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537 W Olive Street, Inglewood, California 90301, Inglewood, 90301 - bed, bath

537 W Olive Street, Inglewood, California 90301 home-pic-0
ACTIVE$890,000
537 W Olive Street, Inglewood, California 90301
0Bed
0Bath
2,556Sqft
4,234Lot
Year Built
1924
Close
-
List price
$890K
Original List price
$890K
Price/Sqft
$348
HOA
-
Days on market
-
Sold On
-
MLS number
SB25065768
Home ConditionFair
Features
View-

About this home

We found 2 Cons,3 Pros. Rank: price - $890.0K(25th), sqft - 2556(50th), beds - undefined(50th), baths - undefined(50th).

Bring your clients to this perfect opportunity to live in the front 3bed/2.5baths Single Family Home and collect income from the 1bed/1bath ADU in rear. Front House is two-story with tons of potential. First Story consists of a kitchen, laundry room, living room, and 2 bedrooms. Second Story consists of a second living room area and master bedroom. Detached 1bed/1bath ADU is perfect for an in-law suite. Front house to be delivered vacant and back unit currently occupied. There is one water meter and two gas and electric meters for both units. Well maintained property in the heart of Inglewood. Perfect home for a first time home buyer or as a long term investment. Conveniently located near LAX airport, downtown L.A., SoFi Stadium, and Intuit Dome.

Condition Rating
Fair
The property was built in 1924 and while described as well-maintained, the images show an aged kitchen and bathrooms. The kitchen appliances and bathroom fixtures appear outdated. While functional, the property would benefit from updates to bring it to modern standards. The presence of a separate ADU adds value, but the condition of the main house suggests it's aged but maintained.
Pros & Cons

Pros

Income Potential: The property features a 3bed/2.5bath single-family home and a separate 1bed/1bath ADU, offering immediate rental income opportunities.
Prime Location: Conveniently located near LAX airport, downtown L.A., SoFi Stadium, and Intuit Dome, enhancing its desirability for renters and future resale value.
Separate Utilities: Two gas and electric meters allow for easy management and billing for each unit.

Cons

Age of Property: Built in 1924, the property may require updates and maintenance to meet modern standards and address potential age-related issues.
One Water Meter: Only one water meter for both units may complicate billing and management of water usage.

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