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Property Description

Welcome to 3737 W 111th Place ... a unique offering perfect for a wide range of clientele. This triplex is made up of three individual houses on an oversized 11,000+ sqft lot and offers two separate two car garages plus tons of yard space. For an owner-user you're looking at a dream 3bd/2ba house at an astonishing price tag of just $400,000 plus an additional two homes in the back which can house family members or be rented out for additional income. Getting any single family residence for less than $600,000 is almost unheard of 10 minutes from the beach so maybe grab two friends and go in on this one together for the deal of a lifetime at $400,000 per door! For the savvy investor this property features major upside potential of 54% in a rapidly gentrifying Inglewood market. You can either look to vacate tenants and fully redevelop four new units or renovate existing units, match market rents, and potentially add two ADUs. With a growing economy in the area and significant income growth prospects, this property is perfect for investors looking to expand their portfolio or a developer looking to capitalize on the large lot size. Conveniently placed near the 105 and 405 freeways gives owners or tenants easy access to downtown Los Angeles, LAX, or to the beautiful SoCal Beaches just 10 minutes away. Don't miss out on this opportunity, the buyer pool is just too large for this deal to last very long ... Give us a call today!

Overview

Property Status
Sold
Date Sold
December 3, 2024
Lot Size
0.26 Acres
MLS ID
24-408097
Property Type
Multi-Family
Year Built
1960

Features & Amenities

Garage Spaces
4.0
Parking
Driveway, Garage - 2 Car
Heat Type
Wall
Air Conditioning
Window Unit(s)
Appliances
None
Sales Price
$1,030,000
Zoning
INR2YY

Downloads

3737 W 111th Pl

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We would love to help you see this beautiful home! As a full-service brokerage, we can help you tour. Please submit an offer, and answer questions about the buying process.

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for your interest in 3737 W 111th Pl, Inglewood, CA 90303

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3737 W 111th Pl

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