Sold
1129 Centinela Avenue
Inglewood CA, 90302
$4,380,000
$453.13 per sqft
Sold
9,666 sqft
Multi-family
Built in 1937
Listed by Brett Lyon with Lyon Stahl Investment Real Estate, Inc. 310-425-9838
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.
SB23019619
MLSⓇ ID
February 6, 2023
Listed
March 23, 2024
Updated
Map
1129 Centinela Avenue
Inglewood CA, 90302
Interior Features
Total Stories
1
Laundry Description
None
Fireplace
Yes
Fireplace Description
None
Cooling
No
Cooling Description
None
Heating
No
Exterior/Building Features
Lot Size
0.58 Acres
Lot Features
Paved
Sewer
Public Sewer
Other Property Details
Area Name
101 - North Inglewood
Days on Market
15
Garage
Yes
Garage Spaces
14
Parking Total
22
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
INC2
Buyer Agency Compensation
2%
Listing History
Date | Event | Price |
---|---|---|
8/2/2023 | Price Change | $4,380,000 -3% |
8/2/2023 | Sold | $4,380,000 |
Listing Contact: 310-425-9838
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 3/23/2024 at 1:21 AM UTC