850 Centinela Avenue, Inglewood, CA 90302
- $2,225,000
- Sold Price
- $2,225,000
- List Price
- $2,150,000
- Closing Date
- Nov 21, 2024
- Status
- CLOSED
- MLS#
- SB24185401
- Year Built
- 1955
- Lot Size
- 11,953
- Acres
- 0.27
- Lot Location
- 6-10 Units/Acre
- Days on Market
- 13
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- One Level
Property Description
Henry Liao is proud to present 850 & 902 Centinela Ave, Inglewood, California. This well-maintained, newly improved, exceptional turnkey investment opportunity consists of side by side Two (2) - four plex unit apartment buildings in the city of Inglewood. The buildings are identical in size and are effectively are mirror images. The buildings were constructed in 1955 and are each located on separate assessors' parcels, with combined building size of 5,844 SF and total 11,990 SF lot sizes. Each four plex consists of one (1) 2 bed/1 bath unit, and three (3) 1 bed/1bath units. The units are larger than other similar units in this area. The property also has four (4) outdoor parking spaces and four (4) single garage, and two (2) double garage parking spaces for a total of twelve (12) parking spaces. This a part of the investment portfolio includes 811 Centinela, Inglewood CA, 90302. 850 & 902 buildings are located on a separate assessors’ parcel, these units meet the criteria for buildings consisting of 1-4-unit or less pursuant to the City of Inglewood's rent control Ordinance. Assumable Loan until 05/2027 @ 3.58% Large rent upside potential Potential of additional 2 ADU Highly desirable area in Inglewood Great unit mix of (2) 2-bed/1 bath and (6) 1 bed/1 bath units On site laundry facility Exceptionally well-maintained asset New Roof 2023 New heater for all units 2022 Newer windows and stuccos Total twelve (12) onsite parking spaces six (6) garages with total of eight (8) garaged parking space & four (4) exterior parking spaces + possible 4 more parking space 3 out of 8 units has been fully remodeled 902 Centinela #1, remodeled in 2021 902 Centinela #2, remodeled in 2021 850 Centinela #4, remodeled in 2023
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Additional Information
- Pool Description
- None
- Fireplace Description
- Bath, Gas, Kitchen, Living Room
- Heat
- Wall Furnace
- Garage Spaces Total
- 8
- Sewer
- Public Sewer
- Water
- Private
- Attached Structure
- Attached
- Number Of Units Total
- 8
- Gross Scheduled Income
- $176,602
- Operating Expense
- 69089
Listing courtesy of Listing Agent: Henry Liao (henry@looprealty.net) from Listing Office: Henry Liao.
Listing sold by Robert Sillman from Lyon Stahl Investment Real Estate, Inc.
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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.