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535 W Olive, Inglewood, California 90301, Inglewood, 90301 - bed, bath

535 W Olive, Inglewood, California 90301 home-pic-0
ACTIVE$875,000
535 W Olive, Inglewood, California 90301
0Bed
0Bath
2,556Sqft
4,234Lot
Year Built
1924
Close
-
List price
$875K
Original List price
$940K
Price/Sqft
$342
HOA
-
Days on market
-
Sold On
-
MLS number
DW25265242
Home ConditionPoor
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $875.0K(43th), sqft - 2556(93th), beds - undefined(7th), baths - undefined(7th).

"WILL BE VACANT" - Fantastic income-producing opportunity in the heart of Inglewood! This duplex offers incredible potential with a spacious front home featuring 4 bedrooms and 3 bathrooms—a solid layout ready for your personal touch. While some areas are dated and in need of upgrades, the home provides a wonderful canvas to modernize and add value. Enjoy ceiling fans throughout, a covered patio (buyer to verify permits), and washer/dryer hookups conveniently located at the rear. The rear unit includes 1 bedroom and 1 bathroom, also offering great upside for improvements or immediate rental income. Located on a quiet residential street close to major freeways, SoFi Stadium, the Kia Forum, Intuit Dome, shopping, and dining. Whether you’re an investor or looking to live in one and rent the other, this property offers strong potential and flexibility. Bring your vision and unlock the possibilities with this promising Inglewood duplex!

Price History

Date
Event
Price
11/25/25
Price Change
$875,000
11/24/25
Listing
$940,000
08/27/99
Sold
$185,000
Condition Rating
Poor
Built in 1924, this property is explicitly described as having 'some areas are dated and in need of upgrades' and being a 'canvas to modernize and add value.' The images confirm this, showcasing severely outdated kitchens and bathrooms with original-style cabinetry, older laminate countertops, basic fixtures, and dated wall tiles. The flooring includes worn, dated red carpeting and older laminate/engineered wood. Major systems (electrical, plumbing, HVAC) are likely original or very old, given the property's age and lack of apparent recent renovation, indicating 'Age-Related System Concerns' as noted in the analysis. The property requires substantial repairs and rehabilitation to meet current living standards, aligning with the 'poor' condition criteria.
Pros & Cons

Pros

Income-Producing Duplex: This property is a duplex, offering dual income streams from two separate units (4 bed/3 bath front, 1 bed/1 bath rear), providing excellent rental potential or owner-occupancy flexibility.
Prime Inglewood Location: Strategically located on a quiet residential street, with close proximity to major freeways, SoFi Stadium, Kia Forum, Intuit Dome, shopping, and dining, enhancing its appeal and future appreciation.
Significant Value-Add Potential: Described as a 'canvas to modernize and add value' and 'ready for your personal touch,' the property offers substantial upside for investors or owner-occupants willing to undertake renovations.
Spacious Main Unit: The front unit boasts a generous layout with 4 bedrooms and 3 bathrooms, appealing to larger families or multiple tenants, maximizing rental income potential.
Vacant for Immediate Access: The property 'WILL BE VACANT,' allowing for immediate occupancy, renovation, or tenant placement without the complexities of existing leases or tenant relocation.

Cons

Extensive Renovation Required: The property is explicitly stated to have 'some areas are dated and in need of upgrades,' indicating a significant financial and time investment will be necessary for modernization.
Age-Related System Concerns: Built in 1924, the property's age suggests that major systems (plumbing, electrical, HVAC) may be original or outdated, potentially requiring costly repairs or full replacement.
Potential Unpermitted Structure: The description notes a 'covered patio (buyer to verify permits),' which could indicate an unpermitted addition that may lead to compliance issues or require costly remediation.

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