323 Elm, Inglewood, California 90301, Inglewood, 90301 - 0 bed, 0 bath
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Inglewood, California 90301
This Value-Add Duplex represents a strategic acquisition in a high-growth corridor, featuring a List Price of $799,000 and a Fair Market Value of $696,303. While the property currently holds a Condition Rating of 5 due to deferred maintenance, it includes critical infrastructure upgrades like double-paned windows and air conditioning. The detached garage provides a straightforward path for an ADU conversion, offering a potential third income stream minutes from SoFi Stadium. This asset is perfectly positioned for Buy-and-Hold Investors or Contractors looking to capitalize on Inglewood’s massive revitalization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 323 Elm Subject | $799,000* List Price | 0 | 0 | 1,247 | $558 | - |
A 319 E 98th Street Active | $820,000 List Price | 0 | 0 | 1,704 | $481 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1950, the property shows significant interior wear and deferred maintenance. Photos reveal missing floor tiles, very dated cabinetry, and exposed utility lines in the kitchen area. While the addition of AC and double-paned windows is a plus, the overall interior condition requires a comprehensive rehab.
Situated in a high-growth corridor near SoFi Stadium and Hollywood Park, this property is perfectly positioned to benefit from significant local revitalization and appreciation.
The detached garage offers a clear path for an ADU conversion, providing a strategic opportunity to add a third income stream and increase the property's overall yield.
With double-paned windows and air conditioning already installed in both units, the property eliminates major immediate capital expenditures for essential modern comforts.
The property is being sold in its current condition, which may necessitate immediate out-of-pocket expenses for repairs or cosmetic updates not covered by the seller.
At 1,247 total square feet for two units, the individual living areas are relatively compact, which could limit the tenant profile or maximum rental premium compared to larger units.
Properties like this rarely come up for sale. This is a rare opportunity to pick up a multi-unit property in one of the city's highest-growth corridors for under a million dollars. Tucked at the end of a quiet cul-de-sac just minutes from SoFi Stadium and the Hollywood Park development, this duplex is perfectly positioned to benefit from the area's massive revitalization. The property is bright and airy, with double-paned windows and air conditioning already installed in both units—major infrastructure costs that have already been handled. Unit #2 was recently improved and features a private, fenced backyard with mature produce trees. Both units offer washer/dryer hookups and ample storage, essential for high-quality rental demand. A long driveway provides plenty of off-street parking and leads to a detached garage, which offers a straightforward path for an ADU conversion to add a third income stream. This is a strategic "buy and hold" investment in a high-demand neighborhood. Selling AS-IS.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,247 | 2,080 | 40% |
| Lot Size | 4,858 | 6,117 | 40% |
| Price | $799.0K | $1.00M | 40% |
| Price per sq ft | $641 | $521 | 60% |
| Built year | 1950 | 1946 | 60% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 119 | 20% |
May 1, 2026
$799,000
Initial Listing