701 Walnut Street, Inglewood, California 90301, Inglewood, 90301 - 0 bed, 0 bath
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Inglewood, California 90301
This Residential Income Triplex represents a strategic asset with a List Price of $1,249,000, located less than two miles from SoFi Stadium. Although the price exceeds the $1,168,107 Fair Market Value, the property offers immense long-term value through its 9,663-square-foot lot and 6+ unit redevelopment potential. Currently holding a Condition Rating of 4, the well-maintained units provide immediate cash flow in a high-demand rental market. This is a premier value-add opportunity for Buy-and-Hold Investors or Developers targeting the Los Angeles sports and entertainment corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 701 Walnut Street Subject | $1,249,000* List Price | 0 | 0 | 2,775 | $421 | - |
A 713 S Flower Pending | $1,015,000 List Price | 0 | 0 | 2,876 | $353 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is a 1937-built triplex that appears well-maintained but remains largely outdated. Interior images show functional but aged kitchens with older tile countertops and basic appliances, along with standard bathrooms that lack modern updates. While the flooring has been partially updated with laminate/vinyl in some areas, the overall aesthetic, light fixtures, and systems reflect a property that has been maintained through regular upkeep rather than a comprehensive modern renovation.
Situated less than two miles from SoFi Stadium and the Intuit Dome, the property is perfectly positioned to benefit from the massive economic growth and high rental demand in the Inglewood sports and entertainment district.
The expansive 9,663-square-foot lot offers a significant value-add opportunity for investors, with the potential to redevelop the site into 6 or more units, providing substantial future upside.
The property features a well-maintained triplex with desirable three-bedroom layouts and long-term tenants, providing immediate and reliable rental income with recently adjusted rates.
Originally constructed in 1937, the property may require ongoing maintenance or capital expenditures to modernize systems and ensure long-term structural integrity compared to newer builds.
As a multi-unit property in Inglewood, investors must navigate local rent stabilization ordinances, which may limit the ability to quickly reach full market rent levels.
Excellent investment opportunity located less than 2 miles from SoFi Stadium and the new Los Angeles Clippers Arena. Situated on a generous lot, the property offers potential for future redevelopment of 6+ units (buyer to verify with the city). The property currently consists of a well-maintained triplex, with each unit configured as 3 bedrooms and 1 bathroom. Rents have been recently raised, and the units are occupied by long-term tenants with a history of timely rent payments. Each unit includes washer and dryer hookups and functional, flexible layouts. Conveniently located near major sports venues, transit, and ongoing area development, this property presents a solid opportunity for investors seeking stable income with future upside potential in a growing Los Angeles market.
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 | 2,775 | 2,427.5 | 50% |
| Lot Size | 9,663 | 6,959.5 | 75% |
| Price | $1.25M | $1.04M | 75% |
| Price per sq ft | $450 | $485 | 50% |
| Built year | 1937 | 1942 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 90 | 109 | 50% |
Jan 22, 2026
$1,249,000
Initial Listing
Jun 23, 2023
$1,025,000
Public Record