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539 Hyde Park PL Inglewood, CA 90302
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Key Details
Sold Price $1,150,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB18248244
Sold Date 12/13/18
HOA Y/N No
Year Built 1963
Lot Size 5,998 Sqft
Property Description
539 Hyde Park Pl is a value-add 5-unit apartment in Inglewood, CA. This 4,230 SF building is situated on just under 6,000 SF of land and boasts a unit mix of one (1) 3-bed/2.5 -bath, one (1) 2-bed/1-bath, two (2) 1-bed/1-bath, and one (1) studio. Sold "as is" and will not qualify for conventional financing. Offered at only $250,000 a door ($295.51 PSF), this property has a lot of upside potential to operate at a pro forma 5.36% CAP and a GRM of 11.64. The property also features a gated parking area with 8 garages, along with an abundance of street parking. 539 Hyde Park Pl. is centrally located near schools, restaurants, and retailers, while also being in close proximity to the Forum, LAX, and future Hollywood Park Stadium. Given its great location and value-add potential, this property is a great opportunity for any investor looking to capitalize on prime Inglewood real estate!
Loan Quote:
- 65% to 70% LTC for purchase or rehab
- 9.25% interest rate
- 2 points
- $1,500 lender fee
- Interest only payments
- 1-year term with no prepayment penalty
- Non-recourse
Location
State CA
County Los Angeles
Area 101 - North Inglewood
Zoning INR3*
Interior
Fireplace No
Laundry None
Exterior
Garage Spaces 8.0
Garage Description 8.0
Pool None
Community Features Curbs, Gutter(s), Storm Drain(s), Street Lights, Sidewalks
Total Parking Spaces 8
Private Pool No
Building
Lot Description Front Yard, Lawn, Paved
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 4014027030
Energy Description 1000.0
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with Michael Fisher • Lyon Stahl Investment Real Estate, Inc.