1130 Centinela Avenue, Inglewood, CA 90302

$435,000 Approx. USD 0 beds, 0 baths
1,850 sqft

Agent Remarks

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 residential2 bed/1 bath + shower room unit backs up on the office units. The rear unit is currently residential, but per City Report must be converted back to a 2 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 of 6.7. If you prefer a live/work combination, add your signature style and make this your home. No more commute, walk to work!

Listing Details

Property type: OFF (Commercial)
Status: Pending
MLS# SB15252676
List price is $435,000 Reduced by $15,000 on 4/18/2016
Beds: 0
Baths: 0
Built in 1926
1,850 sqft
0.11 acres
Lot size: 4935.000
County: Los Angeles
Zoning: C2
Heating description: Wall Heater
MLS area: 101 - North Inglewood

Last Updated: 7/25/2016

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This listing belongs to the 101 - North Inglewood MLS area

The listing is zoned C2.
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Lat/Long: 33.976627, -118.358894.
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Broker: Courtesy of Keller Williams Realty
Listing Agent: Maeve Cummings

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