578 Stepney ST, Inglewood, CA 90302
578 Stepney ST, Inglewood, CA 90302
578 Stepney ST, Inglewood, CA 90302
578 Stepney ST, Inglewood, CA 90302
578 Stepney ST, Inglewood, CA 90302
578 Stepney ST, Inglewood, CA 90302
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The Brandon Drew Group

The Brandon Drew Group

+1(909) 944-8800
$ 2,899,999
Est. payment | /mo

17 Beds

17 Baths

8,208 SqFt

Save
$ 2,899,999
Est. payment | /mo
Save

17 Beds

17 Baths

8,208 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 8,208 sqft

Price per Sqft $353

MLS Listing ID 26104531

Bedrooms 17

HOA Y/N No

Year Built 1987

Lot Size 0.459 Acres

Property Description

Kidder Mathews is pleased to present 578 Stepney St, a 9-unit apartment community in Inglewood, California. The property is offered at $2,899,999, or $322,222 per unit and $353 per SF.Built in 1987, the property consists of two-story buildings with 8,208 SF of rentable area on an approximately 20,000 SF (0.46-acre) lot. The unit mix is eight 2-bedroom/1.5-bath townhome-style units of approximately 975 SF each and one 1-bedroom/1-bath unit of approximately 600 SF. The lot is large for 9 units, and recent changes to California law allow additional accessory dwelling units (ADUs) by right. Under SB 1211, a buyer may add up to 8 detached ADUs, plus up to 2 ADUs converted from non-living space inside the existing buildings. Because the property is near qualifying transit, the new ADUs may be built two stories tall and need no added parking. This creates a path to as many as 17 units on the site by converting carports into 2-story ADUs and the development of a 2,750 SF vacant rear yard, resulting in a pro forma cap rate of 8.7% at $241,176 per unit and $311 per SF. The property is about 1.5 miles from SoFi Stadium and about 2 miles from Intuit Dome, in one of Los Angeles County's most actively redeveloping submarkets.

Location

State CA

County Los Angeles

Area 101 - North Inglewood

Zoning INR2YY

Interior

Heating Central

Cooling Central Air

Fireplace No

Appliance Disposal

Exterior

Parking Features Carport, Detached Carport

Total Parking Spaces 15

Building

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 4015006081

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Austin Mudd Kidder Mathews of California, Inc. #02101587

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Why The Brandon Drew Group?

THIS IS OUR PURPOSE .
 
Named for our son. Built for your family. The Brandon Drew Group is a family-run mortgage firm in Rancho Cucamonga, California, named in memory of Robert and Colleen Olivas's son Brandon Drew. What started as a way to honor him became a calling — to make sure every family who walks through our door is treated with the same patience, honesty, and care we wish for our own. The story behind the name →

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578 Stepney ST