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3907 W 109th Street, Inglewood, California 90303, Inglewood, 90303 - 3 bed, 1 bath

3907 W 109th Street, Inglewood, California 90303 home-pic-0
ACTIVE$1,200,000
3907 W 109th Street, Inglewood, California 90303
3Beds
1Bath
766Sqft
9,030Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9030, living area = 766.
Top Cons:
Existing Structure & Demolition Costs: The presence of an existing 1923-built single-family home (766 sqft) on the lot implies additional demolition costs and potential environmental abatement, adding to the overall project expense and timeline.

Compared to the nearby listings

Price:$1.20M vs avg $814.5K (+$385,500)95%
Size:766 sqft vs avg 1,453.5 sqft5%
Price/sqft:$1.6K vs avg $53595%

More Insights

Built in 1923 (102 years old).
Condition: The property was built in 1923, making it over 100 years old. The listing explicitly markets this as a 'Prime Development Opportunity' with 'approved plans for 4 units,' and the property analysis highlights 'Existing Structure & Demolition Costs.' The provided image is a rendering of the proposed new development, not the current home. This indicates the existing structure is considered beyond repair and is intended for demolition, aligning with the 'Tear-down' criteria where the property's value is based solely on the land and its potential for redevelopment.
Year Built
1923
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
$1,567
HOA
-
Days on market
-
Sold On
-
MLS number
SB25041605
Home ConditionTear down
Features
View-

About this home

Prime Development Opportunity in Inglewood – 9,000 Sq. Ft. Lot with Approved Plans for 4 Units Seize this rare opportunity to develop in one of Inglewood’s most sought-after neighborhoods! This expansive 9,000 sq. ft. lot comes with city-approved plans to build four spacious units, streamlining the development process and saving you valuable time and resources. Located in a thriving community near SoFi Stadium, The Kia Forum, Intuit Dome, LAX, and major freeways, this property offers incredible potential for investors and developers looking to capitalize on Inglewood’s continued growth. With permits in place, you can break ground immediately on this lucrative multi-unit project. Whether you’re looking for a long-term rental investment or a build-and-sell opportunity, this lot provides the perfect foundation for success. Key Features: 9,000 sq. ft. lot in a prime Inglewood location Approved plans for 4 units—ready to build, Close proximity to entertainment, shopping, and dining, Minutes from major freeways and LAX for convenience, A high-demand rental market with strong growth potential. Don’t miss out on this turnkey development opportunity in one of LA’s hottest markets! Contact us today for more details.

Price History

Date
Event
Price
01/31/23
Sold
$620,000
Condition Rating
Tear down
The property was built in 1923, making it over 100 years old. The listing explicitly markets this as a 'Prime Development Opportunity' with 'approved plans for 4 units,' and the property analysis highlights 'Existing Structure & Demolition Costs.' The provided image is a rendering of the proposed new development, not the current home. This indicates the existing structure is considered beyond repair and is intended for demolition, aligning with the 'Tear-down' criteria where the property's value is based solely on the land and its potential for redevelopment.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9030, living area = 766.
Prime Development Opportunity: The property offers a rare opportunity to develop four units on an expansive 9,000 sq. ft. lot in a rapidly growing Inglewood neighborhood.
Pre-Approved Plans & Permits: City-approved plans for four units are already in place, significantly streamlining the development process by reducing time, risk, and initial bureaucratic hurdles.
Strategic Location: Located in close proximity to major entertainment venues (SoFi Stadium, The Kia Forum, Intuit Dome), LAX, and major freeways, ensuring high tenant demand and strong appreciation potential.
High-Demand Market: Situated in Inglewood, a high-demand rental market experiencing strong growth, making it an attractive investment for long-term rentals or build-and-sell strategies.
Scalability & Investment Potential: The ability to build four units provides excellent potential for substantial rental income generation or significant profit margins upon the sale of individual units.

Cons

Existing Structure & Demolition Costs: The presence of an existing 1923-built single-family home (766 sqft) on the lot implies additional demolition costs and potential environmental abatement, adding to the overall project expense and timeline.
Substantial Capital & Project Management Required: Despite approved plans, the actual construction of four units demands significant capital investment, financing, and complex project management, which are substantial undertakings beyond the purchase price.
Niche Buyer Market: This property primarily appeals to experienced developers or investors, which narrows the pool of potential buyers compared to a standard residential listing, potentially impacting market liquidity.

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