1129 Centinela Avenue, Inglewood, CA 90302
- $4,380,000
- Sold Price
- $4,380,000
- List Price
- $4,500,000
- Closing Date
- Jul 31, 2023
- Status
- CLOSED
- MLS#
- SB23019619
- Year Built
- 1937
- Lot Size
- 25,185
- Acres
- 0.58
- Lot Location
- Paved
- Days on Market
- 13
- Property Type
- Multifamily
- Property Sub Type
- Mixed Use
- Stories
- One Level
Property Description
1129 Centinela Ave in Inglewood, CA is a massive 24-unit gated complex in NW Inglewood boasts a unit mix of one (12) 1-bed/1-bath units and (12) studio units (all single story). The buildings consist of 9,666 SF of living space and is situated on a large 25,185 SF lot (Zone C2) with 14 garages and 8 additional parking spots onsite. The property is available for only $187,500/unit, and currently operating at a 5.10% CAP and 11.90 GRM, with significant upside in market rent potential (6.56% CAP & 10.06 GRM). 1129 Centinela also offers ADU potential with the number of garages onsite - or with the size of the lot, a future development of the entire site (buyer to verify ADU/dev. potential). Located within close-proximity to the new So-Fi stadium site, 105 & 405 FWYs, and many restaurants & retailers, this is a great value-add opportunity for any investor.
/u.realgeeks.media/jeremysifuentes/header.png)
Additional Information
- Pool Description
- None
- Cooling Description
- None
- Garage Spaces Total
- 14
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 24
- Gross Scheduled Income
- $378,108
- Operating Expense
- 129681
Listing courtesy of Listing Agent: Brett Lyon (Broker@lyonstahl.com) from Listing Office: Lyon Stahl Investment Real Estate, Inc..
Listing sold by Brett Lyon from Lyon Stahl Investment Real Estate, Inc.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.