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$1,199,000

FOR SALE
Active

701 Walnut Street

Inglewood, CA

MLS# SB26201524

Triplex
56 days on marketNalren refreshed

Listing Agent

Bill Ruane

Listing Agent

Estate Properties

DRE #: 00972400

(310) 877-2374

Brokerage: Estate Properties

Property Details

N/A

Bedrooms

N/A

Bathrooms

N/A

Square Feet

1937

Year Built

0.22 acres

Lot Size

N/A

Price/Sq Ft

3

Garage Spaces

N/A

HOA

Triplex

Property Type

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.

Facts & Features

Interior

Laundry Features
In-Unit Laundry, See Remarks

Exterior

Private Pool
No
Lot Features
0–1 Acre Lot

Building

Year Built
1937
Building Area Total
2,775
Levels
One
Stories Total
1

Utilities

Heating
See Remarks
Cooling
See Remarks
Sewer
Public Sewer
Water Source
Public

Parking

Garage Spaces
3
Parking Features
Driveway, See Remarks
Parking Total
3

Community / HOA

HOA
No
Association Fee
$0

Sale history for 701 Walnut Street

  • Sold $1,025,000 in June 2023 · MLS #SB23050967 · Source: CRMLS

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