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

541 Elm Avenue, Inglewood, California 90301 home-pic-0
ACTIVE$1,629,000
541 Elm Avenue, Inglewood, California 90301
0Bed
0Bath
3,044Sqft
7,419Lot
Year Built
1930
Close
-
List price
$1.63M
Original List price
$1.65M
Price/Sqft
$535
HOA
-
Days on market
-
Sold On
-
MLS number
IG25063184
Home ConditionGood
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.63M(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
08/03/25
$1,629,000
03/23/25
$1,649,000
04/25/23
Sold
$1,600,000
04/17/09
Sold
$455,000
Condition Rating
Good
The property, built in 1930, has undergone significant and consistent renovations across its units, including updated kitchens with stainless steel appliances and granite/stone countertops, modernized bathrooms with tiled showers, and laminate wood flooring throughout. The description also notes dual-pane windows and central AC/heating, indicating major system upgrades. While some aesthetic elements like certain light fixtures or tile patterns in the kitchens and bathrooms might not be ultra-modern (suggesting renovations older than 5 years), the property is meticulously maintained, move-in ready, and its major systems are functional and within their expected lifespan, aligning with a 'good' condition.
Pros & Cons

Pros

Strong Investment Potential: This meticulously maintained 4-unit property is explicitly highlighted as an 'Exceptional Investment Opportunity' with high tenant demand and potential for adding an ADU for increased income.
Diversified Income Stream: Comprising a 2-bedroom, 1-bath front house and three additional 1-bedroom, 1-bath units, the property offers diversified rental income and reduced vacancy risk.
Modernized Tenant Comforts & Efficiency: Units feature dual pane windows, central AC and heating, and are individually metered for electricity and gas, enhancing tenant comfort and operational efficiency.
Prime Inglewood Location: Situated in a highly desirable area, it offers proximity to major attractions like Sofi Stadium, Hollywood Park, Kia Forum, LAX, top-rated schools, shopping, dining, and recreational areas.
Ample Parking & High Occupancy: A long driveway leading to three individual single-car garages provides valuable tenant parking, and all four units are currently rented, indicating strong market demand.

Cons

Property Age: Built in 1930, the property's age may imply older underlying infrastructure (e.g., plumbing, electrical systems) that could require significant capital expenditures in the future, despite current maintenance.
Predominantly Smaller Units: Three of the four units are 1-bedroom, 1-bath, which might limit the appeal to a broader tenant demographic, such as families seeking larger living spaces.
Potential for Future Capital Expenditures: While described as meticulously maintained, the age of the building suggests that major system replacements or structural updates could become necessary in the long term, impacting investor returns.

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