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.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 3/23/2024 at 1:21 AM UTC

 

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