1130 Centinela Avenue,  Inglewood CA, 90302 (Residential Income)

1,850 sqft
Status: Pending
MLS#: SB15254576
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Last Updated: 12/6/2016 12:11 AM
Description for 1130 Centinela Avenue Inglewood, CA 90302
Investor's Delight! DO NOT DISTURB TENANTS. This great Mixed Use property is centrally located in La Tijera Village, Inglewood. High traffic count, and excellent visibility, are great for commercial use portion of the property. Residential portion sits behind the stores and is away from street noise. Zoned C2, this property is 100% occupied, with steady cash flow. It has two long-term retail/office units in front.(Beauty Salon and Legal Services) A residential 2 bed/1 bath + additional shower room, backs up on the office units. The rear unit is currently a residential space (no permit) and needs to be converted back into a two car garage and large storage room. Buyer to verify the size of the buildings. This fixer has lots of upside potential for the savvy investor. NO RENT CONTROL. Currently master metered. Nearby properties are being revitalized. 1 mile away from new Metro light rail station that is being built at La Brea/Florence, and proposed redevelopment of the nearby Fairview Heights area. Under 10 GRM on current rents, with a Cap Rate over 5. If you prefer a live/work combination, add your signature style and make this your home. No more commute, walk to work!
Price
$435,000
Los Angeles
1,850 (approx)
SB15254576
Pending
Description
Investor's Delight! DO NOT DISTURB TENANTS. This great Mixed Use property is centrally located in La Tijera Village, Inglewood. High traffic count, and excellent visibility, are great for commercial use portion of the property. Residential portion sits behind the stores and is away from street noise. Zoned C2, this property is 100% occupied, with steady cash flow. It has two long-term retail/office units in front.(Beauty Salon and Legal Services) A residential 2 bed/1 bath + additional shower room, backs up on the office units. The rear unit is currently a residential space (no permit) and needs to be converted back into a two car garage and large storage room. Buyer to verify the size of the buildings. This fixer has lots of upside potential for the savvy investor. NO RENT CONTROL. Currently master metered. Nearby properties are being revitalized. 1 mile away from new Metro light rail station that is being built at La Brea/Florence, and proposed redevelopment of the nearby Fairview Heights area. Under 10 GRM on current rents, with a Cap Rate over 5. If you prefer a live/work combination, add your signature style and make this your home. No more commute, walk to work!
Listing Information
Property Type: Cluster, 1 Story
0.11 Acres 493,500 sq.ft. 1,850 (approx)
$235.14 1926
1 Stucco
Raised Foundation
4 Total
Neighborhood
Room Information
Interior Features
Carpet and Other, Linoleum
Window/Wall Unit
Wall Unit
Guesthouse
Den, Dining Room, Family Room, Kitchen, Living Room, Master Bedroom, Outdoor Fireplace
Alarm -Smoke/Fire, Window Bars,
Window Blinds
Exterior / Lot Features
2 Parking Spaces, Driveway, Unassigned, Uncovered
Stucco
Composition, Asphalt, Shingle
None
No Pool
Brick Wall
Sidewalks, Street Lights, Guesthouse, Two On a Lot, Urban
Driving Directions
Cross Streets: Centinela/La Brea
Financial Considerations
4002017005
$46,800 Income ,$15,724Expense
Listing Price History

Inglewood Real Estate

Inglewood is located in California. Inglewood, California 90302 has a population of 110,225.

The median household income in Inglewood, California 90302 is $44,558. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Inglewood 90302 is 33 years.

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Courtesy: Keller Williams Realty Maeve Cummings
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Information is deemed reliable but is not guaranteed.

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