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Listed by Bill Ruane, DRE #00972400 • Estate Properties
$ 1,199,000
Est. payment /mo
New
701 Walnut ST Inglewood, CA 90301
9,663 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB26201524
Year Built 1937
Lot Size 9,663 Sqft
Property Sub-Type Triplex
Source California Regional MLS
Property Description
Prime opportunity for investors looking to acquire a well-positioned income property in the heart of one of Los Angeles' most active growth areas. This fully occupied triplex sits on a sizable lot in close proximity to SoFi Stadium and the new Clippers arena, offering both immediate rental income and exciting long-term possibilities. Each of the three units features a spacious 3-bedroom, 1-bathroom configuration with practical layouts and washer/dryer hookups. The property is currently occupied by established long-term tenants, and recent rental increases provide an attractive income profile for the next owner. Beyond the existing income stream, the generous lot may offer additional development potential, including the possibility of expanding to 6+ units, subject to buyer's investigation and verification with the City and all applicable agencies. With convenient access to major entertainment destinations, transportation, employment centers, and substantial new development throughout the surrounding area, this property is well suited for investors seeking a combination of dependable occupancy, rental upside, and future development potential.
Location
State CA
County Los Angeles
Area 101 - North Inglewood
Interior
Heating Other
Cooling Other
Laundry Other
Exterior
Parking Features Other
Garage Spaces 3.0
Pool 31, None
View None
Building
Story One Story
Water District - Public
Others
Tax ID 4022025001
Special Listing Condition Not Applicable
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