370 E Hillsdale Street, Inglewood, California 90302, Inglewood, 90302 - bed, bath

370 E Hillsdale Street, Inglewood, California 90302 home-pic-0
ACTIVE$1,250,000
370 E Hillsdale Street, Inglewood, California 90302
0Bed
0Bath
3,543Sqft
7,179Lot
Year Built
1990
Close
-
List price
$1.25M
Original List price
$1.25M
Price/Sqft
$353
HOA
-
Days on market
-
Sold On
-
MLS number
PV25232510
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.25M(67th), sqft - 3543(67th), beds - undefined(50th), baths - undefined(50th).

Welcome to 370 E Hillsdale St, a standout triplex investment located beside its sister property at 376 E Hillsdale St, which is also for sale. Together, these two parcels create a potential six-unit investment opportunity. The properties share a common driveway, forming a cohesive layout ideal for investors seeking multi-property ownership or homeowners looking to live in one and rent the others. Built in 1990 and spanning approximately 3,543 square feet on a 7,179 square foot lot, this property features three spacious 3-bedroom, 2-bath units across two separate buildings. Each residence offers a townhome-style design with private entrances, garages, and generous living areas. One unit is currently vacant, providing flexibility for an owner-occupant or a new tenant at market rent, while the remaining units are fully leased with long-term tenants. The property offers a pro forma cap rate of 5.89 percent, reflecting strong cash flow potential and consistent market performance. With close proximity to Centinela Avenue, La Brea Avenue, and SoFi Stadium, this investment sits in one of Inglewood’s most desirable and rapidly appreciating neighborhoods. Highlights: • 3 townhome-style 3BD units | 5 total baths • Built in 1990 | ±3,543 SF on ±7,179 SF lot • 1 vacant unit ideal for owner-user or market rent reset • Pro forma cap rate: 5.89% • Shared driveway with 376 E Hillsdale (also for sale) • Close to Centinela Ave, La Brea, and SoFi Stadium • Ideal for investors or multi-generational living An exceptional opportunity to own one or both sister triplexes. Modern, stable, and positioned in one of Inglewood’s fastest-growing pockets.

Price History

Date
Event
Price
10/04/25
Listing
$1,250,000
Condition Rating
Poor

The property was built in 1990, making it 34 years old. While the exterior appears structurally sound, the interior images of the vacant unit reveal significant cosmetic disrepair. The carpets are heavily stained and worn, requiring full replacement. Walls show scuffs, marks, and some cracks, indicating a need for substantial repainting and repair. The kitchen features dated dark wood cabinets, laminate countertops, and older white appliances, consistent with its build year and showing no signs of recent updates. Given the extensive cosmetic rehabilitation required, particularly for the flooring and walls, the property's vacant unit is in a 'poor' condition, necessitating substantial repairs to be comfortable and appealing for a new occupant.
Pros & Cons

Pros

Scalable Investment Opportunity: The availability of an adjacent sister property for sale creates a potential six-unit portfolio, offering significant investment scalability and multi-property ownership.
Robust Financial Performance: A pro forma cap rate of 5.89% indicates strong cash flow potential and consistent market performance, appealing to income-focused investors.
Desirable Unit Configuration: Each of the three units features a spacious 3-bedroom, 2-bath townhome-style design with private entrances and garages, attracting quality tenants.
Strategic Location & Appreciation: Located in a rapidly appreciating Inglewood neighborhood, with close proximity to SoFi Stadium and major avenues, enhancing long-term value.
Immediate Flexibility: One vacant unit provides immediate flexibility for an owner-occupant or the opportunity to reset rent to current market rates, maximizing income potential.

Cons

Shared Driveway: The common driveway with the adjacent property could potentially lead to access or maintenance coordination challenges if not clearly defined.
Limited Immediate Rent Upside: Two units are occupied by long-term tenants, which may imply below-market rents and limit immediate income growth without lease renegotiation or turnover.
Potential for Capital Expenditures: As a 1990 build, the property's major systems are over 30 years old, suggesting potential for future capital expenditures for updates or replacements.

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