$1,195,000 - 519 Elm Avenue, Inglewood

Inglewood Home For Sale

[All units can be delivered vacant.] Ideal for a family compound or owner-occupants seeking additional monthly income, 519 Elm Avenue offers a large Craftsman home plus a pair of detached bonus units (studio and one-bedroom) on a colossal double-gated lot that allows for ample parking and private outdoor space. The main house, which has its own grassy yard plus a spa area off the back porch, is a roomy 3-bed/2-bath home that spans roughly 1,900 square feet. The expansive living room and formal dining room exude historic character with exposed beams along high ceilings, decorative woodwork features, original hardwood floors, and a wood-burning fireplace with vintage tile and a built-in mantle. The large living and formal dining rooms open to a spacious full kitchen, sunny breakfast nook and an elongated wet bar or butler's pantry, allowing natural light to flow through the front of the house. The front bedroom has a walk-in closet and could be expanded by recapturing space from the oversized laundry room. At the back of the house, the third bedroom and remodeled second bathroom can be sectioned off from the rest of the home to create a private suite with its own outdoor access. The massive 8,866-sq-ft lot, kept private behind walls and trees and two remote security gates, accommodates a storage shed, tenant laundry closet, six parking spaces and dedicated outdoor space for each dwelling. The studio unit is estimated at 315 sq ft; the one bedroom unit at 415-plus sq ft. Upgrades over the past 10 years include roof, electrical, HVAC and sewer, plus construction of the bonus units. Just minutes from SoFi Stadium, Market Street and freeway access, this home makes for an attractive investment in the ongoing Inglewood Renaissance story.