2540 Hudspeth Street, Inglewood, California 90303, Inglewood, 90303 - 3 bed, 2 bath
ACTIVE$619,000
2540 Hudspeth Street, Inglewood, California 90303
3Beds
2Baths
1,248Sqft
5,407Lot
Year Built
1953
Close
-
List price
$619K
Original List price
$619K
Price/Sqft
$496
HOA
-
Days on market
-
Sold On
-
MLS number
25516139
Home ConditionPoor
Features
Patio
View
About this home
Possibly Over-Priced:The estimated price is 32% below the list price. We found 3 Cons,5 Pros. Rank: price - $619.0K(5th), sqft - 1248(20th), beds - 3(50th), baths - 2(50th).
Short Sale Alert! A fantastic opportunity to own a charming 3-bedroom, 2-bathroom home in the vibrant city of Inglewood! This spacious residence sits on a generous lot, offering endless potential for investors or homeowners looking to customize their dream space. Conveniently located near SoFi Stadium, entertainment, shopping, and major freeways, this property is a rare find. Currently in negotiations with the bank for approval. Showings are not permitted at this time, but two scheduled showings will be available soonstay tuned!
Price History
Date
Event
Price
05/10/05
Sold
$420,000
06/19/02
Sold
$220,000
05/06/99
Sold
$164,500
12/02/94
Sold
$165,000
Condition Rating
Poor
Built in 1953, this property shows significant signs of age and requires substantial rehabilitation. The kitchen features very outdated cabinets, laminate countertops, older white appliances, and dated linoleum flooring with an old fluorescent light fixture. Both bathrooms are also very outdated, with old vanities, fixtures, and tile work. While the structure appears habitable, the interior finishes, particularly the kitchen and bathrooms, are well beyond minor updates and would necessitate a full renovation to meet current standards. The listing description itself highlights 'endless potential for investors or homeowners looking to customize their dream space,' reinforcing the need for extensive modernization.
Pros & Cons
Pros
Prime Location: Strategically located near major attractions like SoFi Stadium, entertainment venues, shopping, and major freeways, enhancing desirability and potential appreciation.
Development Potential: A generous 5,407 sqft lot offers significant potential for expansion, landscaping, or the addition of an Accessory Dwelling Unit (ADU), appealing to investors and homeowners seeking to add value.
Functional Layout: A 3-bedroom, 2-bathroom configuration provides a practical and desirable living arrangement suitable for various buyer profiles.
Inglewood Market Growth: Situated in the vibrant city of Inglewood, an area experiencing significant revitalization and growth, suggesting strong long-term investment potential.
Customization Opportunity: Described as having 'endless potential for investors or homeowners looking to customize their dream space,' indicating a blank canvas for personalized upgrades and value creation.
Cons
Short Sale Complications: The property is a short sale, currently 'in negotiations with the bank for approval,' which can lead to prolonged closing periods, uncertainty, and potential for the deal to fall through.
Restricted Property Access: 'Showings are not permitted at this time,' severely limiting potential buyers' ability to inspect the property thoroughly before making an offer, creating a barrier to sale.
Valuation Discrepancy: The listing price of $619,000 is substantially higher than the estimated property value of $416,608.645 (an estimation ratio of -32%), suggesting the current asking price may not align with market value, especially given the short sale context.