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8711 Chessington Drive E, Inglewood, California 90305, Inglewood, 90305 - 2 bed, 2 bath

8711 Chessington Drive E, Inglewood, California 90305 home-pic-0
ACTIVE$595,000
8711 Chessington Drive E, Inglewood, California 90305
2Beds
2Baths
1,128Sqft
70,625Lot
Year Built
1987
Close
-
List price
$595K
Original List price
$600K
Price/Sqft
$527
HOA
$500
Days on market
-
Sold On
-
MLS number
25501993
Home ConditionFair
Features
Good View: Park/Greenbelt
ViewPark/Greenbelt

About this home

We found 3 Cons,5 Pros. Rank: price - $595.0K(50th), sqft - 1128(50th), beds - 2(50th), baths - 2(50th).

Excellent opportunity to acquire a below-market condo in a 24-hour gated community with tremendous potential in Carlton Square. Requires minimal TLC to transform into a gem. Upstairs unit with 2 bedrooms, 2 bathrooms, and a den. Features include a fireplace, 2 patio spaces, large walk-in closets, and a spacious kitchen with ample counter space and storage cabinets. Significant potential, seeking cash offers or short-term escrow. Seller motivated, tenant occupied. HOA currently has an assessment for repairing termite work which can be negotiated prior to COE. Community includes 2 swimming pools with spas, tennis courts, community room, and play area for young kids. 2 covered parking spaces, one covered with storage and one uncovered, visitor spaces. Next to Forum, SO-FI Stadium, Intuit Dome, shopping, restaurants. Seller Motivated.

Nearby schools

1/10
Lane (Warren) Elementary School
Public,•K-6•1.1mi
/10
Monroe (Albert F.) Middle School
Public,•6-8•1.5mi
2/10
Inglewood High School
Public,•9-12•0.9mi
2/10
Morningside High School
Public,•9-12•1.3mi

Price History

Date
Event
Price
08/30/07
Sold
$390,000
03/26/98
Sold
$131,500
Condition Rating
Fair
The property, built in 1987, shows its age with dated kitchen and bathroom features, including tiled countertops, older wood cabinets, white appliances (coil-top electric range), and dated light fixtures. While functional, these areas require minor updates to meet current aesthetic standards. The description mentions 'minimal TLC' and an HOA assessment for termite work, indicating some deferred maintenance. The overall condition suggests it's maintained but outdated, fitting the 'Fair' category.
Pros & Cons

Pros

Prime Entertainment Hub Location: Located next to major attractions like The Forum, SoFi Stadium, and Intuit Dome, offering unparalleled access to entertainment, dining, and shopping.
Extensive Community Amenities: Part of a 24-hour gated community featuring two swimming pools with spas, tennis courts, a community room, and a play area for children.
Strong Investment & Value Potential: Marketed as a 'below-market condo' with 'tremendous potential' and requiring 'minimal TLC,' suggesting significant upside for appreciation and customization.
Functional Layout with Den & Outdoor Space: An upstairs unit offering a versatile layout with 2 bedrooms, 2 bathrooms, a den, a fireplace, and two private patio spaces.
Desirable View & Ample Parking: Boasts a pleasant park/greenbelt view and includes two dedicated covered parking spaces (one with storage) plus visitor parking.

Cons

Immediate Investment & Limited Financing Options: The property 'requires minimal TLC' and the seller is 'seeking cash offers or short-term escrow,' indicating potential immediate repair costs and a preference for non-contingent buyers.
High HOA Fees & Special Assessment: A substantial monthly HOA fee of $500, coupled with an ongoing assessment for termite repair, adds significant recurring and potential upfront costs.
Tenant Occupancy Complications: The property is tenant-occupied, which may complicate showing schedules, inspection access, and the closing timeline for an owner-occupant.

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