542 Short Street, Inglewood, California 90302, Inglewood, 90302 - 3 bed, 2 bath

542 Short Street, Inglewood, California 90302 home-pic-0
ACTIVE$999,000
542 Short Street, Inglewood, California 90302
3Beds
2Baths
1,261Sqft
6,062Lot
Year Built
1927
Close
-
List price
$999K
Original List price
$999K
Price/Sqft
$792
HOA
-
Days on market
-
Sold On
-
MLS number
25496859
Home ConditionPoor
Features
View

About this home

Possibly Over-Priced:The estimated price is 10% below the list price. We found 2 Cons,3 Pros. Rank: price - $999.0K(64th), sqft - 1261(57th), beds - 3(50th), baths - 2(50th).

** Developer's Dream! Prime Location, Limitless Potential!** Unlock unparalleled opportunities with this 3-bedroom, 2-bathroom property, nestled in the coveted La Cienega/Centinela area! Boasting 1261 sq ft and built in 1927, this R3-zoned lot presents a rare chance for development. Whether you envision a complete rehab of the existing structure or a ground-up tear-down to create a modern multi-unit complex, this property offers the canvas for your next masterpiece. Its prime location provides instant access to the 405 and 105 freeways, putting you moments away from the vibrant Ladera Heights Shopping Center, lush parks, and a diverse culinary scene. Plus, enjoy close proximity to world-class entertainment at the SoFi Stadium, Intuit Dome, Kia Forum, and Hollywood Park Casino! Minutes from Downtown Inglewood and LAX, this property is ideally situated. Sold As-Is and currently tanant-occupied, imagine living on-site while you bring your vision to life. With two adjacent fourplex apartment buildings nearby, the possibilities are endless. Seize this golden opportunity to capitalize on a location poised for explosive growth!

Price History

Date
Event
Price
06/25/01
Sold
$225,000
Condition Rating
Poor

The property was built in 1927 and is described as a 'Developer's Dream' needing either a complete rehab or tear-down. The images show a dated interior, including the kitchen and bathrooms, suggesting substantial repairs are needed. Given the age and the description, it requires significant rehabilitation.
Pros & Cons

Pros

Development Potential: R3 zoning offers significant development opportunities, allowing for potential multi-unit construction or expansion.
Prime Location: Located in the desirable La Cienega/Centinela area with easy access to freeways, shopping, dining, and entertainment venues like SoFi Stadium and Intuit Dome.
Large Lot Size: The 6,062 sq ft lot provides ample space for development or renovation possibilities.

Cons

As-Is Condition: The property is being sold in 'As-Is' condition, potentially requiring significant renovations or repairs.
Tenant-Occupied: The property is currently tenant-occupied, which may complicate showings and delay the start of any renovation or development projects.

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