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881 Kincaid Avenue Inglewood, CA 90302
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Key Details
Property Type Condo
Listing Status Sold
Purchase Type For Sale
Square Footage 1,950 sqft
Price per Sqft $520
MLS Listing ID SR24056388
Sold Date 11/15/24
Style All Other Attached
Bedrooms 3
Full Baths 3
HOA Y/N No
Year Built 1955
Lot Size 5,254 Sqft
Acres 0.1206
Property Description
Calling all Savvy Investors & Handy Homeowners! This charming triplex in the desirable North Inglewood area offers the perfect blend of income potential, sweat equity, and built-in rent growth for the future-focused owner user buyer. Live comfortably in one spacious unit while collecting rent from the other two. Inglewoods rent control laws allow for annual increases of up to 10% for under market rented units, giving you a clear path to reaching market rent within 2-3 years, maximizing your income stream. The upside is yours. While the property boasts a solid foundation and well-maintained structure, there's room for cosmetic improvements to unlock its full potential. A large backyard for possible other opportunity, maybe additional structure. Channel your inner DIY spirit and personalize each unit, increasing overall value and future rent. Located on a cul-de-sac, minutes away from the 405 fwy, shopping, restaurants, LAX, SoFi Stadium, the Forum, the Westside and more. The owner user unit #1 will be delivered vacant.
Calling all Savvy Investors & Handy Homeowners! This charming triplex in the desirable North Inglewood area offers the perfect blend of income potential, sweat equity, and built-in rent growth for the future-focused owner user buyer. Live comfortably in one spacious unit while collecting rent from the other two. Inglewoods rent control laws allow for annual increases of up to 10% for under market rented units, giving you a clear path to reaching market rent within 2-3 years, maximizing your income stream. The upside is yours. While the property boasts a solid foundation and well-maintained structure, there's room for cosmetic improvements to unlock its full potential. A large backyard for possible other opportunity, maybe additional structure. Channel your inner DIY spirit and personalize each unit, increasing overall value and future rent. Located on a cul-de-sac, minutes away from the 405 fwy, shopping, restaurants, LAX, SoFi Stadium, the Forum, the Westside and more. The owner user unit #1 will be delivered vacant.
Location
State CA
County Los Angeles
Area Inglewood (90302)
Zoning INR3YY
Interior
Interior Features Copper Plumbing Partial, Unfurnished
Heating Natural Gas
Cooling Wall/Window, Whole House Fan
Flooring Carpet, Laminate
Equipment Disposal, Refrigerator, Vented Exhaust Fan, Gas Range
Appliance Disposal, Refrigerator, Vented Exhaust Fan, Gas Range
Laundry Community, Closet Stacked, Laundry Room
Exterior
Exterior Feature Stucco, Concrete
Parking Features Assigned, Garage, Garage - Three Door
Garage Spaces 3.0
Fence Wrought Iron
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
View Courtyard
Roof Type Composition,Shingle
Total Parking Spaces 6
Building
Lot Description Cul-De-Sac, Curbs, Sidewalks, Sprinklers In Front, Sprinklers In Rear
Story 2
Lot Size Range 4000-7499 SF
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories 2 Story
Others
Monthly Total Fees $57
Acceptable Financing Cash To New Loan
Listing Terms Cash To New Loan
Special Listing Condition Standard
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Bought with Keller Williams Realty-Studio City
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