810 N Market Street, Inglewood, California 90302, Inglewood, 90302 - bed, bath
ACTIVE$1,400,000
810 N Market Street, Inglewood, California 90302
0Bed
0Bath
3,770Sqft
12,513Lot
Year Built
1956
Close
-
List price
$1.4M
Original List price
$1.4M
Price/Sqft
$371
HOA
-
Days on market
-
Sold On
-
MLS number
IN25105909
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.40M(50th), sqft - 3770(50th), beds - undefined(50th), baths - undefined(50th).
Highly desirable North Inglewood 5 unit gem. Located just minutes from SoFi Stadium, Kia Forum, and other world-class venues. This mixed complex offers (One) 3Bed/1Bath SFH, (Three) 1Bed/1Bath, and (One) 2Bed/1Bath. The property boast a large lot of 12,500 Square Feet, with the building's total leasable Square Feet of 3,770. (One) 2 Car garage, (Four) 1 Car garages, on site laundry room, and unit's are individually metered for gas and electricity. The emerging city of Inglewood is an investor's delight, with low vacancy rates, a stable market, and tremendous growth potential.
Condition Rating
Poor
The property was built in 1956, making it 68 years old. The listing explicitly notes 'Unspecified Unit Condition/Modernization' and suggests units 'may be in original or dated condition,' implying a significant lack of recent renovations. There are no interior images to assess kitchen or bathroom conditions, but given the age and lack of description, it's highly probable these areas are severely outdated and require full rehabilitation. The property analysis also highlights 'Property Age & Potential for Capital Expenditures,' indicating that major systems and interiors will likely need substantial repairs and upgrades to meet current standards. While the exterior appears maintained, the interior condition, particularly kitchens and bathrooms, is expected to be very poor, necessitating significant investment.
Pros & Cons
Pros
Strategic Location & Market Growth: Positioned in the rapidly emerging city of Inglewood, minutes from world-class venues like SoFi Stadium and Kia Forum, ensuring high rental demand, low vacancy rates, and significant appreciation potential.
Diversified Income Stream: A 5-unit mixed complex (SFH, 1-bed, 2-bed units) provides income diversification, appealing to a broader tenant base and mitigating risk.
Tenant-Centric Amenities & Cost Efficiency: Features like individually metered utilities for gas and electricity, on-site laundry, and ample garage parking (one 2-car, four 1-car) enhance tenant appeal and reduce landlord operating costs.
Generous Lot Size: The substantial 12,500 square foot lot offers potential for future expansion, development of Accessory Dwelling Units (ADUs), or creation of desirable outdoor communal spaces, adding long-term value.
Desirable North Inglewood Submarket: Located in a 'highly desirable' part of North Inglewood, indicating a sought-after neighborhood with strong rental demand and a stable market.
Cons
Property Age & Potential for Capital Expenditures: Built in 1956, the property is older, suggesting a higher likelihood of needing updates to major systems (plumbing, electrical, roofing) or general deferred maintenance, which could require significant capital investment.
Unspecified Unit Condition/Modernization: The description lacks details on recent interior renovations or modern finishes within the units, implying they may be in original or dated condition, potentially requiring upgrades to command top-tier rents.
Absence of Premium Views: The property explicitly states 'view: None,' which could be a drawback for some tenants or buyers seeking properties with scenic outlooks, potentially limiting its premium appeal compared to competitors.