1129 Centinela Avenue, Inglewood, CA 90302

About this property

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.

Listing description from the July 2023 sale, as reported to CRMLS.

Sale history

$4,380,000

Sold July 2023 · listed $4,500,000, on market February 2023 · MLS #SB23019619 · Source: CRMLS

Listing Agent: Brett Lyon · Listing Office: Lyon Stahl Investment Real Estate, Inc. · Contact: 3104259838 · Bought with: Brett Lyon · Lyon Stahl Investment Real Estate, Inc.

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