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881 Kincaid AVE Inglewood, CA 90302
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Key Details
Sold Price $1,015,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SR24056860
Sold Date 11/15/24
HOA Y/N No
Year Built 1955
Lot Size 5,253 Sqft
Property Description
Calling all Savvy Investors & Handy Homeowners! This charming triplex in the desirable North Inglewood area offers the perfect blend of income potential, sweat equity, and built-in rent growth for the future-focused owner user buyer. Live comfortably in one spacious unit while collecting rent from the other two. Inglewood’s rent control laws allow for annual increases of up to 10% for under market rented units, giving you a clear path to reaching market rent within 2-3 years, maximizing your income stream. The upside is yours. While the property boasts a solid foundation and well-maintained structure, there's room for cosmetic improvements to unlock its full potential. A large backyard for possible other opportunity, maybe additional structure. Channel your inner DIY spirit and personalize each unit, increasing overall value and future rent. Located on a cul-de-sac, minutes away from the 405 fwy, shopping, restaurants, LAX, SoFi Stadium, the Forum, the Westside and more. The owner user unit #1 will be delivered vacant.
Location
State CA
County Los Angeles
Area 101 - North Inglewood
Zoning INR3YY
Rooms
Other Rooms Gazebo, Shed(s)
Interior
Interior Features Ceiling Fan(s), Unfurnished, Galley Kitchen
Heating Natural Gas, Wall Furnace
Cooling Whole House Fan, Wall/Window Unit(s)
Flooring Carpet, Laminate
Fireplaces Type None
Equipment Satellite Dish
Fireplace No
Appliance Gas Range, Refrigerator, Vented Exhaust Fan, Water Heater, Dryer, Washer
Laundry Common Area, Laundry Room, Outside, Stacked
Exterior
Exterior Feature Lighting, Rain Gutters
Parking Features Assigned, Concrete, Door-Multi, Driveway Level, Driveway, Garage Faces Front, Garage, Side By Side
Garage Spaces 3.0
Garage Description 3.0
Fence Block, Wrought Iron
Pool None
Community Features Biking, Curbs, Storm Drain(s), Street Lights, Sidewalks, Urban, Park
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Amenities Available Water
View Y/N Yes
View Courtyard
Roof Type Shingle
Accessibility Accessible Doors
Total Parking Spaces 6
Private Pool No
Building
Lot Description Back Yard, Cul-De-Sac, Sprinklers In Rear, Sprinklers In Front, Lawn, Landscaped, Level, Near Park, Near Public Transit, Paved, Rectangular Lot, Sprinklers Manual, Sprinklers On Side, Sprinkler System, Street Level
Story 2
Entry Level Two
Foundation Raised
Sewer Public Sewer
Water Public
Architectural Style Traditional, Patio Home
Level or Stories Two
Additional Building Gazebo, Shed(s)
New Construction No
Others
Senior Community No
Tax ID 4017015027
Security Features Carbon Monoxide Detector(s),Smoke Detector(s),Window Bars
Acceptable Financing Cash to New Loan, FHA, VA Loan
Listing Terms Cash to New Loan, FHA, VA Loan
Financing Conventional
Special Listing Condition Standard
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Bought with Shoshana Kliman • Keller Williams Realty-Studio City
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