INGLEWOOD, Calif. – Inglewood real estate used to fly off the market as soon as the listing hit but times have changed. With increased interest rates, and folks mad at a dozen eggs costing close to $10 a pop these condos have languished on the market in excess of two months.
This creates opportunity for the buyer.
Estimated monthly payments range from $2,741 to $3,062 with an average Home Owners Association (HOA) fee of $300.
Unfortunately, most HOA’s forbid turning your condo into a short-term rental but there are always ways around that. Join your local HOA and get yourself elected to the board. Then suggest an increased HOA fee for those who want to list their home. It generates more revenue for the HOA to address maintenance and repairs and allows the owner to subsidize the cost of the mortgage, insurance, and property taxes.
Here are five condos priced under $450,000 that could be worth a second look.
727 N Eucalyptus Ave #18, Inglewood, CA 90302
Price: $393,000
Bedrooms / Bathrooms: 1/1
Square feet: 681
HOA: $300 / month
Days on the market: 62
*Fun fact: its located across the street from a Fedex Shipping Center
500 Evergreen St #305, Inglewood, CA 90302
Price: $400,000
Bedrooms / Bathrooms: 2/2
Square feet: 906
HOA: $577 / month (it’s more expensive than the gated communities in Inglewood!)
Days on the market: 108
919 E La Palma Dr #10, Inglewood, CA 90301
Price: $400,000
Bedrooms / Bathrooms: 1/1
Square feet: 640
HOA: $175 / month
Days on the market: 50
512 Evergreen St #205, Inglewood, CA 90302
Price: $425,000
Bedrooms / Bathrooms: 2/2
Square feet: 957
HOA: $300
Days on the market: 255
727 N Eucalyptus Ave #2, Inglewood, CA 90302
Price: $447,739
Bedrooms / Bathrooms: 2/2
Square feet: 982
HOA: $205 / month
Days on the market: unknown
*Fun fact: this is a short sale
