701 Walnut Street, Inglewood, California 90301, Inglewood, 90301 - bed, bath
701 Walnut Street
Inglewood, California 90301
Property Price
SUMMARY
Analysis of 701 Walnut Street, Inglewood, California 90301 is currently available with a list price of $1,249,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Inglewood Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1937, the property is aged but described as 'well-maintained' and appears functional. The kitchens feature dated wood or painted white cabinets, laminate countertops, and older tile flooring, though some appliances (refrigerators, ranges) appear newer. Bathrooms are basic with older vanities and subway tile surrounds. While livable and functional, the overall style and materials in the kitchens and bathrooms are significantly outdated, suggesting renovations that are likely 20-40 years old, requiring minor to moderate updates to meet current aesthetic standards. The property's age also implies potential for future system upgrades.
PROSSTRENGTHS & OPPORTUNITIES
- Strategic Location
Positioned less than 2 miles from major sports venues (SoFi Stadium, Clippers Arena) and transit, offering strong tenant demand and significant appreciation potential in a rapidly developing Inglewood market.
- Significant Redevelopment Potential
Situated on a generous 9,663 sqft lot with the potential for future redevelopment into 6+ units (buyer to verify), providing substantial long-term upside for investors.
- Established & Stable Income Stream
Currently a well-maintained triplex with recently raised rents and a history of long-term, timely-paying tenants, ensuring reliable cash flow and low vacancy risk.
CONSRISKS & DEFICIENCIES
- Property Age
Built in 1937, the property's age may necessitate higher ongoing maintenance costs or future capital expenditures for system upgrades (e.g., plumbing, electrical, HVAC) compared to newer constructions.
- Redevelopment Uncertainty
While offering redevelopment potential, the ability to build 6+ units requires buyer verification with the city, introducing a degree of uncertainty and due diligence for future plans.
- Unit Bathroom Count
Each 3-bedroom unit is configured with only one bathroom, which could be a limiting factor for some tenant demographics or families and potentially impact rental market competitiveness.
About 701 Walnut Street
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.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1937
- Lot Size
- 9,663 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 2,775 | 3,037.5 | 50% |
| Lot Size | 9,663 | 7,338 | 75% |
| Price | $1.25M | $1.15M | 75% |
| Price per sq ft | $450 | $402 | 50% |
| Built year | 1937 | 1953 | 25% |
| HOA | $0 | $0 | 50% |
| Days on market | 43 | 105 | 25% |
Pricing History
Listed for Sale
Jan 22, 2026
$1,249,000
Initial Listing
Sold
Jun 23, 2023
$1,025,000
Public Record