627 Hill Street
627 Hill Street
$1,235,000
2
3
1,294
1,294
$954
Closed 8/31/23
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Description
Attention investors, owner users, developers! We proudly present a single-family, investment property at 627 Hill St. in prime North Inglewood, California, two miles north of the excitement of SoFi Stadium and Hollywood Park. Rarely does an opportunity like this come on the market, move-in ready for an owner user who can later develop multiple units on an expansive, R3-zoned, 11,404sf lot and or for an investor capitalizing on high rents commanded by an ideal investment. This 2-bedroom plus den,...Attention investors, owner users, developers! We proudly present a single-family, investment property at 627 Hill St. in prime North Inglewood, California, two miles north of the excitement of SoFi Stadium and Hollywood Park. Rarely does an opportunity like this come on the market, move-in ready for an owner user who can later develop multiple units on an expansive, R3-zoned, 11,404sf lot and or for an investor capitalizing on high rents commanded by an ideal investment. This 2-bedroom plus den, 3-full bath home has 3 separate entrances, currently utilized as a 3-unit investment property through Airbnb long-term leasing. The current owner fully renovated the property in 2021 and has spent considerable time and resources to position it for maximum profitability on Airbnb and other rental platforms, optimizing operations to ensure high consumer satisfaction, positive reviews, and return leasing. A new investor won’t need to create a business plan. The investment opportunity suits both short-term and long-term capital deployment. Actual gross income for long term monthly leasing is about $96,000/year with a 5.83% CAP rate based on new tax! Inglewood is 5 miles east of LAX, 10 miles southwest of Downtown LA, and is home to SoFi Stadium, an entertainment and sports destination that is home to the Los Angeles Rams and the Los Angeles Chargers. It will host the College Football Championship Game in 2023 and the Opening/Closing Ceremonies of the Olympic Games in 2028. SoFi is the centerpiece of Hollywood Park, a 298-acre mixed-use development featuring retail, commercial office space, a hotel, residential units, and outdoor park spaces. A stadium shuttle from the Metro C Line goes directly to SoFi. Because of these attractions and its central location in metro Los Angeles with its proximity to LAX, beaches, and commerce, the Inglewood real estate market has experienced exponential growth the last few years. There is high demand for homes in Inglewood as investor sentiments for the area remain bullish, forecasting above average appreciation in property values.
- Listed by Judy Lin Young • DRE #01914120 • Brokerage DRE #02162487 • RubyHome Corporation • 626-215-4466
- Listed by Debbie Efthimos • DRE #02140981 • Brokerage DRE #01854035 • Keller Williams South Bay
Property Details for 627 Hill Street
View
Neighborhood
Parking Spaces Total1
Private PoolNo
Cooling TypeCentral Forced Air
Total Units1.0
Building TypeDetached
Lot Size SourceAssessor
Living Area1294
Location
LISTING UPDATED: 08/31/2023 04:01 PM
Property Details for 627 Hill Street
Status | Closed |
---|---|
MLS # | PF23043121 |
Days on Market | 72 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Single Family |
MLS Type | Residential / Single Family Residence |
Year Built | 1951 |
Lot Size | 0.26 AC / 11,404 SF |
County | Los Angeles County |
Location
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Building Information for 627 Hill Street
Stories1Year Built1951Building Size-Lot Size0.26 AC / 11,404 SF
Payment Calculator
$7,952 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 627 Hill Street
Property History for 627 Hill Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 627 Hill Street
Taxable ValueLand$897,600Additions$224,400Total$1,122,000
Tax Record2023$14,539 ($1,212 / month)
Home Facts
Beds2Total Finished SqFt1,294 SqFtAbove Grade Finished SqFt1,294 SqFtStories1Lot Size11,404 SqFtStyleSingle Family ResidenceYear Built1951ZoningINR3YYCountyLOS ANGELESAPN4017-003-004
Schools near 627 Hill Street
This home is within Inglewood Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 8 | |||
Charter - | K to 8 | |||
Public - | 9 to 12 | |||
Charter - | K to 5 |
Rating | School | Distance |
---|---|---|
Parent (Frank D.) Elementary School PublicK to 8 | ||
La Tijera K-8 Charter School Academy of Excellence CharterK to 8 | ||
Inglewood High School Public9 to 12 | ||
Wilder's Preparatory Academy Charter CharterK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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