per month. No off-street parking required, and no CEQA EIA or hearings required (ministerial approvals) Lots of upside potential, and a great opportunity to earn an outsized return. Build 2 x 800 sq ft duplex (1,600 sq. ft total) for ~$450k all-in, bringing total build (hard costs and soft costs) + land to $800,000 (we can refer you to a prefab builder ready to go at these prices). Imagine - a brand new construction duplex getting $6,000/month in rent for just $800,000 (that's about a 6.75% CAP rate!) - or flip it post-construction for $1.1mm+ Ask us how! Buyer to verify all claims regarding development ability, future values, and income potential. Read Less
Property listed by Keller Williams Realty Los Feliz, Michael Maloney 323-300-1000
Listing Snapshot
Days Online
91
Last Updated
Property Type
Other
Beds
2
Square Ft.
1,600
Lot Size
0.15 Acres
Year Built
2025
MLS Number
24462775
30 Days Snapshot Of 90305
$738k
-21%
(avg) sold price
3
-62%
homes sold
55
-31%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 2025, Building area total: 1,600, Levels: Two, Living area: 1600, 2 stories, 1 building, Architectural style: Contemporary
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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