$2,100,000
415 Grace Ave Inglewood, CA 90301
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$2,100,000
Est. payment /mo
0.28 Acres Lot
Price Dropped by $400K
415 Grace Ave Inglewood, CA 90301
UPDATED:
10/28/2024 05:57 PM
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 24-427419
Lot Size 0.282 Acres
Acres 0.2899
Property Description
REDUCED! We are excited to offer for sale a fully ready-to-issue (RTI) 8-unit townhome-style development opportunity, featuring two main building types. Type 1 consists of Building 1, which includes Unit A and Unit B, while Type 2 encompasses Buildings 2, 3, and 4, each featuring Unit A and Unit AR. Unit A is designed with 3 bedrooms, 4 bathrooms, 1,514 sq. ft., a private 2-car garage (371 sq. ft.), and a spacious roof deck (251 sq. ft.), while Unit B offers 3 bedrooms, 4 bathrooms, 1,690 sq. ft., a private 2-car garage (371 sq. ft.), and a spacious roof deck. Unit AR is a reversed version of Unit A. All the units feature laundry closets, a bonus/utility room with a full bathroom on the ground floor, and a private rooftop deck. The total rentable sq ft is 12,288 SF. The development is situated on a large 12,622 SF lot zoned R-3 in the Inglewood Downtown TOD (Transit-Oriented Development) area, a hub for new development. It is located in the Inglewood city center, within blocks from the Inglewood Courthouse and City Hall, and near hospitals, local grocery stores, and retail. The property benefits from a high Walk Score of 85, indicating a "Very Walkable" neighborhood where daily errands do not require a car. This level of walkability, coupled with easy access to public transportation and major thorough fares, enhances the appeal for future residents or tenants, especially in a market increasingly favoring accessibility and convenience. The Metro K Line Northern Extension would fill a gap in Metro's developing system to connect four major rail lines and six of the highest ridership bus lines in LA County. Request an Offering Memorandum for further details.
Location
State CA
County Los Angeles
Area North Inglewood
Zoning INP1YY
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Listed by Keller Williams Beverly Hills
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