$4,380,000
$4,500,000
2.7%For more information regarding the value of a property, please contact us for a free consultation.
9,666 SqFt
SOLD DATE : 07/31/2023
Key Details
Sold Price $4,380,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 9,666 sqft
Price per Sqft $453
MLS Listing ID SB23019619
Sold Date 07/31/23
HOA Y/N No
Year Built 1937
Lot Size 0.578 Acres
Acres 0.5782
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.
Location
State CA
County Los Angeles
Area 101 - North Inglewood
Zoning INC2
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Cooling None
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Garage Spaces 14.0
Garage Description 14.0
Pool None
Community Features Sidewalks
Total Parking Spaces 22
Private Pool No
Building
Lot Description Paved
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 4016005003
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
Special Listing Condition Standard
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Bought with Brett Lyon • Lyon Stahl Investment Real Estate, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
Scott Greenspan
Broker Owner