433 W Fairview Boulevard, Inglewood, California 90302, Inglewood, 90302 - 3 bed, 3 bath
ACTIVE$1,750,000
433 W Fairview Boulevard, Inglewood, California 90302
3Beds
3Baths
2,278Sqft
12,027Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Exceptional Development Potential: The property is explicitly marketed as a development site with the potential to build 8 units (2 single-family homes and 6 ADUs) on a subdivided lot, offering significant return on investment for developers.
Top Cons:
Occupied Property & Access Limitations: The property is tenant-occupied, restricting showings ('Do not disturb occupants') and potentially requiring complex tenant relocation/eviction processes, adding time and cost to the development timeline.
Compared to the nearby listings
Price:$1.75M vs avg $840.0K (+$910,000)93%
Size:2,278 sqft vs avg 1,248 sqft87%
Price/sqft:$768 vs avg $76850%
More Insights
Built in 1946 (79 years old).
Condition: The property was built in 1946, making it 78 years old. The MLS description explicitly markets it as a 'DEVELOPMENT SITE' with potential to 'Build 8 Units,' indicating the value is primarily in the land for redevelopment rather than the existing structure. There are no interior images or descriptions of the home's condition, kitchen, or bathrooms, which strongly suggests the current structure is not a selling point and likely requires demolition or extensive rehabilitation. The single exterior image from 2020 shows an older home, but provides no insight into the interior condition or systems. The instruction 'DO not disturb occupants' further supports the idea that the property is being sold for its land value, not for its current living condition.
Year Built
1946
Close
-
List price
$1.75M
Original List price
$1.75M
Price/Sqft
$768
HOA
-
Days on market
-
Sold On
-
MLS number
25576999
Home ConditionTear down
Features
View-
About this home
Build 8 Units!!! DEVELOPMENT SITE!!! Per the City of Inglewood, the lot can be subdivided into two 6,000 sq. ft. lots. Build 2 single family homes and two 1,000 sq. ft. ADU's on each lot for a total of 8 units. Contact Inglewood Building and Safety to verify this information. The property is occupied. DO not disturb occupants. See attached Parcel Map
Nearby schools
3/10
Parent (Frank D.) Elementary School
Public,•K-8•0.6mi
2/10
Inglewood High School
Public,•9-12•1.4mi
Price History
Date
Event
Price
10/31/11
Sold
$300,000
01/07/04
Sold
$400,000
Condition Rating
Tear down
The property was built in 1946, making it 78 years old. The MLS description explicitly markets it as a 'DEVELOPMENT SITE' with potential to 'Build 8 Units,' indicating the value is primarily in the land for redevelopment rather than the existing structure. There are no interior images or descriptions of the home's condition, kitchen, or bathrooms, which strongly suggests the current structure is not a selling point and likely requires demolition or extensive rehabilitation. The single exterior image from 2020 shows an older home, but provides no insight into the interior condition or systems. The instruction 'DO not disturb occupants' further supports the idea that the property is being sold for its land value, not for its current living condition.
Pros & Cons
Pros
Exceptional Development Potential: The property is explicitly marketed as a development site with the potential to build 8 units (2 single-family homes and 6 ADUs) on a subdivided lot, offering significant return on investment for developers.
Generous Lot Size: A substantial 12,027 sqft lot provides ample space for the proposed multi-unit development and subdivision, which is crucial for maximizing density.
Strategic Inglewood Location: Situated in a rapidly appreciating Inglewood market, bolstered by major economic drivers like SoFi Stadium and the upcoming Intuit Dome, enhancing future value and tenant demand.
Preliminary City Approval Indication: The listing suggests the City of Inglewood's preliminary allowance for subdivision and multi-unit construction, potentially streamlining the initial planning phase for a developer.
High-Value Investment Opportunity: Positioned as a prime land play rather than a traditional single-family home, appealing to investors seeking significant capital appreciation through multi-unit development in a growing urban core.
Cons
Occupied Property & Access Limitations: The property is tenant-occupied, restricting showings ('Do not disturb occupants') and potentially requiring complex tenant relocation/eviction processes, adding time and cost to the development timeline.
Due Diligence Required for Development Claims: The stated 8-unit potential requires independent verification with Inglewood Building and Safety, introducing uncertainty and necessary upfront investigative work for the buyer before proceeding.
Age and Condition of Existing Structure: The 1946-built home is likely a tear-down for development purposes, incurring demolition costs and rendering the existing structure's features (beds, baths, sqft) largely irrelevant to the property's value proposition.