MLS® ID: PW18054053
527 W Hyde Park Boulevard
Inglewood, California, 90302 $1,450,000
The offering consists of a 15,642-square foot lot zoned INR3YY, allowing for one unit per 1,100-square feet of land. There are plans in place to construct a 10-unit apartment building with four three-bedroom/two bath and six two-bedroom/one-bath units. An investor could build more than 10 units with bonus densities and variances (buyer to verify with the city, broker makes no warranties). 527 West Hyde Park Boulevard currently features a three-bedroom/two bath front house, a stand-alone two-bedroom/one-bath unit and a rear building with two two-bedroom/one-bath and two one-bedroom/one bath units.The property is located in Northwest Inglewood, the most desired neighborhood of the city, offering easy access to the 405 Freeway and a quick route to both Los Angeles and Long Beach. Additionally, the property is only two miles from The Forum and the Hollywood Park redevelopment site, which will be the $2.6 Billion home of the NF'Ls LA Rams and LA Chargers. Upon its completion, the sports complex is expected to be the worlds most expensive. With a highly desirable location in an area poised for rapid appreciation, 527 West Hyde Park Boulevard presents an excellent investment opportunity or redevelopment.