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579 Hyde Park Pl
For Sale $1,600,000 ($374.09 per Sq Ft)
$1,600,000 ($374.09 per Sq Ft)
- 7 Units
- 4,277 Sq Ft
- 8,267 Sq Ft
- Unknown Cap Rate
Description
We're proud to present 579 Hyde Park Place located in the highly desirable northwest Inglewood area. This 7-unit apartment building is an opportunity for an investor to own a value-add asset in a high demand rental market with tremendous growth potential in the City of Champions. On the market for the first time in over 50 years, the property features a total of 7-units comprised of a desirable mix of (1) two-bed/one-bath and (6) one-bed/one-bath units. Parking is at the rear of the property along with a separate laundry room. Units are individually metered for electricity and gas keeping utility costs relatively low. The current owners have spent $150k+ in major capex improvements. This includes new walkways, railing, and steps, and is SB721 compliant. Electrical systems have been fully re-done and upsized with new mains and subpanels. Plumbing, roof, and driveway were also re-done or upgraded. A buyer can capitalize on the tight rental market and rents in this neighborhood by implementing a strategic unit interior renovation plan, which will upgrade the units and allow the buyer to command top of the market rents. Average new lease rates in the neighborhood result in over 32% rental upside. Located a short drive away from the site of the SoFi Stadium and Entertainment District & recently completed Intuit Dome. The Intuit Dome is expected to generate around $260 million in economic activity for the city of Inglewood. The future looks bright for the city of Inglewood and this investment is an opportunity to own a piece of that growth. Current rents shown effective January 2026. Please reach out to LA for full marketing package.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,600,000 |
| Property Type | Multi-Family |
| Usable Sqft | 4,277 |
| Number of Stories | 2 stories |
| Parking Spots | 9 spots |
| Year Built | 1962 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 4014026024 |
| MLS # | 24472243 |
| Property ID | 293248605 |
| Lot Sqft | 8,267 |
| Zoning | INR3* |
| Total Units | 7 |
| Days on Market | 441 |
| Original List Price | $1,800,000 |
| Date Updated | November 07, 2025 |
| Date Created | December 13, 2024 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 2 | 1.00 | $1,674 | $2,450 |
| Unit #2 | 1 | 1.00 | $1,550 | $12,000 |
| Gross Income (Yr) | $ 132,737 |
| Operating Expenses | $ 43,086 |
| Net Income (Yr) | $ 89,651 |
| Cap Rate | 5.60% |
Listing Provided By
Nabil Awada an agent of . Lic #02046840
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Robert Crawford
REAL ESTATE AGENT