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881 Kincaid AVE Inglewood, CA 90302
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Key Details
Sold Price $1,015,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CRSR24056860
Sold Date 11/15/24
Style Traditional
Originating Board California Regional MLS
Year Built 1955
Lot Size 5,254 Sqft
Property Description
Calling all Savvy Investors & Handy Homeowners! This charming triplex in the desirable North Inglewood area offers the perfect blend of income potential, sweat equity, and built-in rent growth for the future-focused owner user buyer. Live comfortably in one spacious unit while collecting rent from the other two. Inglewood's rent control laws allow for annual increases of up to 10% for under market rented units, giving you a clear path to reaching market rent within 2-3 years, maximizing your income stream. The upside is yours. While the property boasts a solid foundation and well-maintained structure, there's room for cosmetic improvements to unlock its full potential. A large backyard for possible other opportunity, maybe additional structure. Channel your inner DIY spirit and personalize each unit, increasing overall value and future rent. Located on a cul-de-sac, minutes away from the 405 fwy, shopping, restaurants, LAX, SoFi Stadium, the Forum, the Westside and more. The owner user unit #1 will be delivered vacant.
Location
State CA
County Los Angeles
Area 101 - North Inglewood
Rooms
Kitchen Other, Exhaust Fan, Oven Range - Gas, Refrigerator
Interior
Heating Gas, Wall Furnace
Cooling Whole House / Attic Fan, Window / Wall Unit
Flooring Laminate
Laundry In Laundry Room, Laundry Area, Other, Washer, Washer/Dryer - Owned, Stacked Only, Dryer
Exterior
Garage Assigned Spaces, Garage, Other, Side By Side
Garage Spaces 6.0
Pool 31, None
View Local/Neighborhood
Roof Type Shingle
Building
Lot Description Corners Marked, Grade - Level, Paved
Foundation Raised
Water Hot Water, District - Public
Architectural Style Traditional
Others
Tax ID 4017015027
Special Listing Condition Not Applicable
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Bought with Shoshana Kliman