541 Elm Avenue, Inglewood, California 90301, Inglewood, 90301 - bed, bath

541 Elm Avenue, Inglewood, California 90301 home-pic-0
ACTIVE$1,698,000
541 Elm Avenue, Inglewood, California 90301
0Bed
0Bath
3,044Sqft
7,419Lot
Year Built
1930
Close
-
List price
$1.7M
Original List price
$1.7M
Price/Sqft
$558
HOA
-
Days on market
-
Sold On
-
MLS number
IG25019936
Home ConditionFair
Features
View-

About this home

We found 2 Cons,3 Pros. Rank: price - $1.70M(75th), sqft - 3044(50th), beds - undefined(50th), baths - undefined(50th).

Exceptional Investment Opportunity in Inglewood! This meticulously maintained 4-unit property exemplifies pride of ownership and offers a unique chance for savvy investors. The front house features a spacious 2-bedroom, 1-bath layout complete with an indoor laundry room, complemented by three additional spacious 1-bedroom, 1-bath units situated in the back. A long driveway leads to three individual single-car garages, providing ample parking for tenants. Each unit is individually metered for electricity and gas, ensuring convenience and efficiency, while dual pane windows and central AC and heating offer comfort year-round. Nestled in a highly desirable area, this property is just minutes away from top-rated schools, diverse shopping options, dining hotspots, Sofi Stadium, Hollywood Park, Kia Forum, and LAX. Enjoy nearby recreational areas like Sentinel Field, Ashwood Park, and Simmons Playground. With all four units currently rented, this property boasts a high tenant demand and has the potential to add an ADU for additional income. Don’t miss out on this fantastic opportunity to enhance your real estate portfolio!

Price History

Date
Event
Price
04/25/23
Sold
$1,600,000
04/17/09
Sold
$455,000
Condition Rating
Fair

The property was built in 1930 and while described as meticulously maintained, the images show signs of age. The kitchens and bathrooms likely require updates. While dual pane windows and central AC/heating are positives, the overall condition suggests it's aged but maintained, fitting the 'fair' category.
Pros & Cons

Pros

Prime Location: Located in a highly desirable Inglewood area, close to top-rated schools, shopping, dining, SoFi Stadium, Hollywood Park, Kia Forum, and LAX, increasing tenant appeal and property value.
Income Potential: The property features four units, all currently rented, offering immediate income and the potential to add an ADU for increased revenue.
Desirable Amenities: Each unit is individually metered for electricity and gas, and the property includes dual pane windows and central AC and heating, enhancing tenant comfort and reducing operating costs.

Cons

Age of Property: Built in 1930, the property may require ongoing maintenance and potential upgrades to meet modern standards.
Limited Parking: While there are garages, only three single-car garages are available for four units, potentially causing parking constraints for tenants.

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