The Hollywood Park Project is currently being developed and will bring lots of new faces, money and investors to Inglewood. As the project gets nearer to completion, officials are working hard to clean up the city and restore it to its former glory. The addition of residential complexes, restaurants and shopping centers is slated to drive up property values.
At Lyon | Stahl, we’ve seen a lot of our own success in the Inglewood market throughout the past year. Recently, we closed escrow on a 22 unit portfolio located on Regent Street and Eucalyptus Avenue at a total cost of $2,625,000. The property, measuring approximately 15,000 square ft, have a great unit mix including one, two and three bedroom units with multiple baths with huge upside rent potential.
In addition to these two properties, Lyon|Stahl recently closed escrow on a complex at 912 E. La Palma just before Thanksgiving. The 7 unit investment property is located very close to the Hollywood Park project and only a few miles from Centinela Hospital. The building consists of a huge 2 bedroom 2 bath (plus den) owners unit, (3) 2 bedroom 2 bath units, and (3) 1 bedroom one bath units. Additionally, there are brand new doors and windows, updated electrical, and a new air conditioning system. Each unit is separately metered and there is alley access to parking. Every unit has its own private balcony.
2015 looks to be another exciting year for us in the Inglewood market, and we can’t wait to watch the city grow stronger and more profitable!